Teachers Credit Union

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Home Equity


Let your home work for you with a Home Equity loan from TCU!

Are you looking for an installment loan or a line of credit that you can access with a credit card? Whether you’re looking to borrow money for home improvements, to consolidate debt or to take care of other major expenses, we're here to help. Simply select the type of loan that meets your needs.

Home Equity Line of Credit

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  • Access money as you need it
  • Revolving line of credit with credit card access for 5 years; with an additional 8-year repayment plan
  • Low rate
  • Interest may be tax-deductible*


Home Equity Loan

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  • Lump sum distributed at closing
  • Fixed rate and term
  • Terms up to 10 years
  • Interest may be tax-deductible*


Accessing your Home Equity Line of Credit online is easy with TCU Online Banking!
To make a payment online, please log into TCU Internet Banking on the homepage. If you are not enrolled in Online Banking, simply visit the homepage, click on the Enroll button and follow the instructions to enroll.

Home Equity Line of Credit Card payments can be mailed to:
 Teachers Credit Union
 PO Box 71050
 Charlotte, NC 28272-1050

For general inquires, or to report you Home Equity Line of Credit Card lost or stolen, please call (800) 552-4745.

All loans/lines of credit are for owner-occupied/second homes only, and are subject to credit approval and standard processing fees. TCU membership required. New members are subject to a $7 membership fee and $5 initial share deposit. Contact a TCU Representative for details. A Home Equity Line of Credit (HELOC) is a variable-rate product. APR adjusts quarterly based on Prime Rate as published in the Wall Street Journal. Variable APR can be as low as Prime minus 0.260%, but no lower than the floor rate of 3.75%. Maximum allowable APR is 12.00%. HELOCs are subject to a minimum finance charge of 50 cents and annual fee of $25. TCU will pay flood determination fee, title search fee and simple valuation. You may be required to pay other costs, such as recording fees, taxes and (when requried) appraisal fees.

* Consult your tax advisor regarding the deductibility of interest.


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© Teachers Credit Union.   New members are subject to a $7 membership fee and $5 initial Share deposit. Any links to external websites are links to alternative sites not operated by TCU. TCU is not responsible for the content of the alternate site. The privacy and security policies of the alternate site may differ from those practiced by TCU. TCU does not represent you or the third party if you enter into a transaction with the third party.


Federally Insured by NCUA.
Teachers Credit Union, Lender NMLS #686706