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Apply online or in person for a Home Equity Line of Credit (HELOC) from Bellco FCU in Berks County, PA, and tap into the equity in your home to pay for unexpected expenses.



About Bellco FCU

In 1938, Bell Telephone employees formed Bell Telephone Credit Union. They wanted to create a financial institution they could trust, one where they had a voice, and one that would work to help fellow employees obtain hard-to-get loans.

Now, 80 years later, Bellco FCU continues to be a member-owned, not-for-profit federal credit union that offers unique financial products and services to people and small businesses in Berks County, PA.

We offer competitively low rates for home purchase, refinance, or construction, and have a number of home loan programs available, including HELOCs and traditional Home Equity Loans.

About Home Equity Lines of Credit (HELOC)

Home Equity Line of Credit works very much like a credit card and can be used when you need it. The interest rate on a HELOC may be lower than that of traditional fixed-rate mortgages, credit cards, and other types of personal loans.

During what is called the “draw period” (typically 5 or 10 years), you can make as many withdrawals as you like up to your credit limit, if and when you need the funds. This may be the ideal solution if you need to borrow smaller amounts over a longer period, such as for an extensive home renovation project.

Any payments due on the amount you draw out are typically interest-only payments. As you pay off the principal, your credit revolves, and you can use it again and again for the duration of the draw period.

Unlike most other types of loans, such as traditional Home Equity Loans, the HELOC lets you decide when and if you want to use the money. If you decide not to use some of the credit line, you won’t have to pay interest on those funds.

Once the draw period ends, your repayment period begins. During this period, your payments will include both principal and interest, and continue until the line of credit has been completely repaid.

Become a Member Today

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.

Whether you need a HELOC (Home Equity Line of Credit), or a different type of home or personal loan, Bellco FCU can help you understand your options and make the right decisions. Contact us today to learn more!