Credit Union HELOC

If you are interested in a Home Equity Line of Credit (HELOC) in Berks County, PA, the locally-knowledgeable loan advisors at Bellco Federal Credit Union will be happy to help!

About Bellco FCU

Bellco FCU is a member-owned, not-for-profit federal credit union that has been offering unique financial products and services to people and small businesses in Berks County since 1938.  

Just like for-profit banks, we offer checking and savings accounts, personal loans, home loans, and credit cards, but with better rates and fewer fees. We provide a safe place to save and borrow along with exceptional customer service.

About HELOCs and Rates

When considering a HELOC, your first thought may be to go to the lender that holds your first mortgage, but it usually pays to shop around because different lenders have different rules.

HELOCs have an adjustable interest rate that goes up and down in relation to an index, like the prime rate. Also consider upfront costs, closing costs and any annual fees the lender may charge. They can all have a significant impact on the cost and suitability of your loan, so don’t be afraid to ask questions.

Some lenders offer low introductory interest rates. Be sure you know how long the low rate will last and how it will change after the introductory period.

Your HELOC may have a cap on how much the interest rate can rise over a specific period of time or over the length of the loan. If interest rates are on the rise, this will work in your favor.

At the end of the HELOC “draw period” (typically 5 to 10 years), some lenders will require you to make a large one-time payment at the end of the term, known as a balloon payment. This may be something you can live with, but you will want to know it’s coming in order to plan for it.

As experienced HELOC lenders, Bellco FCU offers flexible solutions, unique account features, low interest rates and fees, and face-to-face service.

Not Yet a Member of Bellco FCU?

You are eligible to join Bellco FCU if:

  • You live, work, worship, or attend school in Berks County, PA

  • You are in the immediate family (spouse, parents, children, siblings, grandparents) of a Bellco FCU member, no matter where you live

Open a Member Savings account with as little as $5, and establish your membership in a few simple steps. This is not a fee; it is a share in the credit union and provides you with voting rights and a say in any decisions we make. 

Even if you leave your current employer, retire, or move away, you can remain a Bellco FCU member for life. You will have access to your accounts from anywhere by mail, phone, fax, online and at thousands of ATMs across the nation.

Bellco Federal Credit Union offers competitive HELOC rates, cutting-edge technology, and many other valuable benefits.