For members that already own a home, you may qualify for a low interest, low cost, variable rate home equity loan. The loan is secured by the equity in your home. A maximum credit line is established and you may draw funds as you desire with a minimum withdrawal of $500.00. Interest is calculated only on the outstanding balance that is borrowed. Our home equity loan is a great choice for active money management with rates lower than credit cards or personal loans. Usually, the interest on a Home Equity Loan is tax deductible but check with your tax advisor to be sure. Funds may be used for any purpose such as a new car, college tuition, bill consolidation, home improvements and so much more.
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