Gold Equity Access Line

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New Members

Open an account to start earning extra cash!

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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 advance is the higher of 90% of the Automated Valuation Model (AVM), 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 $326.00 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 minus 0.25% with a variable-rate minimum APR of 4.00% and a maximum APR of 15%.

Payment example: $15,000 with a 10 year variable rate, amortized over a 10 year term at 4.50% APR, the monthly interest only payment will be $57.33.