Tap into YOUR Home's EQUITY for the FUNDS you need, with a low-rate Edge HELOC!

(Home EQUITY Line of Credit)

home equity line of credit LIMITED TIME SPECIAL - apply now

*APR = Annual Percentage Rate. Home Equity Line of Credit must take a minimum draw of $10,000 upon account opening. Maximum loan amount is $250,000. Equity Lines of Credit are variable rates subject to increase after consumption, adjusting monthly to the Wall Street Journal (WSJ) Prime Rate minus 1.00% with a maximum APR rate of 18% with a floor of 7.00% APR. WSJ Prime Rate is 8.00% current for 3/28/2023. An early termination fee applies for equity lines of credit closed within 36 months of opening the line of credit. Maximum Loan to Value 80%. Appraisal may be required at applicants’ expense. Offer applies to 1-4 family, owner-occupied primary residences only. Not available for homes currently for sale or intended to be sold within 6 months of closing. Offer available for new money only. Other restrictions apply. All loans are subject to credit approval. Offer may be withdrawn at any time. NMLS#491585 Rates subject to change. 

Current Rates

Key Features

  • Competitive Rates
  • Anytime Funds
  • Quick Decisions
  • Local Service

Easily turn the equity in your home into ongoing, affordable financing!


Variable rate of Wall Street Journal Prime minus 1.00%  for life of loan or floor rate, whichever is higher (7.00% APR current for 3/28/2023).

  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
  • Funds easily available via in-person or phone transfers to a specified Worcester CU checking account
  • The interest paid might be tax deductible(consult tax advisor) 
  • Set up automatic payments to be deducted from your account monthly
  • Quick, local decision-making and processing
  • Attentive, friendly service from start to finish

2Consult a tax advisor.

Early termination fee of $1,000 if paid off within the first 36 months. 

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Worcester Credit Union is INSURED by National Credit Union Administration (NCUA) and Massachusetts Credit Union Share Insurance Corporations (MSIC). The NCUA insures all deposits up to $250,000 per account owners. All deposits above NCUA limits are fully insured by MSIC.

WCU Partners with Mass Save HEAT Loans - learn more