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FAMILY MEMBERSHIP ENCOURAGED!

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UTELFCU is your exclusive home-town financial institution!

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AUTO LOANS!

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 MORTGAGES!

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HOME EQUITY

LOANS!

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PERSONAL

LOANS!

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CONSOLIDATION

LOANS!

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VISA® CREDIT CARDS WITH SCORECARD REWARDS!!!

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This Credit Union is federally insured by the National Credit Union Administration

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Equal Housing Lender

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DEDUCT-A-BUCK

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Home Equity Loans

UTELFCU offers variable rate open end home equity loans. The rate is determined by the 6 month Treasury (T bill) rate plus 3.50% with a floor of 4.80% and a ceiling of 16%. The percentage rate can be adjusted 4 times a year with a maximum rate change of 1% per adjustment and a maximum annual increase/decrease of 4%.

The maximum amount of the credit line is $100,000 and the minimum is $5,000. The maximum period for repayment is 15 years (180 months).

Temporary Disability Insurance is available to qualified borrowers with the cost added to the principal balance of the loan.

Appraisal fee (prices may vary) is not refundable. All loans will utilize full real estate loan closing procedures. Cost is $500 (plus title insurance if first lien).

If you are considering home improvements, bill consolidation, buying a new boat or other major expenses, the home equity line of credit may be for you. In most cases, the interest on this loan is tax deductible.

Call us at (315) 724-5133 for an application.