Home Equity Line of Credit

SCU Makes Getting a HELOC easy.

Plus - You'll be entered to win $2500

*Open a new HELOC or increase the limit on your existing SCU HELOC in conjunction with a new Checking or Money Management Account and you'll be automatically entered to win a cool $2,500 CASH!

No closing costs

For a limited time, SCU will pay all normal closing costs on new Home Equity Lines of Credit. On refinances of existing State Credit Union Home Equity Lines of Credit, the credit limit would need to be increased by at least $10,000 to avoid closing costs.


Enjoy an introductory rate of 4.50% APR. After one year, rate will revert to the regular variable rate (maximum 18.00% APR).

Drawing to win $2,500 cash
*Open a new HELOC or increase the limit on your existing HELOC, and open a new Checking and/or a Money Management Account with a minimum of $1,000 deposit within 5 days of the HELOC booking and you will be automatically entered to win $2,500 cash!  The $1,000 deposit must remain in the account until the drawing date. Drawings to be held quarterly on the second Wednesday of the month of the next quarter.  The first drawing will be held January 10, 2024.  Winners will be notified via phone call.  We reserve the right to use winners' photographs for publicity purposes including social media.  A 1099-MISC will be provided to the winner in 2025 for the 2024 tax year.

HELOCs are Variable Rate Products
The regular variable rate is the Prime Rate, as reported by the Wall Street Journal, plus 1.00% APR. As of 7/26/2023, the Prime Rate was 8.50%, therefore the regular variable rate would be 9.50% APR. Rates adjust quarterly if there is a change in the Prime Rate.

Flood/property/hazard insurance may be required.

Why a home equity line?

The Funding You Need

Borrow up to 85% of your home's value, minus existing mortgage(s).


Write a home equity check for $100 or more.

No Extra Charges

No prepayment penalties; no annual fee.

Easy Application

We make the process stress-free.

Get a Home Equity Line of Credit

Apply Online

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