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Cloverbelt Credit Union

Home Equity Line of Credit

Put the equity in your home to work for you!

A Home Equity Line of Credit (HELOC) is a line of credit secured by the equity in your home, with limits ranging from $10,000 to $100,000. Use your available credit for any reason – home improvements, debit consolidation, college tuition, a vacation – whatever you want. Enjoy the convenience and ease of advancing your funds online, on the CCU mobile app, over the phone or with a teller.

HELOCs have a 10-year draw period, during which you can advance funds as needed up to your approved limit, followed by a 15-year repayment period. During the draw period, the interest-only minimum monthly payment can make budgeting easier, but you can pay any amount over the minimum to decrease your balance sooner. Rate plans are based on the Prime Rate, and the variable rate interest is subject to change quarterly.

Let’s Talk! Call a CCU home loan specialist today to learn more about how a HELOC can make a difference in your life.

Jeff Frolik
Jeff Frolik - NMLS#466652 
Phone: (715) 842-6351
Monica Bogen
Monica Bogen - NMLS#1650422
Phone: (715) 842-6368  
Kimberly Hartleben
Kimberly Hartleben - NMLS#2122542
Phone: (715) 842-6349

NMLS Institution ID #456101

If you currently have a Platinum HELOC MasterCard at CCU, you can get online access here