Northern Credit Union

Building Financial Futures Together

Commercial Mission Statement

To provide a lifetime of financial well-being to our

members

Commercial Relationships

Commercial banking is one of relationship building.

We focus on tailoring our lending to the needs of

your business. We work with you to

contribute to your successes!

What is the Difference Between a Credit Union and a Bank?

Credit Union vs. Bank• At the Credit Union you are a member

(voluntary membership)• Democratic Member Control – you have the

opportunity to impact decisions. (Delegate Group and Board)

• You are an equal owner and have a stake in the Credit Union

• Exists to Benefit the Members• EMPOWER LOCAL RELATIONSHIP

MANAGERS to make decisions.

BENEFITS TO COMMERCIAL BANKING WITH NORTHERN

• At Northern Decision Making is made in North Eastern Ontario by people who reside here.

• At Northern You receive One on One Relationship Management

BENEFITS TO COMMERCIAL BANKING WITH NORTHERN

Continued

• At Northern Our lending policies are tailored to reflect our market and economy

• At Northern We have the discretion to match pricing to retain our valued members and attract new members

• At Northern We are able to offer the same products of our competitors.

WE KNOW YOUR BUSINESS

All of our Commercial Relationship Managers were Born and

Raised in North Eastern OntarioWe understand local conditions

because we share those conditions with you.

Member Reference

“Northern Decision makers are more accessible because they are here – that gives them a clearer understanding of our business case”

Mike Tulloch

Member Reference

“They have the ability and the power to cut through typical banking red tape because they can make decisions close to home”

Ryan Saari

WE ARE INTERESTED IN

YOUR BUSINESS

WE ARE IN THE COMMERCIAL BUSINESS

• Every Business is unique! That’s why we tailor our lending to meet your business needs- We look for ways to provide you financing

• We never refuse business before we asses the potential opportunity

Types of Industry• Commercial/ Residential Real Estate• Accommodation/Food Service• Land Development • Manufacturing • Retail• Governments• Transportation • Professionals • Wholesale • Oil and Gas • Health and Social Services• Agriculture • Mining • Communication Technology

WHAT PRODUCTS DO WE OFFER

TYPES OF LENDING PRODUCTS Term Loans – Fixed or Variable RateConventional Mortgages Collateral Mortgages Lines of Credit Letters of Guarantee/CreditCanadian Small Business Loan Financing CMHC Secured Mortgages – Multi Unit Residential Properties

NORTHERN STREAMLINED BUSINESS LOAN or LINE OF CREDIT (NSBL) PRODUCT

• This product is offered at the branch level and are specifically for small business members wishing to borrow up to $25,000

NSBL Features• FEATURES:• Specifically for smaller businesses

who may need some extra money to purchase equipment, inventory or operating expenses

• Fast hassle-free application process• Blended monthly payment for term

loans-Interest only for operating loans.

NSBL Features • FEATURES CONTINUED• Simple Security Package: General

Security Agreement and Personal Guarantee (If Required)

• Open for prepayment at any time without penalty

• Life insurance mandatory; disability insurance optional

• ALL MEMBER BUSINESSES ELIGIBLE

NSBL Benefits

• No annual reviews required

• Term Loan with Fixed monthly payment or Line of Credit Financing options available

• Life insured

• On site authority for quick turnaround

CORE SERVICES & PRODUCTS

• The Business 1 Account Package • Online Banking • Current Accounts and Operating Lines• Dedicated Relationship Managers • Business Loan Insurance• Card Services (Point of Sale & MasterCard) • ATM Access• Payroll Services • Wealth Management Consultants

HOW TO PREPARE FOR

OUR FIRST MEETING

WHAT DO YOU NEED?

• Have a Business Plan • Projections of Income or Financial

Statements (minimum 2 years for companies currently operating)

• Personal Net Worth Statement (assets and liabilities)

• Any other supporting documents that would help us to help you with your financing needs

NOT SURE WHAT YOU NEED?

• As every business is unique – our requirements are different for each business.

• Make an appointment – We would be happy to review your needs with you and provide you with guidance.

We look forward to getting to know you and learning more about

your company

QUESTIONS

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