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Standard & Performance

Settlement Lines of Credit

Catalyst Corporate offers two options for a settlement line of credit to provide automatic liquidity coverage when it’s needed.

  • The Standard Settlement Line of Credit is secured by a general pledge of credit union assets.
  • The Performance Settlement Line of Credit is secured by a specific pledge of assets acceptable to Catalyst Corporate.

Features & Benefits:

  • Liquidity is readily available when needed.
  • Loan advances are automatic, requiring no action on the part of credit unions.
  • Rates are attractive.
  • Credit unions can easily obtain loan advances from either type of line in one of three ways:
    • through Catalyst Corporate’s automated settlement sweep feature;
    • by making a loan-to-share transfer in TranZact; or,
    • by contacting the Member Services department.
  • Loan advances are due 12 calendar months from the date of the individual advance. Automated notices of loan advance transactions are delivered to members the next business day.
  • There are no limits on the number of loan advances a credit union may obtain, as long as the total credit line is not exceeded.
  • There are no fees to establish a line of credit or obtain a loan advance.
  • Credit unions can make loan payments online using TranZact or by contacting the Member Services department.
  • Catalyst Corporate does not charge a higher interest rate for advances obtained through the automated settlement sweep.

Resources:

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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