142 South Algoma Street
Thunder Bay, ON P7B 3B8

Phone: (807) 345-7612
Email: info@baycreditunion.com


Authorized Overdrafts and Lines of Credit

We offer both our Authorized Overdrafts and Lines of Credit, secured or unsecured to meet your unique needs!

We offer two types of Credit Lines—secured and unsecured.  Both feature flexible payment options, competitive rates and the freedom to make lump-sum payments at any time.


A simple Line of Credit that doesn’t have to be secured against your property, our unsecured option gives you continuous access to money without having to re-apply for credit.


Merit line Using your home as security, a Meritline allows you to leverage your property value to more borrowing power.  It grants you quick, hassle -free access to funds for any use that fits your needs:  home renovations, vehicle purchases, vacation properties, and investment opportunities.  This makes it ideal for members looking to access larger sums of money at a lower cost.

Member Benefits

  • Provides interest rates that are lower than credit card interest rates
  • Eliminates overdraft service charges and returned cheques