About Us Services Investments Communications Learning Center Contact Us
Overview All Services Payment Services
Technology Services
Liquidity/Member Credit Services
Business Services
Additional Services
Service Updates Service Support
Catalyst Strategic Solutions
Contact

Letters of Credit

Catalyst Corporate can act on behalf of a member credit union by providing documentary evidence that guarantees payment to a third party.

Many utility companies will accept a letter of credit in lieu of a monetary deposit.

The credit union’s line of credit availability is reduced by the amount of the letter of credit until the letter of credit expires.


Overview All Services Payment Services Technology Services Liquidity/Member Credit Services Business Services Additional Services Service Updates Service Support Catalyst Strategic Solutions