The new Hybrid Home Equity Line of Credit (HELOC), which became available in December, combines the best of both worlds: enjoy the features of a Home Equity Line of Credit, along with the peace of mind of a fixed-rate Home Equity Loan.

How does it work? The Hybrid HELOC is a base HELOC with a variable rate, which allows portions of the HELOC balance to be locked-in at fixed rates, terms, and payments. It benefits CEFCU members because it combines the top advantages of Home Equity offerings. It offers the flexibility to draw only what you need, when you need it; plus, the option to lock-in your balance, which gives you ease of budgeting and a freedom from worry.

With a Hybrid HELOC, you can use the value in your home for those much needed home repairs, major purchases or tuition — and so much more. You also enjoy easy access to your Home Equity funds with CEFCU On-Line® and Mobile Banking.

So what will happen with the current HELOC and Home Equity Loan? Those products were no longer offered after December 14, 2021, making the Hybrid HELOC our single and universal Home Equity product. Bridge Loans and Lot Loans will still be available, and any current HELOCs and Home Equity Loans will remain at the same terms.

The Hybrid HELOC has no annual fee, no early payment penalty, and no termination fee. Get started today at!