Home Equity Line of Credit

For all of life’s big-ticketed projects, a Home Equity Line of Credit (HELOC) is the perfect solution. It gives you the flexibility to use it when you need it, and let’s face it… life happens.

There are the things you plan for, such as home remodeling projects, college tuition, vacations and weddings. Then there are those unexpected expenses, such as medical bills, vehicle repairs and other emergencies. You deserve the peace of mind knowing that you can take care of any need – planned or unexpected.

Tied to your home, HELOC rates tend to be lower than credit cards or personal loans. And as a line of credit, you only pay interest on the amount you’ve borrowed. There are no restrictions on how funds are used, and Welcome Credit Union offers zero closing costs.*

Dream big. Spend small.

With a Home Equity Line of Credit, we’ve got your back.

Key Features

  • icon images Low Rates*
  • icon images No Closing Costs
  • icon images Quick Access to Your Funds
  • icon images No Origination Fee
  • icon images Friendly Service
  • icon images Use Up to 100% of Your Available Equity

  • Home Equity Line of Credit

    • Ideal for home renovations, educational costs and other big expenses
    • Borrow as you go; withdraw and repay as needed
    • Competitive variable-rate* terms typically lower than a standard credit card or personal loan
    • Borrow up to 100% of the equity in your home
    • No closing costs or origination fees*
    • Borrow up to 75% of the equity in your second or vacation home (no rental/investment properties)
    • Interest may be tax deductible (consult your tax advisor)
    • Open a Home Equity Line of Credit
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*This plan has a variable rate feature and the Annual Percentage Rate (corresponding to the periodic rate) and the minimum payment may change as a result. The APR is accurate as of January 31, 2023. The Annual Percentage Rate is based on your creditworthiness, the value of an index and the combined loan-to-value. The index is the Prime Rate published in the Money Rates column of the Wall Street Journal. When a range of rates has been published, the highest rate will be used. We will use the most recent index value available to us as of the last business day of January preceding any annual percentage rate adjustment. No interest is charged until you use the funds.

To determine the Annual Percentage Rate that will apply to your account, we add a margin to the value of the index. If the rate is not already rounded, we then round up to the next .25%.

The Annual Percentage Rate can change annually on the first day of May. The rate cannot increase more than 1.0 percentage point in any one-year period. The Annual Percentage Rate cannot increase more than 5.0 percentage points above the initial rate. The maximum APR for a home equity line of credit is 15.0%. The minimum APR is 3.0%.

If the credit line is closed by the member and the deed of trust released within 24 months of the loan origination date, the member will be required to pay $500.00 towards the closing costs that were paid by WFCU on the member’s behalf.  If that event occurs, the $500.00 will be added to the payoff amount.

Federally insured by NCUA. Equal Housing Lender. NMLS# 411459

Welcome Federal Credit Union will be closed on Monday, June 19 in observance of Juneteenth.

Please be advised of our holiday hours for Independence Day: all WFCU branches will be closed on Tuesday, July 4. The Zebulon-GSK branch will be closed July 3 - July 7.

The Zebulon-GSK branch will be closed July 3 - July 7 for the Independence Day holiday.

Now is the time to get the best returns on your cash with higher interest rates on your Certificate & Money Market accounts!   

Welcome Federal Credit Union will be closed on Monday, September 4 in observance of Labor Day.

Now is the time to get the best returns on your cash with higher interest rates on your Certificate & Money Market accounts!   

Welcome Federal Credit Union will be closed on Monday, October 9 in observance of Columbus Day.

Now is the time to get the best returns on your cash with higher interest rates on your Certificate & Money Market accounts!   

Welcome Federal Credit Union will be closed on Friday, November 10 in observance of Veterans Day.

Now is the time to get the best returns on your cash with higher interest rates on your Certificate & Money Market accounts!   

Welcome Federal Credit Union will be closed for the Thanksgiving Holiday on November 23 & 24, 2023.

Now is the time to get the best returns on your cash with higher interest rates on your Certificate & Money Market accounts!   

As we close out 2023 and think forward to 2024, WFCU would like to wish all of our members and their families a wonderful holiday season and a prosperous New Year! Please be advised of our holiday schedule.

Now is the time to get the best returns on your cash with higher interest rates on your Certificate & Money Market accounts!   

Now is the time to get the best returns on your cash with higher interest rates on your Certificate & Money Market accounts!   

Now is the time to get the best returns on your cash with higher interest rates on your Certificate & Money Market accounts!