Skip to main content.
Link to CEFCU Home Page

If you are using a screen reader or other auxiliary aid and are having problems using this website, please contact us at 1.800.633.7077.

Visit our accessibility help page.

Help Cover Life Events

Help Cover Life Events

A CEFCU Hybrid 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 10 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 Hybrid Home Equity Line of Credit (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 Hybrid HELOC is 25 years, consisting of a 10-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 Hybrid HELOC 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.

Hybrid Home Equity Line of Credit (HELOC) is available in every state except Texas. No Home Equity products are available in Texas.