Existing Members
Log into CU Online and click on Self Service. Next click on Open Additional Accounts under the Member Requests section.
Contact the Member Contact Center at 800-475-1150, email us at memberservices@collinscu.org, or stop into any Collins Community CU location.
Use the equity in your home to achieve your unique financial goals with a Home Equity Line of Credit
A Home Equity Line of Credit, also known as a HELOC, is a variable rate revolving line of credit, which can be used much like a credit card. Simply write a check or transfer funds from your HELOC into your checking account as needed up to your approved credit limit. And, as you repay your line of credit the funds become available to borrow again with no need to reapply during the draw period. The maximum credit limit can be the higher of 90% of the Automated Valuation Model (AVM) or Appraised Value, less prior liens. The interest you pay on your Gold Equity Access Line may be tax-deductible. (Consult your tax adviser.)
Low fees
Low rates
Important Legal Disclosures
AVM = Automated Valuation Model
*APR = Annual Percentage Rate. APR is variable. Rate may vary based on credit score, type of loan and term, and is subject to change. Certain restrictions apply. Must be or become Collins Community CU member to obtain loan. All loans subject to approval and based on credit. Home Equity Loans are available on owner-occupied dwellings located with the credit union's community charter. Proof of homeowners insurance required. Member will pay title search, flood search, recording fee and property valuation when applicable. Closing costs may range from $236.00 to $1,000.00 in Iowa. There are no application, annual, maintenance or transaction fees associated with this account.
The Gold Equity Access Line variable rate is based on the Prime Rate with a variable-rate minimum APR of 4.00% and a maximum APR of 11%.
Payment example: $15,000 with a 10 year variable rate, amortized over a 10 year term at 8.00% APR, the monthly payment will be $150.00.
Apply Now
Existing Members
Log into CU Online and click on Self Service. Next click on Open Additional Accounts under the Member Requests section.
Contact the Member Contact Center at 800-475-1150, email us at memberservices@collinscu.org, or stop into any Collins Community CU location.
Get Gold Equity Access Line today
Find out how to Apply for Gold Equity Access Line and start enjoying it!
Financial Education & Resources
How much should I be saving for college?
CalculatorsShould I refinance my mortgage?
CalculatorsMortgage Calculator
CalculatorsHow much home can I afford?
Calculators
What's New
Get to Know Gives Back
25 April 2024Discounted Adventureland Tickets
24 April 2024ATM to ITM Upgrades Coming
15 March 2024