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  1. Agriculture
  2. Borrow
  3. Loan Options

Agriculture lending and credit options​

 

Agriculture mortgages

Mortgages tailored to agriculture members for the purchase of land, buildings, or making farm improvements. Available with fixed or floating interest rates. Need to refinance? Talk to us!

 

Contact your local branch or make an appointment with one of Vision’s Commercial/Agricultural Specialists. They’ll bring Vision’s financial services right to your doorstep.

Central Alberta: Dan Szott, 780-678-0008
Northern Alberta: Kevin Sliger, 780-837-2227; or Terry Krahn, 780-926-6886

Agriculture loans

At Vision, we understand the agriculture business. That's why we offer specific financing options at competitive rates designed for food producers.

 

Machinery and Input Loans

Successful farming takes the right tools. Whether you need a financial helping hand to get your crop in or to replace equipment, we’re here for you.

4-H Member Loans

Vision supports 4-H program members by providing loans for the purchase of marketable livestock within central and northern Alberta. Eligible 4-H members must be under 18, have a parent or guardian co-signor, be a current member of a 4-H club in Vision’s immediate service area and must be, or become, a member of Vision Credit Union. Download your 4-H Loan Application Form here.

Future of Farming Mortgage 

Ultra-low interest lending options designed especially for young farmers, with financing up to 75% of purchase price of farmland and no application fee.


Contact your local branch or make an appointment with one of Vision’s Commercial/Agricultural Specialists. They’ll bring Vision’s financial services right to your doorstep.

Central Alberta: Dan Szott, 780-678-0008
Northern Alberta: Kevin Sliger, 780-837-2227 or Terry Krahn, 780-926-6886

 

Breeder cattle loans

Beef producers don’t have time for red tape. That’s why Vision offers breeder livestock financing that’s simple, flexible and fair.

  • loans up to $250,000* per operation for the purchase of breeder livestock; bulls are not eligible
  • 100% financing for up to five years – up to loan maximum per head
  • secured with land, equipment or cattle

* Financing up to $1.5 million with additional credit assessment.

 

Benefits

  • simple application process, minimal credit requirements
  • flexibility to use land/equipment as collateral
  • non-pooled security deposit
  • affordable, one-time, flat set-up fee
  • option to pay loan in full at any time without penalty
  • eligible for Vision Credit Union profit shares

Conditions

  • 10% security deposit - held in an interest-earning term deposit
  • $200 set-up fee plus required brand inspection fees
  • loan insurance, offered through Vision
  • brand all livestock with a Vision Credit Union brand; calves are to be branded annually
  • annual payment on due date or when calves from financed cows are sold

Contact your local branch or make an appointment with one of Vision’s Commercial/Agricultural Specialists for details on loan terms and maximum lending values.

Central Alberta: Dan Szott, 780-678-0008
Northern Alberta: Kevin Sliger, 780-837-2227 or Terry Krahn, 780-926-6886


Crop input loans

To produce a great crop, you need great resources. Get the inputs you need to support higher crop yield while freeing up cash flow for your operation. Flexible, low-interest Crop Input Loans from Vision Credit Union. Just one application sets you up with crop input financing that puts you in the driver’s seat with suppliers.

 

The Vision crop input loan advantage:

  • Competitive interest rates:
    • Prime plus 2% on GSA-secured, approved credit
    • Prime plus 1% on land mortgage/encumbrance-secured, approved credit.
  • Single-source financing: No filling out registrations at every supplier. Select your retailers based on prices and products, not financing.
  • Profit share advantage: Earn 25% back as profit shares on loan interest paid.
    .

Details:

  • Advances can be utilized for seed, chemical and fertilizer.
  • All advances must be completed by the branch with verification of invoices for inputs.
  • Re-payment on or before May 1, one year following the advance.
  • Monthly interest payments or pay lump sum at maturity.
Contact your local branch for details.

Agriculture lines of credit

In life and in business, timing can make all the difference. Be ready for growth with one of Vision’s agriculture-specific lines of credit, and ensure you have quick cash access when you need it.

  • tied directly to your chequing account
  • revolves on demand and renewable annually
  • convenient pre-approved credit

 

Operating Line of Credit

Navigate farm operating expenses pending the sale of crops or livestock and other cash flow needs with an operating line of credit from Vision.

Equipment Line of Credit

Have the funds available to close the deal on a new machinery purchase when the time is right.

Feeder Line of Credit

Save on fees and processing charges with a feeder line of credit. The feeder line of credit is pre-approved credit for the purpose of purchasing feeder cattle over a short-term basis.
 

Future of Farming Operating Line of Credit

Present assets can be margined to a maximum of 75% for collateral with no application fee.

Contact your local branch or make an appointment with one of Vision’s Commercial/Agricultural Specialists. They’ll bring Vision’s financial services right to your doorstep.

Central Alberta: Dan Szott, 780-678-0008
Northern Alberta: Kevin Sliger, 780-837-2227 or Terry Krahn, 780-926-6886

 

Authorized Overdraft account (AOD)

Money in, money out. In agriculture, it seldom happens in that order. Whether it’s a delayed payment for cattle, increased input prices or equipment breakdowns, food producers are thrown a lot of financial curveballs. That’s when it helps to have a chequing account that has your back. An Authorized Overdraft (AOD) account does just that: it’s like a line of credit attached to your chequing account, providing a revolving source of credit that you top up with your account deposits.

 

How an AOD works:

  • It operates like a regular chequing account. You can write cheques, set up direct deposits and automatic payments, etc.
  • When you have a negative balance, you draw on the available AOD credit and pay interest on the amount borrowed while borrowed.
  • The credit is revolving, so when you make a deposit, you can use it again.

Benefits of an AOD:

  • Easy, convenient access to credit
  • No NSF charges or overdraft penalties, provided you’re within your approved overdraft limit
  • Competitive interest rates
  • Revolving credit
  • Higher credit thresholds than a typical overdraft
Contact your local branch for details.

Vision Collabria Business Visa® Credit Cards

The right credit card is a mainstay for any agri-business. Choose from our Collabria No Fee Cash Back, Low Rate or Visa Infinite business credit cards.

 

Vision Collabria No Fee Cash Back Visa® Business Card

Pay no annual fee and earn cash rewards for making purchases using your business credit card.



Vision Collabria Low Rate Visa® Business Card

Manage costs with a low annual fee, low interest rate business card while streamlining expense reporting to help make budgeting easier.



Vision Collabria Visa® Infinite Business Card

Earn rewards points for every dollar you spend and enjoy exclusive privileges like trip cancellation and 24/7 travel assistance with a credit card that helps you manage business expenses.



Talk to a representative at your local branch.

Call 1.855.341.4643
Go online to collabriacreditcards.ca/visioncreditunion


Looking for a personal credit card? We’ve got options for those too!

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