Unlock Your HELOC FAQs

1.9% APR Home Equity Line Of Credit

Who qualifies for the 1.9% APR HELOC Promotion?

Existing ACU members with the following:

  • An ACU HELOC as of January 1, 2000
  • A current HELOC available balance of $10,000 or more
  • A credit score of 680 or above
  • Is in good financial standing*

How does the 1.9% APR HELOC offer work?

If you have an available line of credit of $10,000 or more and take a minimum advance of $10,000, you’ll receive the rate of 1.9% APR on your advance through October 31, 2016.

On November 1, 2016 all advances at the 1.9% APR interest rate will revert to the current rate being offered.

Does the minimum advance of $10,000 have to be used all at once?

No. Once you qualify for the promotion, advances can be staggered over the promotional period to add up to $10,000 or more after which you will be notified of your new 1.9% APR interest rate.

How long is the promotional rate good through?

The 1.9% APR interest rate applies for advances taken from August 1, 2015 through October 31, 2015. The 1.9% APR interest rate will be good through October 31, 2016.

What happens on November 1, 2016?

Your promotional balance will revert to the current interest rate.

How does Associated Credit Union calculate its rates?

Associated Credit Union matches the Prime Rate quarterly, as defined in the Wall Street Journal with a floor limit of 4.0% APR.

Does the 1.9% APR interest rate apply to my existing HELOC balance?

No, the 1.9% APR interest rate applies only to advances (equaling or greater than $10,000) during the promotional period (August 1, 2015 through October 31, 2015). Any money borrowed prior to the promotion will remain at its existing interest rate.

How do I make an advance?

Ways to make a HELOC advance:

  • Visit a branch and speak with an associate. View our branch locations.
  • Transfer funds between accounts within Online Banking or your ACU Mobile Application.
  • Use the checkbook you received upon opening your HELOC.
  • Call our Associated CU Contact Center 770.448.8200, Ext. 2392.
  • Call our Tele Teller hotline at 770.448.8885.

Will my statement be broken down to show which rate goes to each balance?

Yes, your statement will show both balances and both rates.

How is my payment applied?

Payments are applied to the lower interest rate first.

Will my payment change after I take an advance and how is it calculated?

Yes, your payment resets after every advance. Your new payment will be 1% of the total balance after the advance.

Can I apply for a new HELOC and receive the 1.9% APR interest rate?

Yes, as long as you meet the qualifications and take an advance of $10,000 or more during the specified promotional period.

How do I apply for a HELOC?

You can apply online or visit one of our branch locations.

What is a Home Equity Line of Credit (HELOC)?

A HELOC or Home Equity Line of Credit is a convenient way to borrow money using the equity of your home as collateral. Members can borrow up to 80% of the appraised value of your home, minus your first mortgage balance.

*What do you mean by Good Financial Standing?

Good Financial Standing means a member is without (but not limited to) the circumstances listed below:

  • Delinquent Loans
  • Repossession
  • Bankruptcy
  • Charge Offs
  • Frozen Account(s)
  • Negative Account Balances
Site Map  |  Privacy  |  Disclosures  |  Security  |  Help