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Home Equity Loans

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Home Equity Loans

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You've spent time and effort increasing the value of your home, so why not utilize your asset to your advantage? A home equity loan is a smart way to finance home improvements or any large expense.

Line of Credit

Introductory rate as low as 4.49%APR* for the first 6 months!

Enjoy the flexibility of a home equity line of credit. A line of credit provides immediate access to funds, as you need them. Interest is calculated on the outstanding balance, which can be paid down at anytime. A home equity line of credit is attractive to homeowners who anticipate future expenses and want to advance funds periodically. CCU offers very attractive rates and, unlike other lenders, does not charge an annual fee. Take advantage of an intro rate as low as 4.49%APR* for the first 6 months of your line of credit loan. 

View all Line of Credit rates and terms available.


A fixed-rate home equity loan allows borrowers to lock in current home equity market rates, at a variety of terms. Loan funds are disbursed at closing with the rest of the loan term reserved for repayment only. A fixed-term, fixed-rate home equity loan is a great option for those not needing the flexibility of future advances and who desire a set monthly payment and term. CCU is currently offering fixed rates as low as 4.75%APR!

View all Line of Credit rates and terms available.

CCU's Home Equity Programs Offer:

  • Competitive rates
  • No annual fee
  • Possible Tax-deductible interest. Please consult with a tax advisor regarding deductibility of interest.
  • Interest-only payment options
  • Easy access to lines-of-credit via Online Banking

Check out our HELOC Frequently Asked Questions page for line of credit loans.

For more information or to apply by phone, please call 877.ASK.CCCU (877.275.2228).

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*The promotional intro rate is "as low as" and is good for the first 12 months from the time the line of credit us made available to the borrower. Intro rate is based on credit worthiness and combined loan-to-value (CLTV). Thereafter, the APR will vary monthly based on the prime rate (as published in the Wall Street Journal) plus or minus a margin, or 4.0%APR, whichever is higher, with a maximum APR not to exceed 21%. Actual rate is based on credit worthiness of borrower and loan-to-value. The intro rate offer does not apply to first mortgage loans and is not available to applicants refinancing a current CCU home equity loan. Rates and promotional terms subject to change and may be discontinued without notice.

All loan requests subject to Loan Review Committee and Guidelines. Actual rate and term based on creditworthiness of borrower and percentage of loan-to-value; rates subject to change without notice. CCU does not charge an application fee; however, an appraisal fee may be applicable. Appraisal fees vary between $300 - $550 on average. Offer available for real estate in Illinois and Wisconsin only. Please contact a CCU representative for additional information; consult your tax advisor about the possible deductibility of interest. APR=Annual Percentage Rate. Equal Housing Lender.