The Voice of Canadian Credit Unions
Business / Finance /  •

Northern Credit Union boosts small biz

Small businesses in Northern Ontario can now apply for an unsecured business line of credit of up to $250,000 — without stepping into a branch. In February, Northern Credit Union launched the mobile-friendly online account opening tool for Ontario-based businesses, becoming Canada’s first financial institution to offer business accounts with a line of credit online.

“We know the huge role small business plays in the Northern economy, that’s why we’ve invested in thousands of businesses from Thunder Bay to the Ottawa Valley,” says Tony Dunham, Northern’s senior vice president. “These businesses have gone on to create more jobs and growth for our Northern communities — proof that good things happen when you keep your dollars close to home.” ◊