Home Equity Line of Credit

Home Equity Line of Credit Bubble Icon

USE YOUR HOME
FOR MONEY YOU NEED.

3.75% APR* Introductory rate in effect until 5/31/2019

4.75% APR* Non-promotional rate

You can have access to funds without dipping into your savings or investments. If your home has equity, a Home Equity Line of Credit (HELOC) from Unison Credit Union is a great option. The best thing (besides the great rates)? We cover the closing costs*!


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A HELOC is a great way to have the money you want to:

  • make home improvements
  • consolidate debt
  • buy a new car
  • and much more!

Member Advisors at Unison Credit Union guide you to accessing the equity you’ve worked so hard to build up. You’ll find Unison Credit Union locations throughout Northeast Wisconsin, including WrightstownLittle Chute, Grand ChuteDe PereKaukauna (North), and Kaukauna (South).

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Select "Home Equity" on the loan application page.

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.

What are the details of this Unison HELOC?

Generally, credit lines have a variable interest rate that fluctuates over the life of the loan. Until May 31, 2019, the interest rate for this promotional HELOC is locked in. After May 31, the payments will vary depending on the interest rate and how much credit you’ve used.

You access monies in your Unison HELOC by making advances in person, CU by Phone, or through It’s Me 247 and the Unison mobile app. Advances are transferred to the account of your choice.

You need to take an initial advance of at least $1,000. However, you do not need to maintain a minimum outstanding balance.

There is a 6-year draw period on this HELOC. You can make advances for approximately 6 years until the loan is renewed, converted to a traditional home equity loan, paid off and closed, or paid off in the event you sell your home.

*Subject to credit approval; 3.75% APR is an introductory, variable rate, subject to change based on an index every 12 months. Max APR equal to prime, not to exceed 18%. UCU pays closing costs up to $400. Property insurance required and not included in closing costs. Minimum 20% home equity. New money only. Monthly payment is 1% of balance at last draw, min. $50. Membership eligibility required. Limited time offer. Insured by NCUA. Equal Housing Opportunity Lender.

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