A home equity line of credit (HELOC) is best for Members who need money periodically. This is the case in lengthy home remodeling projects when you pay the contractor two or more times. Or perhaps you need cash at the beginning of each semester over the next four years as the kids head off to college. Home equity lines of credit are also an excellent choice for emergency preparedness funds. A HELOC gives you the flexibility to borrow what you need, when you need it.

BEST CHOICE IF

• You plan to use money periodically over time
• You only want to pay interest based on the amount of money you’ve used
• You want to take advantage of a loan that offers the benefits of both a fixed rate and adjustable product^*

• Flexibility – take the option of receiving cash in one sum, or access your account at any time for any expense
• Rates as low as 5.99% APR^*
• Low or no closing cost options
• No application fee
• Phone application available 24 hours, 7 days a week
• Fast approvals (most in less than 10 minutes)
• Your credit history is only accessed by SCCU
• One statement for all your accounts credit
• Low initial draw requirement