Credit Policy
- Normal terms are cash
- Convenient credit granted to approved accounts
- All accounts due and payable on the 20th of the month following purchase
- Credit privileges suspended when account is 60 days or more in arrears
- Agri-finance for extended crop financing must be arranged 60 days in advance
- Payment by personal cheque requires an active North Wellington Co-op account in good standing
- 2% service charge per month, applied to all overdue accounts (26.81% per annum)
- Accounts overdue 90 days or more will be placed for collection (when no working agreement can be reached)
Credit Terms
- Applications required for any consumer or farm/commercial charge accounts
- Same day processing of properly completed account applications
- Approachable security-sensitive credit department staff
If you have any questions, please call our Credit Manager, Jackie Ziegler at 1-800-667-3056 or 519-338-2331.
North Wellington Co-op is a client of Credit Risk Management Canada.