Home Equity Line of Credit or Loan

Need extra cash? Take advantage of the low interest rate – Use the equity in your home to fund your next project.

Use the funds for anything you need!

  • Cover unexpected expenses
  • A home improvement
  • Vacation
  • Consolidate high-interest debt
  • Anything!

what is a heloc
APPLY NOW using our quick, online application!
or give us a call at (402) 492-9100.

Rates subject to credit and amount of equity in your home. Home Equity Lines of Credit (HELOC’s) or Home Equity Loans are available for primary residences located in Nebraska or Pottawattamie County, in Iowa. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. Other restrictions may apply. All loans subject to approval. The actual amount of your line/loan will be determined by the amount of equity in collateral. Applicants are responsible for cost of appraisal, if required. The closing costs depend on the location of the property and the amount of the equity line/loan. For lines/loans up to $100,000, closing costs typically range between $225 and $1,000. Property Insurance is required. Consult your tax advisor for deductibility of Interest. You must be a member of the Credit Union to obtain a loan. There is a $5.00 minimum balance required in your share savings when you become a member. New money only. Rates as of 6/12/2020.
1) Premier HELOC’s are variable rage products and the APR may change. The APR is based on the Wall Street Journal Prime, which is currently at 3.25%. The APR is subject to change semi-annually on January 1 and July 1, based on most recent index available 10 days before the date of APR adjustment. Rate cannot increase or decrease more than 2% in any one year except after 12 month discounted period. The APR for 80% CLTV is Prime Rate + 0% margin. The minimum rate is 3.99%, unless discounted for the first 12 months. Qualifications for 12 month discounted rate based on CLTV and credit score. The maximum APR that can apply is 9.50%. Payments based on 1.50% of the outstanding balance at the end of statement cycle or $25 whichever is greater. Interest is charges from the date of loan advance and is calculated on the balance owed each day. Minimum payment may no repay principal which will result in a balloon payment at the end of the repay period. As the end of the 120 month draw period, line enters ap repayment period up to 120 months.
2) APR=Annual Percentage Rate. Payment Example: For a $25,000.00 dwelling secured loan for a term of 60 months at 3.71%APR, the monthly payment will be $457.14. All payments calculated with loan-to-value of 80%. Rates are higher for LTV over 80% or terms greater than 60 months. Terms up to 180 available. Must have FNCU checking account with direct deposit and automatic loan payment. Members without a checking account, direct deposit and automatic loan payment may receive a slightly higher rate (.25%). Payment example does not include amounts for taxes and insurance premiums, if applicable, the actual payment obligation will be greater.