The financing you need is no further than your front door
Turn your home equity into cash for nearly any purpose.
Sarah followed thru with everything. The entire team worked together. We not only took out a Home Equity loan but refinanced two cars, and added accounts that earned us more interest on our money. We got a new credit card as well. She made it easy. Love this credit union. Been a member for over 20 years.
Brett B.
All the extras you need
- Competitive Rates
- Local Processing
- Quick Decisions
- Home Equity Lines of Credit Available
- No Closing Costs1
- Turn the equity in your home into ongoing, affordable financing2
- Competitive rates for ongoing or seasonal needs:
- Education expenses
- Major life events
- Major home improvements
- Debt consolidation
- Emergency reserve
- And much more
- Use the equity in your home as collateral3
- Accommodating repayment terms that work uniquely for you
- Revolving credit — funds available anytime without reapplying
- Funds easily available in a number of ways
- The interest paid could be tax deductible4
- Quick processing and local decision-making
- Attentive, friendly service from start to finish
- Convert the equity in your home into cash you can use2
- Competitive rates for several short-term or one-time needs:
- Education expenses
- Major life events
- Home remodel projects
- Debt consolidation
- And much more
- Use the equity in your home as collateral3
- Accommodating repayment terms that work uniquely for you
- The interest paid might be tax deductible4
- Quick processing and local decision-making
- Attentive, friendly service from start to finish
1The Home Equity Line of Credit (HELOC) Annual Percentage Rate (APR) is variable. The APR will adjust each January and July during the life of the loan based on the Prime Rate published in The Wall Street Journal, plus a margin that is based on credit worthiness and loan to value. The HELOC has a draw period of 5 years and the amount advanced is amortized over 20 years. The maximum APR is 18.0%. Offer of no closing costs does not apply to refinances with Electro Savings Credit Union. If the loan is paid off and closed within 36 months from opening the loan, member must reimburse the credit union for fees paid.
2Available to all primary residences in Missouri and Illinois. Property must be the owner's primary residence. Mobile homes and rental properties are not eligible.
3Borrow up to the maximum loan to value (LTV) of 95% for qualified borrowers.
4Consult a tax advisor concerning tax deductibility.