Tricorp offers an array of loan products designed to provide flexibility in meeting our members' liquidity needs, while satisfying asset/liability and liquidity risk management requirements. The ability to borrow funds as needed, as quickly as possible, is an essential part of your credit union's liquidity management.

Completion of a Line-of-Credit agreement provides quick access to all Tricorp loan products, so liquidity is available immediately.  The following list includes some of theborrowing alternatives available to credit unions:

·        Standard Line of Credit -an overnight revolving line with a daily floating rate, based on  the fed funds effective rate, with interest due monthly.  This product is available to members that have not contributed Membership Capital Shares and automatically covers overdrafts to ensure outgoing payments can still be made. 

·        Preferred Line of Credit– an overnight revolving line of credit with the same features as the Standard Line of Credit but with a reduced rate of interest based on the preferred level of membership.

·        Premium Line of Credit– an overnight revolving line of credit with the same features as the standard and preferred lines but enables you to significantly lower your overnight borrowing rates for nominal consideration in the form of a non-interest balance requirement. Premium Lines of Credit are available to members who have contributed Membership Capital Shares.

·        Term Loan (Floating or Fixed) -a loan with a floating or fixed  rate of interest and fixed maturity date; structured with a single payment or monthly payment; designed for the short, intermediate, and longer-term funding needs of your credit union.

·        Loan Participations- an innovative, low-cost, funding option to provide credit unions with additional liquidity by sharing or selling ownership interest of a credit union's loan pool.  MemberMatch is an interactive web page that your credit union accesses to connect credit unions interested in either buying or selling loans.

·        CLF Loan- Tricorp can act as your credit union's agent to the NCUA Central Liquidity Facility to obtain a loan, when necessary.

·        Letters of Credit- documentary evidence to third parties that Tricorp will guarantee your credit union's contracted financial obligations at an agreed upon amount.

·        Automatic Settlement Loan Payment – pay your loan online or your credit union has the ability to sign up for our automatic settlement loan payment service.  Any time your credit union generates a settlement loan; your loan will automatically be paid down or paid off depending on the funds available in your overnight account.  Note: This service does not apply to term loans.

·        And more….whatever the need, Tricorp has a loan for you.