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Credit Union Home Equity Line of Credit
Borrow what you need, when you need it
Be prepared for big or unexpected expenses—from college costs to a major remodel
Is a home equity line of credit right for you?
Today's rates
APR as low as1
7.75%With a home equity line of credit, you can tap into the money any time you need it, borrowing only as much as you need. You can use the money for anything from remodeling your home to paying for college.
HELOCs are great when you know that you’re going to have ongoing expenses. You can access the money at a branch, ATM, online, or by phone.
How it works
1
Create an account and complete your application
Enter your information to get the process started.2
Get approved
We’ll review your application and give you an answer in about a week. 23
Use the funds
If you’re approved, you’ll have access to the money in about 30 business days.3Home Equity Line of Credit FAQs
No, there are no limitations on how you can use the money from a home equity line of credit. While many people use their home equity line of credit to finance a remodel, you can also use your it to consolidate your debts, pay for college or other education costs, or cover any other large or unexpected expenses.
In many cases, we can give you an answer in about a week. However, if we have to ask for additional paperwork to support your application, then your decision could take a little longer.
With a home equity line of credit, you’re using your home as collateral. If something happens and you default on the payments, the lender can foreclose, and you would lose your home.
It’s also possible that the value of your home could decline over time. If that happens and you need to sell your home, you could owe more money than your home is worth.
Your credit score affects the interest rate you qualify for when you apply for a loan or line of credit. With a higher credit score, you can usually qualify for a lower interest rate, which lowers your monthly payment and reduces the overall cost of borrowing.
If you’re not sure what your credit score is, you can request a free copy of your credit score every 12 months from https://www.freecreditreport.com/. If your credit score isn’t as high as you’d like it to be, here are some tips for improving your credit.
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Contact us
Call 888-425-9813 or fill out this form to get in touch with a real estate specialist at Global to discuss a home equity loan, home equity line of credit (HELOC), or land loan.
1Rates valid as of © August 28, 2026. Membership required. Subject to credit approval and membership eligibility requirements. Membership minimum deposit is $5. Annual Percentage Rate (APR) may be based on the index rate, plus margin. Index rate is based on the Prime Rate. Prime rate is a variable rate based on the Wall Street Journal Prime Rate as published on the Wall Street Journal. On December 11, 2025 that index was 6.75%; resulting APR with a margin of 1.00% is 7.75%. Floor rate is 4.0%. APR will never exceed 18.00%. This is a variable rate and therefore subject to change without notice. With all new HELOC applications a $99 Processing Fee will apply. 10-year draw period for the line of credit converting to a 20-year fully amortizing loan with fixed principal plus accrued interest payments. Actual rates, margin, and APRs dependent on credit history, type of product, loan term, combined loan-to-value (CLTV), occupancy, and type of collateral. “As low as” rates assume excellent borrower credit history and a maximum CLTV of 70%. Alternative rates and terms are available. Subject to program terms and conditions. Restrictions apply. See Home Equity addendum and Home Equity Line of Credit Agreement for complete details.
2Loan decision may take longer if additional documentation is required to prove creditworthiness.
3 Deposits may take longer if we cannot verify your account information.