Highlights

Let FECU Make Your Home Equity Loan Payment


From June 1st to June 30th, 2017, open a new Home Equity Loan or Line of Credit with an advance of $10,000 or more OR take an advance on your existing Home Equity Line of Credit of $10,000 or more and you will be entered into a drawing to have your August loan payment on us! (Maximum payment of $500.00)

We lend up to 90% of the equity in your home (equity available is determined by FECU guidelines). You can choose to open a Line of Credit with a variable rate or a fixed term loan with a fixed rate. There are no closing costs in most situations; however, some restrictions may apply. The funds can be used for most anything, such as remodeling, tuition, bill consolidation, vehicles, etc. The interest you pay can be tax deductible (consult a tax advisor). These loans are available to members that own a home in Minnesota, Arizona, Georgia, Kansas, Missouri, and Indiana.

CLICK HERE to get started with your application

When submitting your application, please include:
1. Your most recent property tax statement
2. Your most recent paystub for each borrower (or two years tax return for self-employed borrowers)
3. Your homeowner’s insurance agent and annual premium.

CLICK HERE for our current rates! *

FECU will donate $1 for every funded loan to support the Federated Challenge!

*APR = Annual Percentage Rate. Rates subject to change. Fees or other conditions could reduce the earnings on the account. Term of loans may vary based on applicant's credit history. Other conditions may apply. An example of a 5-year fixed rate home equity loan monthly payment at the quoted rate would be 60 monthly payments of $380.00 on a $20,000 loan. These loans are not available in all states. Must take an advance of $10,000 or more from new or existing Home Equity Lines of Credit.