Members may apply for loans up to 85 percent of the value of their property (less the first mortgage balance).

HELOC HIGHLIGHTS:

• Rate: 1% above prime
  
• $5000 minimum HELOC
  
• $100 minimum advances
  
• 5-Year Draw period
  
• Minimum Rate: 6%
  
• Maximum Rate: 18%
  
• Rate may change semi-annually
  
• Monthly billing noticies

CLOSED-END SECOND MORTGAGE HIGHLIGHTS:

• Fixed Rate - rate will not change
  
• $5000 minimum loan amount
  
• Fixed monthly payments
  
• No minimum or maximum rate

For more information about our Home Equity Lending Program or to speak to a loan officer, call the credit union at (217) 528-2642.