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Home Equity Loans

Home Equity Loans vs. Home Equity Line of Credit (HELOC)

A Home Equity Loan or Home Equity Line of Credit (HELOC) is a great way to put your home’s equity to work for you. Whether you need money for home improvement projects, paying off high-interest credit cards, consolidating debt, or you want to take that dream vacation you’ve always wanted, we can help you choose the best option for your financing needs.

To help determine whether a HELOC or a Home Equity Loan is best for you, here are a few questions to ask yourself:

  • What is the length of time I will need the money? Is the loan intended for something short-term or long-term?
  • Do I manage my money well?
  • When do I need the money?
  • How much time will I need to pay off my loan?
  • What monthly payment can I afford?

Home Equity Line of Credit (HELOC) Variable Rate Program

A Home Equity Line of Credit (HELOC) is a great way access additional money when you need it most. A HELOC offers a variable rate line of credit that uses your home as collateral for the loan.  A Home Equity Line of Credit is a revolving line of credit, similar to a credit card. It allows you to draw funds only when it's necessary and avoid paying interest on any unused funds.

NCCU offers HELOCs designed to benefit our members!

  • No Annual Fees
  • No Draw Fees 
  • $10,000 minimum line of credit 
  • $500 minimum advance
  • Payments based on 1% of the outstanding balance (minimum $100)
  • Interest rates vary based on the Wall Street Journal prime rate index


If you prefer to download and print an application, please fax it to 970.330.3609 or drop it off at our Greeley Branch.


Home Equity Loans/Second Mortgages: Fixed Rate Program

A Home Equity Loan is best when you know the exact amount you'll need and the length of time you'll need it. A Home Equity Loan allows you to lock in a fixed rate with a consistent monthly payment over a set period of time, and your interest rate never changes. So, if you're not great at managing your money, a fixed-rate Home Equity Loan might be the way to go.

Contact one of our loan officers to help determine which loan is best for you!


If you prefer to download and print an application, please fax it to 970.330.3609 or drop it off at our SW Greeley Branch.


Helpful Information for Home Equity Loans

Home Equity Line of Credit Q&A

What You Should Know About Home Equity Lines of Credit

Home Equity Line of Credit Disclosure

For more information or questions regarding home equity loans, please contact one of our loan officers at 970.330.3900 or send an email to

*Introductory rate of 0.00% Annual Percentage Rate (APR) on Home Equity Lines of Credit (HELOC) is applicable from the date the loan is funded through 9/30/2017. Offer not valid for refinancing current loans at NCCU and borrowed amount may not exceed $50,000. After 9/30/2017 APR will adjust based on member’s individual qualifications and will vary based on the Wall Street Journal’s Prime Rate Index currently at 3.75%APR (published on 12/15/16), and a floor rate of 4.00%APR . Offer valid for HELOC applications submitted between 3/1/17–3/31/17 with a loan closing date prior to 4/30/17. $150 loan application fee will apply and rates are subject to change at any time. Please contact a loan officer for full terms & disclosures.