Letter of Credit

A commercial letter of credit is a promise of payment to a third party (the beneficiary) to help you make purchases or transact business with companies with whom you have limited trading experience or credit history, and are available on request.

Letters of credit will be processed by way of approving a loan. Contact us to make an appointment.


  • issued by NDCU on behalf of the member
  • secured by term deposits
  • annual reviews required
  • annual fees apply