Home Equity Loans and Lines of Credit

You hold the key to unlocking your home equity.

Put your home equity to work

Your home’s equity is the difference between what your home could sell for and what you owe on the mortgage. You can access your equity to:

Pay off existing credit card debt
Consolidate your current credit cards at a lower rate, lower payment, and in one location.
Make home improvements or renovations
Now you can afford that room addition, add outdoor living space, or catch up on needed repairs, at a great low rate.
Pay for a college education
College costs are soaring, but your home equity can help bring them down to earth. Use it to set you or your children on firm financial ground.
Cover large medical expenses
With an unplanned medical expense, deductibles, co-pays, and bills can pile up in a hurry. Your home equity can help keep you afloat.

Home equity loan rates

Home Equity Loans
Draw Period	Repayment Period	APR* as Low as¹	Max LTV
*Annual Percentage Rate. ¹For the 60 month HELOC, Annual Percentage Rate is the Prime Rate as found in the Wall Street Journal with a minimum rate of 3.50% and a maximum of 18%. For the 120 month HELOC, rate shown is the Introductory Annual Percentage Rate for 12 months after which the rate will be the Prime Rate as found in the Wall Street Journal, with a minimum rate of 4.75% and a maximum of 18%. Rates may change without notice. Rates above are effective as of August 25, 2021. Age 18 or older, membership and credit qualification required. For a 60 month HELOC, the closings costs are 0.50% Loan Origination fee with a $200 minimum and costs incurred which range between $20 and $1,000. No initial draw required. Interest only or $100 minimum payment during the draw period. No annual fee, no maintenance fee. Interest rates adjusts quarterly. For a 120 month HELOC, the closing costs are 0.50% Loan Origination fee and costs incurred which range between $10 and $1,000. Minimum initial draw, $10,000 or credit limit. There is a $99 annual maintenance fee. The interest rate adjusts annually. During the draw period the minimum payment is interest only or $100 whichever is more. Property securing your HELOC must have full coverage insurance with Meridian Trust listed as a loss payee at all times. Terms and availability of both the 60 month and 120 month HELOCs are subject to change.
Draw Period 60 months	Repayment Period 120 months	APR* as Low as¹ 3.50%	Max LTV 85%or $500,000
Draw Period 120 months	Repayment Period 240 months	APR* as Low as¹ 3.99%	Max LTV 85%or $500,000

Second Mortgage Loans
Term	APR* as Low as
*Annual Percentage Rate. Rates may change without notice. Rates above are effective as of May 1, 2021. Age 18 or older, membership and credit qualification required. Other requirements may apply.
Term Up to 240 months	APR* as Low as 5.00%

Solar Panel Home Equity Loans
Draw Period	Repayment Period	APR* as low as	Adjust/Reprice	Max LTV
*APR = Annual Percentage Rate. Rates may change without notice. Rates above are effective as of May 1, 2021. Age 18 or older, membership and credit qualification required. Must have a credit score of 700 or higher. 85% Combined Loan to Value Limit or a maximum loan amount of $500,000. Must be the property owner where the solar panel system is installed. Loans require use of credit union approved licensed and certified contractor and installer. No payments start until installation is completed.
Draw Period 60 months	Repayment Period 120 months	APR* as low as 3.50%	Adjust/Reprice Monthly	Max LTV Lesser of 85% CLTV or $500,000

Unsecured Solar Panel Loans
Unsecured Solar Panel Loan Type	Term	APR* as Low as	Estimated Payment
*APR = Annual Percentage Rate. Rates may change without notice. Rates above are effective as of May 1, 2021. Age 18 or older, membership and credit qualification required. Must have a credit score of 720 or higher. 90% Loan to Cost Limit with a maximum loan amount of $30,000. Estimated Payment based on loan amount of $30,000. Must be the property owner where the solar panel system is installed. Loans require use of credit union approved licensed and certified contractor and installer. No payments start until installation is completed.
Unsecured Solar Panel Loan Type 10 Year Fixed Rate	Term 120 Months	APR* as Low as 5.00%	Estimated Payment $318.20
Unsecured Solar Panel Loan Type 12 Year Fixed Rate	Term 144 Months	APR* as Low as 5.50%	Estimated Payment $285.05
Unsecured Solar Panel Loan Type 15 Year Fixed Rate	Term 180 Months	APR* as Low as 6.00%	Estimated Payment $253.16

No Lien Home Improvement Loans
Term	APR* as low as
*Annual Percentage Rate. Rates may change without notice. Rates above are effective as of May 1, 2021. Age 18 or older, membership and credit qualification required. Other requirements may apply.
Term 60 months	APR* as low as 6.50%