HELOC Special

HELOC Special


Need some extra cash to spruce up your home, pay for education, splurge on a vacation, or to simply clean up debt? Our home equity lines of credit or HELOCs are open-end loans based on the value of your residence minus your mortgage balance. Eligible members can use these funds for substantial home improvements, large expenses, and other needs. Apply now to take advantage of our super low rates!


Receive an introductory rate of 1.99% APR* for 24 months. After that, a variable APR, currently as low as 5.25% APR*, applies. Plus, no application or processing fees.

***Annual Percentage Rate (APR) of 1.99% for 24 months upon an initial advance of new money. Maximum LTV is 90%. APR is based on your credit history and may be higher. After the 24-month promotional period, any remaining balance plus subsequent advances are subject to a standard variable APR, currently 5.25%. Variable rates are calculated by adding a 0.75% margin (or greater, dependent upon the borrower's credit history) to the Prime Rate (Index) as published in the Money Rates section of The Wall Street Journal on the 1st business day of each month. The resulting index plus risk adjusted margin APR ranges from 4.75% to 18.00%. Rates current as of 01/01/2018. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. No processing fees. The minimum payment is $100, rounded to the nearest $1.00. After the first advance, the minimum amount of each subsequent advance is $300. To obtain the promotional rate, payments must be automatically deducted from a SPE checking account. SPE reserves the right to end this promotional rate at any time . Certain additional restrictions may apply. For further information regarding this or other promotions at the Credit Union, please visit our website at www.spefcu.org or call us at (877) 342-5975. Membership to the Credit Union is open to anyone who lives, works, worships, volunteers or goes to school in Centre and/or Huntingdon counties.

NMLS #648706