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Credit Policy

  1. Normal terms are cash at time of purchase
  2. Convenience credit may be granted to approved charge accounts after proper application is made.
  3. Statements will be rendered each month, at month-end. Accounts are due on the 20th day of the next month. When overdue, a minimum service charge of 2 ½% per month or such rate as may be published from time to time will be applied monthly on overdue balance until paid.
  4. Should an account become two months (60 days) in arrears or should the account become an amount exceeding your credit limit, credit privileges will be suspended.
  5. Cheques will be accepted for payment of merchandise from customers with approved Co-op charge accounts or with sufficient identification.
  6. Visa card, Mastercards, and Interac cards are not to be used to pay non-current accounts receivables without applicable service charge.

Budget Plant – Home Heat Accounts

  • 10 Equal payments starting September 20th
  • Post-dated cheques required.

Extended Credit Terms
Several credit plans are available through your co-operative.; Our staff will be glad to assist you.

Questions
Please contact the Madoc Office at (613) 473-4227 .

 

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