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Tap into the value of your home and use the money any way you choose with a home equity line of credit from Chicago Municipal Employees Credit Union. You've worked hard to buy your home, and now you can make it work for you to help meet expenses for home improvements, debt consolidation, education, or even a new vehicle.
A home equity line of credit provides you a fixed amount of credit with a variable interest rate that you can draw on as you need it. As with all our loan programs, you can count on Chicago Municipal for fast, friendly service, plus low fees, competitive rates, and flexible terms. Best of all, you may be able to deduct the interest paid on a home equity loan from your taxes. Many members qualify for this deduction, but you should consult your tax professional to find out whether or not you qualify.
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