Home Equity and Home Improvement Loans are available for those membes who have accumulated equity in their personal residence.
With a Home Equity Loan, the loan proceeds may be used for any purpose (taking a long-awaited vacation, paying off credit cards, or purchasing a vehicle). Home Improvement Loans are used for just that -- home improvements. You may borrow up to 90% of the assessed value of your property, less the first mortgage balance.
We offer three types of Loans:
Current Rates • Loan Application • Contact Us
 Home Equity Closed-End Loan – This is a closed-end, fixed rate loan. Often times this type of loan is used to finance a specific purpose or project. Repayment terms are available for up to ten years (120 months) at competitive fixed rates.
Home Equity Line of Credit – This is an open-end, variable rate line of credit that enables you to withdrawal funds as needed.
The variable rate is based on the 3-year Wall Street Journal Prime rate and is subject to up to a 2% change quarterly, based on WSJ Prime rate changes. A minimum initial draw amount of $500 is required to initiate the loan. Please consult your tax advisor regarding tax deductibility.
Home Improvement Loans – Closed-End Home improvement loans are available for those remodeling projects that enhance your home. This could include anything from landscaping to room additions Repayment terms are available for up to ten years (120 months) at fixed competitive rates. Closed-end loans and any existing first mortgage loans should not exceed 90% of the value of a member's residence.
This credit union will do business in accordance with Federal Fair Lending laws.
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