Home Equity Loans

If you are a homeowner, we offer several types of loans that can help you get the things you need, and may be tax-deductible (consult your tax advisor for interest deductibility details).

Home Equity Line of Credit: The HELOC allows members to borrow against their home's accumulated equity. HELOC has a low variable interest rate and low fees. And if you're going to need cash at several different times, but want the interest you pay to be lower than most credit card rates and tax deductible, our home equity line of credit is perfect for you.

Members can make advances ($5,000 initial minimum, $500 thereafter) up to $100,000 at their asking.

Note: Member pays title and recording fees. United Educators Credit Union finances 80% LTV, owner-occupied only.

Second Mortgage: The Second Mortgage allows members to borrow against the equity in their home for most any purpose, from debt consolidation to purchasing a cabin up north. It has a low fixed rate and no annual fees.

All terms subject to change without prior notice

United Educators Credit Union routing number: 296076084