Rates

Put the value in your home to work

A HELOC, or Home Equity Line of Credit, is a great way to establish a convenient source of obtaining cash by using the equity that has built up in your primary residence in the form of a mortgage.  Many individuals use their HELOC’s for remodeling projects, vacations, or even purchasing vehicles.  One of the great advantages of using this source of funds is that the interest you pay on the loan is tax-deductible.  The minimum advance that can be made is $500 but you are not limited in the number of times you can make advances.  Monthly payments are just 1.5% of the balance of the loan, as of the last advance.  The limit has a ceiling of $25,000 in most cases.  If no other liens or mortgages exist on the property, higher limits will be considered.  The index used to determine the interest rate is the Prime Rate as published in the Wall Street Journal.  Below are the current rates:

As low as 4.00% APR (Annual Percentage Rate)

Get More Information

To get more information and to apply, just fill out our Contact Us form, and a JCU Representative will contact you shortly.  Alternatively, you can call our Member Services department at 205-444-4528.