With a HELOC, you can do it all.

CCCU's flexible Home Equity Line of Credit lets you put your home equity to work. Plus, for a limited time, CCCU is offering 4.99% APR for your first 12 months!*

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HOME EQUITY LINE OF CREDIT RATES

OWNER OCCUPIED | VARIABLE RATE
NON-OWNER OCCUPIED | VARIABLE RATE

Term

APR¹ (as low as)

Term

Quarterly

APR¹ (as low as)

6.99%

Term

5 Year

APR¹ (as low as)

7.50%

Term

15 Year

APR¹ (as low as)

8.75%

Term

APR¹ (as low as)

Term

Quarterly

APR¹ (as low as)

7.99%

Term

5 Year

APR¹ (as low as)

8.50%

Term

15 Year

APR¹ (as low as)

9.75%

[1] APR=Annual Percentage Rate. All variable rates based on the Prime Index, as published in the Wall Street Journal, and may adjust every quarter, every 5 years, or every 15 years with a maximum interest rate of 18%. Payments calculated on a 15-year or interest only repayment schedule during draw period. After draw period expires, then the loan is repaid based on a 15-year term. Rate subject to change without notice and based on member’s qualifications. Homeowners insurance is required for every line of credit. All loans subject to approval. Membership eligibility required. Refer to our Equity Loan Account Disclosure or contact credit union for complete details.

What You Should Know About HELOCs

Borrowing from the value of your home.

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Home Equity Line of Credit Benefits

Get the money you need to make the changes you want with CCCU's Home Equity Line of Credit (HELOC). If you have a plan today or if you want peace of mind for the future, a HELOC can help make it happen.

Tile installation at home, funded by a CCCU Home Equity Line of Credit.

Easy $ Access

Enjoy easy access to your money through online banking, our mobile app, or by visiting your local branch.

No Annual Fee

Save your cash! There's no annual fee when you access your Home Equity Line of Credit with CCCU.

Setup Fees Waived²

Using your home equity is an affordable lending option. Pay no set-up fees when your HELOC is approved!

Local Underwriting

Our local team of experts provides quick approvals helping you get your HELOC money, fast!

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Debt consolidation and so much more

Access your home equity with one simple application and use your funds to help you achieve your financial goals! While consolidating many outstanding debts into one streamlined loan payment is very common, HELOC's can be used for many purposes.

Education and tuition expenses
Home improvement projects
Credit card consolidation
Dream wedding
Debt consolidation
Anything you can imagine

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Pay for college tuition with a Home Equity Line of Credit.

Couple filling out an application for a Home Equity Line of Credit.

What is a HELOC?

A CCCU Home Equity Line of Credit (HELOC) is a great way to finance all of life's planned and unplanned events.

Our HELOC is a revolving source of money secured by the equity in your home, which you can access for up to 15 years. CCCU even allows you to lock in your rate for 5 or 15 years. After your draw period, you will have 15 additional years to repay the loan balance (your repayment period) in monthly installments. While you are able to borrow up to 80% of your home's appraised value, you are only required to take a minimum line amount of $10,000.

With a HELOC, the possibilities are truly limitless.

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Home improvement projects made easy

Take the edge off of your next home improvement project by relying on a CCCU Home Equity Line of Credit to get the job done right. Repairs, renovations, and remodels are less stressful when you know you have the flexibility of a HELOC on your side.

Access your line for small or large purchases throughout your entire project during your draw period.
With competitive HELOC rates, you can be confident you will complete your next project on budget.
Enjoy potential tax deductions on your interest payments. Be sure to consult a tax advisor for details.

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Home improvement project with a Home Equity Line of Credit.

Discover if refinancing is right for you!

Our Refinancing: A Comprehensive Guide to Help Leverage Your Home's Value checklist will help you learn valuable information about mortgage refinancing so you can be better prepared.

Ready to get started? Download your guide now:

What our members are saying:

“Securing a HELOC through CCCU was easy and well worth the time and effort. Their lending team supported a clear and easy path and explained all of the options up front so that we could make a good decision for our family.”

Hope B.

“Mark and his team at CCCU were fantastic in helping us secure a home equity loan on short notice. They were professional and patient in handling our many questions. Thanks, team!”

Chris T.

“I've never applied for a loan before, but today Katherine N. walked me through the process and made it pain-free and simple. She's amazing at her job: super helpful and kind, and you can tell from her voice she truly, actually cares. That matters to me, and it should probably matter to you, too. Even the atmosphere inside the CCCU building is welcoming and easy. I cannot recommend this place enough.”

Kell D.

HELOC Frequently Asked Questions

Am I eligible for a HELOC?

