Home Equity Loans

Home Equity Loans

A home is a place where you put down roots. Utilize the money you've spent toward your mortgage as collateral to affordably finance other needs through Credit Union of Atlanta.


If you could use some cash for school, a vehicle, or even for fixing up your place, your home could be the key. The interest paid might even be tax deductible. Look to your home and look to CUA as your go-to dream generator.

Summary
  • Competitively low rates*
  • Flexible terms and payment plans
  • Use for most any purpose
  • Fixed monthly payment through the life of the loan
  • Approval amount based on equity in home
  • Interest may be tax deductible**
  • Experienced loan advisors whose focus is on you
  • Local decision-making and processing for a quicker turnaround
  • Customized service to your unique situation

*Subject to credit approval.

**Consult a tax advisor regarding the deductibility of interest.

Home Equity Line of Credit (HELOC)

Like a home equity loan, a Home Equity Line of Credit (HELOC) is based on the equity you've built in your home. The difference between the two is that a HELOC offers access to funds immediately as needs arise. You're able to draw from the line at any time, and you only pay interest on the part you use.

  • Competitive interest rates*
  • Immediate access to funds when you need them
  • Only pay interest on what you use
  • Reuse without re-applying
  • Approval amount based on equity in home
  • Interest may be tax deductible**
  • Experienced loan advisors whose focus is on you
  • Local decision-making and processing for a quicker turnaround
  • Customized service to your unique situation

*Subject to credit approval.

**Consult a tax advisor regarding the deductibility of interest.

Payment Protection

It's important to us at Credit Union of Atlanta to provide peace of mind to our members. That's why we offer Payment Protection credit life and credit disability insurance through CUNA Mutual Group, which includes the following features:

  • Credit Disability makes a member's payment to the credit union should they become unable to work due to an illness or an accident.
  • Credit Life pays off the member's outstanding loan balance should the member die during the term of the loan.
  • Credit Life "At Work Clause" – If a member is a homemaker, retiree, or student, they are eligible for Credit Life Insurance*
  • Statement of Insurability – If an eligible member requests insurance within 30 days after the loan advance, they will be eligible for coverage if they provide a satisfactory Statement of Insurability to CUNA Mutual.
  • Expiration of Insurance:
  • On the date of death
  • On the date the loan is transferred to another creditor
  • On the date the loan stops
  • On the last day of the month the credit union is notified by the member to terminate insurance
  • When the member reaches the maximum age
  • Or the last day of the month in which the loan is three months past due

*Eligibility occurs only if they are performing all of the usual duties of a homemaker, retiree, or student in the normal manner on the date of the initial advance and are not receiving disability benefits from any source.

Learn more about pricing information and a breakdown of all the benefits included with Payment Protection.