Home Equity Line-of-Credit (HELOC)

LOAN APPLICATION (4,648.44 KB)

Click here for a LOAN APPLICATION you can print, complete and return to the CU. (Requires Acrobat Reader)

Our HELOC is a terrific way for members to use the equity in their home to make home improvements or have access to cash for other needs. We offer a very competitive HELOC rate and we pay the closing costs!

 

  • The minimum HELOC is $10,000 and the maximum is $75,000.

 

  • This is an adjustable rate line-of-credit with an initial minimum disbursement of $5,000 and $500 minimum disbursements thereafter.

 

  • Properties must be owner-occupied, and the HELOC credit line and any first mortgage must be the only liens on your home, and together total 90% or less of the property's appraised value.

 

  • In most cases, interest paid on a HELOC is tax-deductible*.

 

 

For more information please contact David at pooc.eeseneg@divad or call 585-461-2230 ext 10

 


Our Members make the difference.

Member Since 2004

"What has the CU done for and meant to me? How about warmth and security? When I joined I felt, and still feel, that the diversity of the neighborhood is well represented both by the CU's members and its employees. As welcoming as the staff is, I had no problem following when the building on Gregory St became its new home. The loyalty I felt to Genesee Co-op FCU at that time has been validated by an incident in May 2009. One of my checks was presented to the teller, unsigned, for a large amount. When that individual came back with same check supposedly signed by me, the CU refused to cash it, because the staff recognized the signature as forged. I got to see how the sense of kinship the CU propagates, plays out in order to safeguard its members. Thank you, team."

Merrie Camp


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