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Loans & Credit Cards

Home Equity Line of Credit

Ask your home for a loan.

Financial Center’s Home Equity Line of Credit (HELOC) works similarly to a credit card. You can borrow up to an approved line of credit (up to 80% of your home’s value) for the first ten years.

After the initial draw period of ten years, you’ll have several options to repay the outstanding loan amount. First, the line of credit can be automatically converted to a term note and be paid back up to fifteen years from the date of the last advance. Or, upon loan qualification, the line of credit account can be reestablished for your use. Your payments will vary depending on the variable interest rate and how much credit you have used.

Benefits of a HELOC include:
• Convenience - checks or VISA® Gold Home Equity Card
• Up to 80% of home value*
• Interest may be tax deductible*
• No closing costs**

We invite you to stop by one of our Centers, or call and let us show you how we can make borrowing money easy for you.



* Subject to underwriting guidelines. Rates may vary depending on the amount borrowed and the equity in your home. Property insurance is required. Indiana residents only. Borrower's primary residence only. Consult your tax adviser regarding deductibility of interest. The variable ANNUAL PERCENTAGE RATE is subject to change monthly and minimum monthly payments can change as a result. Maximum ANNUAL PERCENTAGE RATE on the Home Equity Line of Credit not to exceed 18%.
** Your account requires title, appraisal, flood and recording fees. These closing costs will be paid by Financial Center. If the line of credit closes within 24 months, you will be required to reimburse Financial Center for closing costs.


Your savings federaly insured to at least $250,000 and backed by the full faith and credit of the United States Government: NCUA, Equal Housing Lender, ESI