Home Equity Line-of-Credit (HELOC)
Our HELOC is a terrific way for members to use the equity in their home to make home improvements or have access to cash for other needs. We offer a very competitive HELOC rate and we pay the closing costs!
If you are already a member you can apply now by filling out our online application.
- The minimum HELOC is $10,000 and the maximum is $75,000.
- This is an adjustable rate line-of-credit with an initial minimum disbursement of $5,000 and $500 minimum disbursements thereafter.
- Properties must be owner-occupied, and the HELOC credit line and any first mortgage must be the only liens on your home, and together total 90% or less of the property's appraised value.
- In most cases, interest paid on a HELOC is tax-deductible (subject to IRS guidelines)
For more information please contact Benat ">pooc.eeseneg@nad call 585-461-2230 ext 115
Our Members make the difference.
Member Since 2004
"When I first came to the credit union and talked to one gentleman, he was so amicable and welcomed me with a warm reception. I have stayed solely because of the employees. All of them, without any discrimination are welcoming, friendly, amicable people. Everyone is suitable for the job as I see it from the front desk, the tellers and supervisors. I also get the advantage of having my tax return prepared for which I thank you all solicitously."