Unleash Your Home's Potential With Our Special Home Equity Line Of Credit Offer.
04/04/2025
Need a ready source of cash for home improvement, bills, college tuition and more? Then take advantage of our special Home Equity Line of Credit offer.
Variable-Rate Lines of Credit of $5,000 or more
at 4.99% APR for 6 months then as low as Prime.*
Write checks against your line for up to five years, and take up to 15 years to repay. Lines with interest-only payments are also available at different rates and terms.
No closing costs or up-front fees. With our great rates, you can borrow up to 80% of your home's current market value less your first mortgage balance. Borrow up to $150,000 if you have a first mortgage or up to $500,000 if you don't.
Apply by June 30, 2025.
Not a Central Credit Union member?
Call (708) 649-6427 to apply.
If you are a member, click here to apply now.
*4.99% APR introductory rate is in effect until after the sixth regularly scheduled payment. After the introductory period, the regular APR will vary as low as Prime on credit lines of $99,000 or more, Prime plus .25% on lines of $50,000-98,999, Prime plus .75% on lines of $25,000-$49,999 and Prime plus 1.50% on lines less than $25,000. Rate can change monthly and is based on the Prime Rate as published in the Wall Street Journal. On 3/1/25 the Prime Rate was 7.50%. Minimum APR will be as low as 3.99%. Maximum APR: 18%. Initial advance must be at least $5,000. Subsequent advances must be at least $500. Minimum monthly payment: $120. A $50 annual fee is waived the first year and then becomes effective for the remaining four years of the draw period. Members who refinance must take out the required $5,000 initial advance at the time of loan disbursement. Qualified members can borrow up to 80% of their homes’ equity less their first mortgage balance up to $150,000 with a first mortgage and up to $500,000 without. Amount financed is subject to credit and property approval. Homeowner’s insurance is required. There are no closing costs or up-front fees, however, if you close your line of credit within two years of its opening, you will be required to reimburse the credit union for certain third-party fees up to a maximum of $500.