You’ve worked hard to build up equity in your home. With the guidance of Member Advisors at Unison Credit Union, you can create a line of credit up to a certain amount. Access your Home Equity Line of Credit with a teller, by using It’s Me 247 Online Banking, or by using CU by Phone. You’ll find Unison Credit Union locations throughout Northeast Wisconsin, including Wrightstown, Little Chute, Grand Chute, De Pere, Kaukauna (North), and Kaukauna (South).
How is a HELOC different from a traditional home equity loan?
Think of a HELOC like a credit card. For the life of the HELOC (a time limit set by Unison), you can borrow up to a certain amount and use the money for whatever you choose. As you pay off the principal, your credit revolves, and you can use it again.
Here’s an example:
You secured a $15,000 line of credit.
You borrow $10,000, but then pay back $3,000 toward the principal.
You now have $8,000 in available credit.
And HELOC also has these great features:
Member Advisors who guide you through the entire process
Bi-weekly payment options
No pre-payment penalty
Interest may be tax deductible (restrictions apply, see a tax professional for details)
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Targeting and advertising cookies are specifically designed to gather information from you on your device to display advertisements to you based on relevant topics that interest you. Advertisers will place these cookies on a website with the website operator’s permission.
Analytics cookies are used so online services can collect information about how people access them – for example, the number of users on a website, how long they stay on the site for, and what parts of the site they visit. This is also sometimes known as ‘web audience measurement’.
Functional cookies are cookies that ensure the proper functioning of the Website (e.g. cookies for login or registration, language preferences) and their installation does not require your permission. Non-functional cookies are cookies that can be set for statistical, social, targeting and commercial purposes.
Performance cookies are cookies used specifically for gathering data on how visitors use a website, which pages of a website are visited most often, or if they get error messages on web pages. These cookies monitor only the performance of the site as the user interacts with it.