Posted in Articles on Monday, February 06, 2017
With a HELOC, you can renovate or consolidate with a great rate.
Want to know a secret? Here’s something many of our members haven’t realized – a Home Equity Line of Credit (also called a HELOC) is one of the most versatile financial tools we offer.
Why? Because a HELOC can be used for so many things – like home improvement projects, debt consolidation or emergency funds. And the interest rate on a HELOC is typically much lower than those on a credit card. For example, our we’re currently offering a 5-year fixed HELOC for just 3.40% APR.♦
Here’s how a HELOC works:
HELOC funds may be accessed online anytime and as often as you like. For instance, if you’re remodeling a kitchen, you can borrow separate amounts on different occasions to pay for plumbing, cabinets, flooring and countertops.
To learn more, schedule an appointment to talk with one of our experts or learn more in this video.
As a credit union, we’re organized differently than other financials. Veridian is a not-for-profit financial cooperative owned by our members. That means all net earnings are returned to members in the form of lower loan rates, higher savings rates, and low-to-no fees. Veridian is also governed by a volunteer board of directors who are elected by our members. Each member has one vote in the election for our board regardless of how much money that individual has on deposit.
Routing Number - 273976369