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Help Cover Life Events

Help Cover Life Events

A CEFCU Home Equity Line of Credit can put you in control of all those important life events. You can use the money for:

  • College tuition
  • Weddings
  • Medical expenses
  • Emergencies
  • Home improvement
  • Home repairs
  • Retirement cushion
  • Business ventures


You get a line of credit you can use for up to eight years*, and you only pay interest on the funds you use. Plus, you can enjoy:

  • No closing costs**
  • No hidden fees
  • Great rates
  • Personal service
  • No early pay-off penalties
  • Maximum flexibility

Apply online today!

*The amortization term on a CEFCU HELOC is based on the credit line balance as follows: $1,000 to $10,000 — five years; $10,001 to $25,000 — 10 years; $25,001 and more — 15 years. Minimum monthly payment amount for credit line balance is $100. The term on a CEFCU HELOC is 23 years, consisting of an 8-year draw period followed by an up to 15-year repayment period. You will be required to make minimum monthly payments during both the draw and repayment periods.

**CEFCU’s closing cost assistance offer is available for a limited time for qualified CEFCU members in good standing who are opening a Home Equity Credit Line (HELOC) or Fixed-Rate Home Equity Loan of $10,000 or more using their owner-occupied home as collateral. To qualify, the home being used as collateral may not be for sale; Bridge Loans and Lot Loans are not eligible for closing cost assistance. Property insurance is required and not included in closing costs. Closing cost assistance excludes Transfer Taxes or Mortgage/Intangible Taxes (applicable in certain states but not applicable to Illinois or California properties). Contact CEFCU for details, including more specific information about third-party fees.