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Letters of Credit

Catalyst Corporate can act on behalf of a member credit union by providing documentary evidence that guarantees payment to a third party.

Many utility companies will accept a letter of credit in lieu of a monetary deposit.

The credit union’s line of credit availability is reduced by the amount of the letter of credit until the letter of credit expires.

Resources:

dollarLending Rates Credit Application Lending FAQs

 

 

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Overview All Services Payment Services Technology Services Liquidity/Member Credit Services Business Services Additional Services Service Updates Service Support Catalyst Strategic Solutions