Home Equity Options 


GPOFCU Home Equity Options

When you need extra cash for a certain time, try our fast, convenient Home Equity Loan--the Home Equity loan without all the headaches.

  • Borrow up to 80% of the equity in your home — appraised value less first trust

  • Borrow from $10,000

  • Terms up to 15 years available

  • No closing costs

  • Low fixed rates

  • Disability, life and joint life payment protection insurance are available (underwritten by CMFG Life Insurance Company)

  • Repayment may be made through payroll deduction / direct deposit, automatic transfer from your GPOFCU account, by coupon, through Day 'N' Night Teller audio response, by mail or in person


Home Equity Line of Credit

With a Home Equity Line of Credit you can draw on the equity at any time, the Credit Union offers:

  • Great low rates.

  • Open-ended line of credit for up to 80% of the value of your home, less any mortgage

  • No closing costs

  • Minimum line is $10,000

  • The minimum payment is the greater of $100 or 1.5% of the outstanding balance at the time of the advance

  • Disability, life and joint life payment protection insurance are available (underwritten by CMFG Life Insurance Company)

  • Repayment may be made through payroll deduction / direct deposit, automatic transfer from your GPOFCU account, through Day 'N' Night Teller audio response, by mail or in person