ACE loans are available for mortgages, consumer purchases, lines of credit, and investments (under certain terms and conditions). All loans are drawn on a "demand" basis, and are "open" so no pre-payment penalties apply.

The preferred interest rate is fixed for the calendar year. It is calculated during the first week of December and is equal to three quarters (3/4) of the average of the National Housing Act (NHA) one year closed residential mortgage rate of the five financial institutions posted from time to time by ACE, and is rounded to the nearest quarter percent per annum.

The amount that you may borrow at the preferred rate is dependant upon your employer's contract with ACE Credit Union Limited.

Loans are not life insured, however, we do offer life, disability, loss of employment, and critical illness insurance through CUMIS.

Our experienced personnel would be more than happy to answer any questions you may have, and to work with you to ensure that you capitalize on the benefits available to you.

 ACE Preferred Line©  

ACE Credit Union Limited is proud to introduce the ACE Preferred Line©. This option gives our customers the ability to access their ACE Preferred Line© anywhere in the world MasterCard is accepted.

ACE has successfully combined the exceptional low rates from our Preferred Loan Program©, with the exceptional benefits of the MasterCard Global Payment Cards to create the convenience and portability of the ACE Preferred Line©. Our customers can enjoy such additional benefits as; MasterPurchase, MasterTrip, Trip Cancellation, MasterLegal and the Blue Cross Travel Health Plan.

The ACE Preferred Line© offers:

• An interest rate equal to the preferred rate of interest, set annually, as per your employer's contract with ACE Credit Union Limited.
• Flexible payments and frequencies to suit your needs.
• Accessed by way of Global Payment MasterCard transactions, Personalized Cheques, MemberDirect® Internet Banking, Managers' Trust Cheque as well as ATM access at over 330,000 locations in 220 countries.

The ACE Preferred Line© is not life insured, however, we do offer Line Of Credit insurance through CUMIS.

The optional CHOICE REWARDS® Program is available on this product.

Our experienced personnel would be more than happy to assist you with any questions you may have regarding all products and services available at ACE Credit Union Limited.

 Residential Mortgages  

Available for purchase or new construction Pre-approved mortgages available 100% financing upon approval of Canada Mortgage and Housing Insurance Corporation (CMHC) or Genworth Financial The term of each mortgage expires December 31st each calendar year Maximum amortization based on CMHC or Genworth guidelines Flexible payment options to suit your needs Transfer of mortgages from other financial institutions under certain conditions Under certain terms and conditions, advances available up to the originally registered mortgage amount or exceeding the original mortgage amount (Future Advances) Semi-annual loan statements available Separate tax accounts are not maintained for property taxes No annual renewal fees Not insured. However, life, disability, loss of employment and critical illness insurance can be purchased through CUMIS

 Consumer Loans  

A non-mortgage loan for consumer purchases, debt consolidation, or other uses Flexible terms, payment and securities Semi-annual loan statements available No annual renewal fees Flexible payment options to suit your needs Not insured. However, life and disability insurance can be purchased through CUMIS

 RRSP Take Ten  

To allow members to maximize their past and current RRSP contributions Maximum loan available is $20,000.00 Ten year maximum amortization $100.00 minimum monthly payment Purchase or Assignment of Life and Disability Insurance is mandatory RRSP investment products may be purchased from ACE Credit Union, (Concentra Financial investments), or any Saskatchewan Credit Union or through your financial planner See Concentra Financial for details on their investment products.

 Quick Loans  

One-time approval revolving loan Accessable by way of manager's trust cheques or by deposit to IBA or Plan 24 account Interest is calculated on the outstanding balance Semi-annual loan statements available Flexable payment options to suit your needs Line of Credit insurance is available through CUMIS

 Professional Development Program   

 Computer Purchase Program   

 Investment Loans  

 Skip A Payment Privilege  

• Skip a loan payment privilege applies to all loans after the first anniversary date of the loan
• Privilege is available once per calendar year on each loan
• Loans with weekly, biweekly, semi-monthly and monthly payments will be allowed to miss one month of payments
• Applies only to the principal and interest component of payment and not insurance
• All parties of the loan including Guarantors are required to sign the "Skip a Payment" document

 Student Loans   

This special loan program allows ACE Credit Union members the opportunity to obtain non-traditional education funding to financially assist their children who are in full time attendance in a post secondary education program.

• Maximum loan available is $20,000 at $5,000 per year
• Ten year maximum amortization
• $100 minimum monthly payments once out of school for six months.
  
  
• Interest payments required while enrolled.
  
  
• Purchase or assignment of Life and Disability insurance is mandatory
• Students will also enjoy the added benefits of a service charge free Youth Account

 Overdraft Protection  

Attached to your Interest Bearing Account (IBA) The interest rate charged is Credit Union Central's Prime Interest Rate plus 4.00% Accessed by way of manager's trust cheque, ATM, POS, AFT and MasterCard transactions Interest paid only on the amount borrowed for the number of days used monthly statements No monthly fee available