Hybrid Home Equity Disclosures

APR = Annual Percentage Rate. Introductory rate for the line of credit as low as 2.74% for the first year, then the APR will vary for the remaining life of the loan. As of 11/01/2019, this variable HELOC APR would have been 4.74% APR for 80% LTV. For the HELOC, the Rate is subject to a minimum of 3.99%, and the maximum APR is 18%. Line of credit has a 10 year draw period with a maximum of 15 year repayment period. Minimum payment for master line of credit is calculated at the time a credit advance is made using a payoff period of 180 monthly payments or $150.00 minimum payment, whichever is greater. Rates are based on the Prime Rate published in the Wall Street Journal Money Rates Table plus margin.

Stated introductory APR includes a 0.25% discount for existing members (membership accounts open more than 90 days) who meet the following qualifications under a single membership at the time the loan is booked: 

  • Enrolled in eStatements
  • Monthly direct deposit of at least $250 posted to one deposit-suffix
  • 15 posted point-of-sale debit card transactions to a single checking-suffix

— OR —

  • Enrolled in eStatements
  • 25 posted point-of-sale debit card transactions to a single checking-suffix

Transactions exclude refunds, credits, fees, pre-authorizations and ATM transactions. Discount(s) will not apply to APR after Introductory period.

Stated introductory APR includes a 0.25% discount for new members (membership accounts open less than 90 days) who provide a valid email address. Discount(s) will not apply to APR after Introductory period.

Home value is based on a full appraisal, which is required, at the member’s expense. Property must be a single family home and owner-occupied. Property insurance will be required. Line amounts range from $10,000 to $250,000. Offer not available to members who have an existing Home Equity Loan or HELOC with us. Limited time offers subject to credit approval. Offers subject to change or may expire without notice. Promotion available for a limited time only.

Rate Lock Feature: rate can be locked up to three times at once per Hybrid Home Equity loan. Portion of credit line can be fixed up to 10 years from Line of Credit loan date. Minimum fixed loan amount for at Rate Lock is $5,000. Fixed rate portion reduces the availability on the line of credit, payments made to the fixed rate portion replenishes the line of credit. Repayment terms of 60, 120 and 180 months available for fixed portions. As of 11/01/2019, the fixed rate for an 80% Hybrid Locked segment is as low as 5.49%. 

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