Home Equity Line of Credit (HELOC)
We offer a home equity line of credit that you can use for whatever you need — from paying bills or consolidating debt to pulling the trigger on that brand-new kitchen you’ve been dreaming of.
How does it work?
Draw Period: You can spend against your line of credit for up to 10 years, also known as the draw period. During the draw period, you will make interest-only payments based on only what you have spent, not on your entire credit limit.
Repayment Period: After the draw period of 10 years, you will enter the 15 year repayment period. During the repayment period, you will pay both the principal balance and interest accrued.
Interest Rate: HELOCs are issued at a variable interest rate, meaning your interest rate can change over time. Throughout the life of your loan, you can “lock” in your rate one time.
Loan rates and approval subject to credit score and analysis. See credit union for details. Loan rates subject to change without notice. Equal opportunity lender. This credit union is federally insured by the National Credit Union Administration. NMLS: 408938
