For a limited time enjoy NO Closing Costs2 on a HELOC1!

While it may seem like you're all out of cash, you probably haven't looked around your own home. Tap into the equity you've built in your home to use as collateral for financing.

Use the loan toward home improvements, and add even more value to your investment. We offer low rates and easy repayment plans to work within your budget.

Benefits
  • Competitive rates for several short-term or one-time needs:
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Low, fixed rate and no annual fees
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible*
  • Local processing in Minnesota for better efficiency
  • Personal service from start to finish
Home Equity Line of Credit (HELOC)

Just like a home equity loan, a HELOC uses the equity you've built within your home as collateral to secure affordable financing. But as a revolving line of credit, you can repeatedly tap into your HELOC without having to reapply — perfect for ongoing personal projects or as an emergency cash reserve.

  • For several ongoing or seasonal needs:
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Competitive rates
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • Funds easily available via check or requested transfers to a specified UECU checking account
  • The interest paid might be tax deductible*
  • Set up automatic payments to be deducted from your account monthly
  • Local processing in Minnesota for better efficiency
  • Personal service from start to finish

*Consult a tax advisor.

1. Variable annual percentage rate. The rate you receive is based on the applicant’s credit, repayment history, and length of repayment. Closing cost range is usually $150-$600. Annual fee is $50. Maximum APR is 18%. Property must be located in Minnesota and property insurance is required. Membership eligibility requirements apply. 2. No closing cost offer is available on Home Equity Lines of Credit only; up to $500 maximum to be paid by the credit union. Credit line must be $15,000 minimum; $100,000 maximum; in order to receive the no closing cost offer. A minimum of $5,000 must be disbursed upon closing. Offer ends 6/30/2017. Federally Insured by NCUA.