Because a HELOC is borrowed against the equity in your home, you must be a homeowner to apply for this type of loan. Other application consideration factors include your income, employment status, credit score and history, and how much you'd like to borrow.

What's the difference between a HELOC and a home equity loan?

Both a HELOC and a home equity loan use your home's equity as collateral. While a home equity loan is a fixed term loan that involves a single disbursement of funds, a HELOC is a revolving, variable line of credit that makes funds available for withdrawal and repayment over a set period of time.

Can I transfer a HELOC from another institution?

Yes, you can refinance your existing HELOC with CCCU. If you have a HELOC at another institution, contact us. In many cases, we’re able to offer a lower interest rate and could save you money.

How do I access my HELOC funds?

In order to access your CCCU line of credit, you must first transfer the funds from your HELOC to a CCCU checking or savings account. Once the transfer to your CCCU checking or savings account is complete, you’ll have access to writing personal checks and using your debit card with the transferred funds from your HELOC!

You can easily initiate a same-day transfer to your CCCU checking or savings account via online banking or the mobile app.

Do I receive the loan amount over time with a HELOC?

When the HELOC funds, the entire credit limit is available for disbursement. How you choose to use it is up to you. You can use all of it, some of it, or even leave it at a $0 balance for future use. Best of all, you only pay interest on the amount you actually use!

Will my interest rate change over time?

Like most HELOCs, our HELOC is an open-ended loan with a variable interest rate. This rate is based on the Wall Street Journal prime rate, plus or minus the margin. The frequency of when interest rate changes may occur will vary based on the HELOC structure you choose.

Refer to our HELOC rates (above) and Equity Loan Account Disclosure or contact credit union for complete details.

What type of HELOCs does CCCU offer?

We offer 3 different interest rate structures on our HELOCs. Our standard CCCU HELOC has a variable rate that adjusts every 3 months. We also offer an interest rate that adjusts once every 5 years, or once every 15 years based on your borrowing preference. These interest rates are based on the Wall Street Journal Prime rate, plus or minus a margin. For further details, refer to our HELOC rates (above) and Equity Loan Account Disclosure.

What will I need to complete my application?

You don’t need any documents to apply for a HELOC, but you will need to gather the following to complete your loan:

Income verification (pay stubs, W2s, taxes, etc)
Homeowners insurance information
Statement for your existing first mortgage (if applicable)

Will I have to pay an application fee?

We generally do not charge an application fee for consumer loan applications. When you apply for a Home Equity Line of Credit, there are some situations when a fee may be assessed.

Will I have to pay an annual fee?

No. CCCU does not charge annual fees on HELOCs.

How much time will I have to draw funds from the HELOC?

At CCCU, you can draw on your HELOC for up to 15 years. Payment options during the draw period include principal and interest or interest only. Refer to our Equity Loan Account Disclosure or contact credit union for complete details.

How much time will I have to repay the HELOC?

Fifteen years, beginning at the end of the draw period. Your monthly payment during this 15-year period includes principal and interest. Note that the APR continues to be variable and based on the Wall Street Journal prime rate, plus or minus the margin, which is provided with the original loan documents. Refer to our Equity Loan Account Disclosure or contact credit union for complete details.

DISCLOSURES

Membership eligibility required. All loans subject to credit approval. Rates based on creditworthiness and are subject to change without notice.

*APR= Annual Percentage Rate. Rates as of 06/01/2025, subject to change without notice. All loans subject to credit approval. New advances only. Not valid on existing CCCU HELOC balances. Rate will revert to standard HELOC rate after promotional period and then adjust based on your current interest rate structure once every quarter, 5 or 15 years based on Prime, currently 7.50%, with a maximum interest rate of 18%. Member responsible for appraisal cost if desktop appraisal does not achieve desired limit for the borrower. If line is closed within 3 years of the open date, borrower will reimburse the credit union for the closing costs. Offer valid on primary residences only. Homeowners insurance is required for every line of credit. See credit union for further details.

² CCCU will pay standard set up costs on HELOC up to $300 including a desktop appraisal (for primary residences only, minimum $20,000 limit required). If the line is closed within 3 years, the member will be required to reimburse those costs at the time of closing. If a full appraisal or other non-standard costs are necessary, borrower will be responsible for those charges. Refer to our HELOC Disclosures for full details or contact credit union.

Information and interactive calculators are made available as self-help tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to individual circumstances. All examples are hypothetical and are for illustrative purposes. Seek personalized advice from qualified professionals regarding all personal finance issues. Actual rate, payment and costs could be higher. Get an official loan estimate before choosing a loan. Contact credit union for more details.

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

With a HELOC, you can do it all.