Smart Start Checking
Are you ages 15 to 25? This program was created just for you!
Program Details Here »
Our new prize-linked savings account!
Account Details Here »
Because Banking Should be as Mobile as You Are
Get the App »
Locked out? Reset now.
Have you considered using the equity you have built in your primary residence?
A Home Equity Line of Credit (HELOC) is a great option because the equity in your home is not just for home improvements – but for whatever you need, giving you the flexibility other loan products can’t. Once we determine how much equity you have, you can gain access to a Line of Credit that you can borrow what you want, when you want, for whatever you want!
Together we can unlock the possibilities. You have access to funds 24/7 without dipping into your savings or investments. If your home has equity, a Home Equity Line of Credit (HELOC) from Ripco Credit Union is a great option offering the flexibility you’re looking for.
A HELOC offers these great features as well:
Apply Online Today!
Select Home Equity on the loan application page.
You may be asking yourself “What the difference is between a Home Equity Loan and a Home Equity Line of Credit?” A home equity loan is a term loan in which the borrower gets a one-time lump sum. The loan is repaid over a fixed term, at a fixed interest rate, with equal monthly payments.
A Home Equity Line of Credit, or HELOC works more like a credit card. You’re given a line of credit that’s available for a set time frame, usually up to 10 years. During this time, you can withdraw money as you need it, for whatever you may need.
Still not sure which option is right for you?