Your home’s equity is one of your greatest assets. So why not use it to your advantage and get paid at the same time? A Home Equity Line of Credit (HELOC) offers you the convenience and flexibility of a large credit line and allows you to re-use the funds as you pay the balance. Right now you can also earn a cash bonus of up to $500*, just for completing a qualifying advance on an eligible HELOC. But this offer won’t last, so apply now!
When you complete a qualifying draw on any eligible HELOC you earn:
$100 for a $10,000+ draw
$250 for a $25,000+ draw
$500 for a $50,000+ draw
Want to know more about the Home Equity Line of Credit? Check out our blog.
*APR is the annual percentage rate. This offer is good for a limited time only. This offer is not transferable and may not be used in conjunction with any other discounts, offers or coupons. Membership eligibility requirements and some restriction may apply. Rates, terms and conditions are subject to change at any time without notice. All loans are subject to qualifications and approval and may also be subject to closing costs. Owner occupied properties only. There are no application, annual, maintenance or transaction fees associated with this account; however, Century Federal may recover origination charges if loan is closed within 12 months of opening. Refinancing of existing CFCU HELOCs does not qualify for the bonus payment. Century Federal Credit Union makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status. Century Federal Credit Union membership eligibility is required. Home Equity Line of Credit (HELOC) is a variable rate plan and varies with the Prime Rate. Maximum APR for HELOC is 13.50%. Must carry insurance on the property. Consult your tax advisor regarding the deductibility of interest and charges. Cash bonus qualifications include: 1) Both new and existing Century Federal HELOC are eligible for this offer. For new HELOCs, applications must be received between 5/21/18 –8/15/18, and for all HELOCs the qualifying loan disbursement or initial draw requirement must be completed between 5/21/18 – 9/15/18. 2) $100 cash bonus with a minimum credit limit of $10,000, initial draw of $10,000-$24,999.99, and maintaining an average daily balance of $10,000 or more for 6 months following the qualifying draw. $250 cash bonus with a minimum credit limit of $25,000, initial draw of $25,000-$49,999.99, and maintaining an average daily balance of $25,000 or more for 6 months following the qualifying draw. $500 cash bonus with a minimum credit limit of $50,000, initial draw of $50,000 or more, and maintaining an average daily balance of $50,000 or more for 6 months following the qualifying draw. 3) Automatic loan payment setup, initiated by Century Federal Credit Union. 4) Limit of one cash bonus per HELOC. Cash bonus will be awarded solely on the first loan disbursement or initial draw amount only. Multiple disbursements or draws will not aggregate. 5) Cash bonuses will be distributed within 30 days following the 6-month anniversary of the qualifying loan disbursement or initial draw that occurs during the promotional period and will be deposited into the member’s main share savings account. 6) Cash bonus may be considered income and reported on 1099 MISC or 1099 INT.