We offer a wide range of loan products to meet both long-term and daily operating requirements of our agriculture members, including:

Ag Authorized Overdrafts/Operating Lines of Credit

Authorized Overdrafts/Operating Lines of Credit are generally set up to cover farm operating expenses pending the sale of crops or livestock. Features include:

• Tied directly to your chequing account.
• Offer the convenience of pre-approved credit.
• Revolves on demand and is renewable annually.

Ag Term Loans

Term loans are available to purchase breeding stock and new or used machinery and equipment. Breeding stock can be amortized up to a maximum of 5 years; machinery and equipment can be financed up to 10 years.

Ag Mortgage Loans

Mortgage loans are available to purchase land, buildings, and improvements or for reorganization of the farm enterprise. Financing can be up to 75% of the current appraised value or purchase price, whichever is less.

Amortizations are available up to a maximum of 25 years, with terms of 1-5 years. Both fixed and floating rates are available.

Payments can be monthly, quarterly, semi-annually, or annually, depending on the type of farm operation and the dates of expected cash flows.

Call your local branch for current rates.   |   Loan Payment Calculator

Agricultural Loan Insurance

Loan insurance is an economical financial safeguard that can reduce your financial risk. It's a sensible solution when:

• New borrowing and increased debt raise your risk of financial loss.
• Your business debts are higher than your existing insurance.
• You have family responsibilities and dependants who rely on income from your business.
• You have business partners who share business debts equally.
• Losing a partner's profit-producing ability raises financial concerns.

For loans under $100,000, you can apply at your local branch of Chinook Credit Union and your protection could begin right away. Coverage is available on loans up to $500,000. Ask about the protection plans available.