Receive a one-time lump sum with predictable monthly payments and a fixed interest rate—ideal for major one-time projects or debt consolidation.
Enjoy continuous access to a revolving line of credit that lets you borrow, repay, and reuse funds as you need them.
| Feature | Home Equity Loan | HELOC
(Home Equity Line of Credit) |
|---|---|---|
| How You Receive Money | Lump sum (all at once) | Draw funds as needed |
| Interest Rate | Fixed | Variable at CCCU |
| Payment Structure | Fixed monthly payments | Payments billed at 1% of balance |
| Best For | One-time expenses (e.g. renovation, new roof) | Ongoing or unexpected expenses |
| Access to Funds | One-time access | Reusable line of credit |
| Budgeting | Predictable | Variable (based on balance) |
Joining is quick and simple. Apply online today
and open your new checking account.
Opening an additional account is fast and easy.
Two easy ways to open:
1. Log into Online Banking, navigate to the
Accounts menu and select Open an Account.
2. Or visit any of our convenient branch locations
to speak with a team member in person.
