Access cash with the equity in your home

Apply for a Home Equity Loan Today!

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Put your home's equity to work! Use the cash in your home to pay for those big-ticket items that pop up in life:

Home improvements Cover large expenses Save money
Remodeling projects or home repairs  Medical, car repairs, wedding or education Consolidate debt to pay off high-interest credit card balances

Choose the option that works best for you:

Home Equity Line of Credit

Get ongoing access to funds with a revolving line of credit secured by the equity in your home.

Home Equity Loan

Opening a home equity loan gives you a lump sum amount at a low, fixed interest rate.

  • 5, 10, 15, and 20-year terms available
  • View balances and make payments within online banking
  • Competitive rates. View all rates and terms


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. 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.

NMLS ID: 692733

Have more questions about a home equity loan or line of credit?

Are there any prepayment penalties?

Nope! Though there are no prepayment penalties, some Home Equity Line of Credit products may have an Early Closure Fee.

How long does it take to close on a HELOC or home equity loan?

It should take no longer than four (4) weeks from application to closing.

What are the costs of obtaining a HELOC or home equity loan?

Costs vary by state and product type. Contact us at 847.576.5199 for your customized quote.

Is the interest rate on a HELOC Fixed?

No. The interest rate is a variable rate subject to change on a monthly basis. When the interest rate changes, it changes the monthly payment amount.

What is the difference between a HELOC and a Home Equity Loan?

The HELOC is an open-ended mortgage. A home equity loan is a closed-end mortgage. On the HELOC your payment is based on the interest rate and payment option chosen at the time the loan is issued. It could be interest-only payment options or principal and interest payment options. You can continue to use the available dollar amount on the line for 10 years. In other words, the HELOC can be repaid, and then you can borrow the money again and again. With a home equity loan, you take the full amount of the loan at closing, and interest starts accruing on a daily basis and repaid on a fixed monthly basis.

What is the interest rate on the Home Equity Line of Credit (HELOC)?

The current interest rate is posted on our rates page.