Letter of Credit
Occasionally, business members are required to obtain a Letter of Credit. This service is a guarantee of payment to an outside company or supplier, either domestic or international. This guarantee of payment will give the supplier the comfort of knowing that the goods or services will be honoured and payments received. Should the supplier make a demand on the Letter of Credit, Niverville Credit Union will honour it, and the payment terms will come in force as agreed.
For more information, please contact your Commercial or Agricultural Account Manager.