Home Equity Line of Credit

You can easily use the equity in your home by taking advantage of OECU's Home Equity Line of Credit. It provides easy access to your home's equity whenever the need arises.

• Loans up to 90% of the value of the home less any first mortgage
• You can access your Home Equity Loan by writing a check, using an ATM Card, calling "Toni" The Touch-Tone Teller, or visiting any OECU office
• Interest may be tax deductible-contact your tax adviser for verification
• No annual fee for certain product terms
• No processing fee for certain product terms

No Application Fee, No Points, No Closing Cost

With an OECU Home Equity Line of Credit, there are no up-front costs to apply, no points to pay, and when you borrow $5,000 or more at closing, the closing cost is waived, provided you maintain the Home Equity Line of Credit for three years.

Free Home Equity Checks

OECU will provide you with checks that you can use to access funds on your Home Equity Line of Credit. The checks will be listed on your monthly account statement, or can be reviewed by calling "Toni" The Touch-Tone Teller.

ATM Card Access

You can make arrangements to have your ATM card draw funds from your Home Equity Line of Credit. The ATM card can be used with your OECU Savings Account, Checking Account and Home Equity Line of Credit. This provides you with immediate access to cash from any of these accounts.

Use it for Checking Overdraft Protection

You can use your Home Equity Line of Credit as an overdraft protection source for your Checking Account. There is no minimum amount for an advance, and you can review the history on your account any time via "Toni" The Touch-Tone Teller.

Home Equity
Line of Credit