Why a home equity line of credit?

It’s convenient and flexible – there’s no requirement that the money is used on your home.
Interest rates are typically lower than credit card rates.
You may save on your income taxes with an interest deduction. (Always consult with a tax professional before making tax decisions.)

Benefits of a home equity line of credit:

Savings of up to $1,000 in closing costs!¹
Competitive rates
$5,000 minimum line of credit
Variable rate of interest indexed to the Wall Street Journal's Prime lending rate²
Payroll deduction, Bill Pay and transfer payment options available
No prepayment penalty

¹ On lines of credit in which the first draw is $15,000 or more. Some restrictions apply. Contact a Campus Federal representative for more details.

² Rates are subject to change at any time. All rates are subject to credit approval. Additional fees may apply, including a one-time membership fee of $10 for a new member.

Home Equity Line of Credit