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You could call it a loan. We call it a head start. 

Whether you're buying your first vehicle, remodelling your home, or just looking to pay down debt, a loan can help you get ahead. At YNCU, find borrowing solutions that will give you peace of mind and help you achieve your financial goals.



What if we told you there's a better way to get a loan? One that offers flexible terms and competitive interest rates, designed to fit your budget and needs.

At YNCU, that's what you'll find. We work with you to determine what type of loan works best for you. To get started, call or visit one of our experienced Financial Service Representatives.

Personal Loans: A personal loan gives you the access to the cash you need today, and lets you repay those funds over a period of time.

Type: Secured and Unsecured

Can be either Fixed or Variable Rate

Term: 1-7 Years

*Contact your branch for information regarding special features, repayment, eligibility, lending criteria, and loan protection.

Loan Protection: Insurance works to replace the income that your family will lose if anything should ever happen to you.

You have the option to include Life Insurance, Critical Illness Insurance, and Disability Coverage to your loan. 


Lines of Credit

Achieving your goals could be closer than you think. With a personal line of credit, you gain convenient access to a predetermined amount of funds. YNCU offers secured and unsecured lines of credit with variable interest rates.


A line of credit is a smart and flexible way to borrow money for many of the needs and goals that may arise in your life.

Rate: Variable Rate based on our Prime Rate

Term: Revolving

*Contact your branch for information regarding special features, repayment, eligibility, lending criteria, and loan protection.

School is hard enough. Paying for the necessities shouldn't make it harder. A Student Line of Credit from YNCU offers a flexible way to fund student life and help pay for tuition, books, and living expenses.

Rate: Variable (YNCU Prime + 2%)

Term: 1-15 Years

*Contact your branch for information regarding special features, repayment, eligibility, lending criteria, and loan protection.

At rates better than most credit cards, a home equity Line of Credit can finance other important purchases such as renovations, vacations, and paying off higher-interest credit.

If you're a homeowner who has built up some solid equity in your home, flexibility in borrowing is within reach. A MeritLine gives you the freedom to write a loan whenever the time is right.

Rate: Variable

Term: Revolving

*Contact your branch for information regarding special features, repayment, eligibility, mortgage protection, and renewability.

Payment Options

With a YNCU Line of Credit you can withdraw money from the line of credit at any time up to your limit and only pay interest on the amount you have withdrawn. While we only ask for a minimum monthly payment, you can pay as much as you wish and can re-access the funds you have paid back.

Enjoy quick and easy access to your funds whenever you need them by simply writing a cheque or withdrawing the funds.

You can also access your Line of Credit through our network of ATMs and at participating merchant locations across Canada where Interac Direct Payment is accepted.



Student Pack

When you're working on your future, we're here to help. Find banking solutions, student discounts, and financial advice that helps make navigating student life a little easier. 


Our Simply Starter Chequing Account was designed to cater to those starting new chapters in their life, offering unlimited self-serve transactions and Interac e-Transfers with no monthly fee!

If the Simply Starter Chequing Account isn't right for you, we also offer discounts for youth 25 and under on all of our chequing plans*. Check out our account options to find the plan with the services that best meet your needs.

*Home Free Chequing and U.S. Hybrid Chequing/Savings not included.

A Student Line of Credit gives you the flexibility to access credit to help pay for tuition, books, and living expenses.

  • Take advantage of a YNCU prime + 2% rate on $12,000 per year for up to 4 years of undergrad with interest only payments while you attend school.
  • An additional $12,000 per year for 2 years of grad school is available at the same exclusive rate with interest only payments while you attend school.
  • Funding options available for part-time studies.
  • Enjoy flexible repayment options up to 10 years upon graduation.

Feel confident that funds are always available with the convenience and security of one of our no fee Collabria Mastercards – and it’s a great way to establish credit while building a credit score.

Learn more about our suite of Mastercards by visiting our Collabria partner site.


We know that building credit is important for youth and post-secondary students. In an effort to support these individuals with building credit or obtaining their first credit card during the back-to-school season, a $75 statement credit will be rewarded to all eligible cardholders that apply between August 15 to September 30, 2022.  

Learn More


Enjoy 24/7 access to all of your financial information through our powerful and secure Internet and Mobile Banking, including fast, convenient INTERAC® e-Transfers.

Learn More


Whether you're attending class close to home or out of town, access to your money is never far away with over 2,400 surcharge-free ATMs across Canada through THE EXCHANGE® Network.

Learn More


RRSP Loans

An RRSP loan can help you to maximize your contributions, realize tax savings and help you to kick start you retirement savings plan. 

With a YNCU RRSP loan you can ensure that your money is working as hard as you are. 

An RRSP is the best tool to help realize on all your retirement dreams.  With a YNCU RRSP loan you can:

  • Reduce your unused contribution room
  • Help you to maximize on your earning potential
  • Reduce your taxes
  • Develop a savings plan

To inquire about an RRSP Loan, just call or visit one of our experienced and professional Financial Service Representatives, at any of our branch locations.

Our Financial Service Representatives will be more than pleased to assist you, and answer any questions you may have.



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