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A home equity line of credit (HELOC) from Bellco FCU in Fleetwood, PA, enables you to tap into the equity you’ve built up in your home and use the funds for large or unexpected expenses, such as home repairs, a new roof, a child’s wedding, or to pay off high-interest debts.

Bellco FCU is a member-owned, not-for-profit federal credit union that caters exclusively to you and your needs and offers a variety of affordable financial services. We offer competitively low rates for home purchase, refinance, or construction, and have a number of home loan programs available.

Bellco FCU offers membership to people who live, work, worship, or attend school in Berks County. 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.

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Home Equity Line of Credit

Home Equity Line of Credit (HELOC) can provide you with a certain amount of money, usually between 80-90% of the value of your home equity. The HELOC works somewhat like a credit card, and is made available to you for a limited time period (typically 5 or 10 years).

During what is called a “draw period,” you can withdraw funds from the line of credit whenever you need them. As you pay off the principal, your credit revolves, and you can use the line again and again for the duration of the draw period.

A HELOC from Bellco FCU offers a variety of benefits:

  • Secured by the equity in your home
  • Adjustable interest rate (with a cap)
  • Withdraw the funds you need when you need them
  • Monthly payments vary based on the amount borrowed and the current interest rate
  • No restrictions on use of funds
  • Useful for periodic expenses, such as emergency funds, debt consolidation, tuition, and home improvements
  • Local, Pennsylvania decision-making and processing

Bellco FCU has the expertise to help you make the right decisions. Our knowledgeable loan professionals will evaluate your credit worthiness based on your income, assets, debts and past credit use and help you determine how much you can afford to borrow.

If you reside in Fleetwood, PA and are already a Bellco FCU member, you can apply online for a home equity line of credit. If not, join today to take advantage of our many products and services!

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