When the first Corporate credit union was established in 1968, one of its primary functions was providing liquidity to its member credit unions. Today, Volunteer Corporate still understands the importance of lending services that meet the unique needs of our membership. That is why we offer a wide range of cost efficient ways to meet your cash flow needs.

Line of Credit

On those rare occasions, when adequate funds are not available, VolCorp’s pre-approved Line of Credit can help you through your liquidity crunch. When your loan application is approved, we will establish your Line of Credit. Normally, our lines are 10% of your credit union’s assets but larger lines are available with approval. Your Line of Credit is automatically accessed when your Transaction Account drops below your average daily settlement balance. VolCorp’s Line of Credit carries a below market variable rate that is sensitive to changes in the market.

Term Loans

When a Line of Credit will not suffice for extended liquidity emergencies, a VolCorp Term Loan is available. Our Term Loans can be customized to meet your needs, whether short- or long-term, fixed or variable rate. VolCorp has the loan with payment, terms and conditions for your particular situation.

Secured Loans

This loan type is secured by your credit union’s marketable securities. Securities offered as collateral are maintained at VolCorp and loan proceeds are advanced for a specific period of time. Maturity dates on the loan can not exceed the maturity of the collateral. Interest rates may be fixed or variable and are set when the loan is established.

Unsecured Short-Term Loans

These fixed rate, short-term loans may be issued with one- to twelve-week maturities. A one-week notice prior to setup is required to ensure availability of funds. The loan rate will be established upon finalization of the loan paperwork.

Letters of Credit

Guarantee payment of municipal/utility deposits or Visa/MasterCard can be made with our non-negotiable, non-assignable Letter of Credit. These Letters of Credit are issued for a specific period of time and amount. VolCorp’s Letter of Credit is the low-cost answer to payment guarantees.

Central Liquidity Facility (CLF)

The CLF is your credit union’s lender of last resort. This fund was established to improve the financial stability of the credit union movement. A government agency, within NCUA, the CLF has access to the U.S. Treasury. VolCorp serves as your CLF agent. All members of VolCorp have automatic access to the CLF through their Membership Shares.