Home Equity Line of Credit

Borrow smart when you can, and let the equity in your home go to work for you. Home equity loans have no prepayment penalties, and the interest may be tax deductible (consult your tax advisor for details).
When you need availability of funds over a period of time, and the flexibility to borrow money on multiple occasions, then a Home Equity Line of Credit (HELOC) is your answer. A HELOC is an ideal loan for ongoing home improvement projects, uncertain long-term expenses, or convenient access to funds whenever you need them.

The SLCCU HELOC Loan offers borrowers the following benefits:

  • Introductory rate as low as 2.99% APR for one year¹
  • Qualified buyers pay no closing costs2
  • Enjoy affordable payments that include principal and interest
  • Borrow up to 90% of your home’s value, minus any home loan debt
  • Every loan helps the community


1APR=Annual Percentage Rate. Subject to credit approval. Introductory APR available on new lines of credit only and is based upon underwriting criteria. After 12-month introductory period, APR may vary monthly for the remaining life of the loan between Prime Rate and Prime Rate plus a margin up to 2.50% based upon underwriting criteria and loan to value (LTV) at time of appraisal. Home equity line of credit features variable rates that are based on the Prime Rate as published in the Money Rates section of The Wall Street Journal, and are subject to change. As of 2/6/19 the Prime rate was 5.50%. APR may vary but will not exceed 14.00%. Minimum loan amount is $15,000. Finance charges begin the date a transaction is posted to your account. Properties securing home equity lines of credit must be in St. Louis City, St. Louis County and select counties in Illinois. Property insurance will be required and flood insurance where necessary. Consult a tax advisor regarding tax deductibility. Refinancing available from other institutions only. St. Louis Community Credit Union’s NMLS ID# 616755.

2Applies to new credit lines of $15,000 or more and excludes appraisal if required.