Home equity

Need one more really good reason to love your home? It can help you qualify for a low-cost loan that can be used for nearly any project, purchase or purpose.

Money that makes it easy
to get things done

  • Choose a lump sum loan or a credit line
  • Avoid application fees and closing costs
  • Access your FICO┬« Score for free in Online Banking or our mobile app

Whether you want to remodel your kitchen, take a vacation, or pay off medical bills, use the equity you have built in your home to fund it. To get a competitive rate, just let us know if you want a lump-sum loan or long-term access to a low-cost credit line.



Home Equity Loan

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Home Equity Line of Credit

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Perfect for you if: You want all funds as a lump sum, up front. You want access to a credit line you can tap into over time.
Rates as low as: 6.751% APRup to 60 months
(other term options available)
5.99% Intro APR for 6 months and then converts to a variable rate as low as 8.25% APR.2
Annual fee None None
Application fee None None
Pre-payment penalties None None
Adjustable-rate No Yes
Fixed monthly payments Yes No
Free access to your FICO® Score Yes Yes
Interest payments may be tax-deductible3 Yes Yes

View the complete disclosures.

Access to your account on any device

Manage your home equity loan or line of credit from any desktop computer, mobile device, or tablet. The GECU mobile app lets you take care of all your needs with a quick tap, and Online Banking4 is available anytime when you log in at: gecreditunion.org. Need help? Send us a secure message or start a chat online or in our mobile app.

  • Make one-time or automatic payments from another financial institution.
  • Transfer money between accounts for easy access to your line of credit.
  • Set up payment alerts and reminders.
  • View your accounts, loans, and investments in one place, set up debt payoff plans, track goals, and plan for the future with our Money Management tool.

Get started

General Electric Credit Union is a full-service financial institution headquartered in Cincinnati with branches in Ohio and Kentucky.

Money Minutes Blog

The Best Way to Tap into Home Equity in a Rising Rate Environment

Interested in renovating a part of your home, purchasing a big-ticket item, or making a significant life change? If so, you may be mulling over how you’ll pay for it. 

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A Straight-Forward Guide to Refinancing Your HELOC

You’ve enjoyed borrowing against your home’s equity with a Home Equity Line of Credit (HELOC), but now the draw period is reaching an end.

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Why Local Mortgage Lenders Are the Way to Go

If you’re planning to buy property you may be weighing your financing options. From credit unions to big box, nationally operated companies, there are many lenders vying for your business. 

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