Home Equity Line of Credit

A Home Equity Line of Credit is a form of revolving credit in which your home serves as collateral. Riverside FCU offers a Home Equity Line of Credit providing you the flexibility to use your money as you need it – paying only on what you’ve tapped into.

Because your home is likely your most valuable asset, consider borrowing from the equity in your home for major items rather than day-to-day expenses. Things like education expenses, bill consolidation, home improvements, or medical bills. With a Home Equity Line of Credit your loan is ready when you are. No need to come in and apply for a loan every time you need money.

Call a Loan Officer today to set up an appointment. 716-875-1747.

Loan Type 

Loan Description


Rate (APR)*

Home Equity


15 Years

PRIME 3.25%**

For current rates and disclosures, please contact 716-875-1747 option 3 to speak with the loan department.  NMLS #721491.

*APR=Annual Percentage Rate. Rates dependent upon credit approval. Rates and terms can change at any time without notice. Member will pay half (50%) of the total closing costs for amounts of $20,000+. If closed within 36 months, member must pay back the other half that was paid by the credit union. The minimum loan amount is $10,000. All lines under $20,000 will pay the full amount (100%) of closing costs. The term will be 25 years which will include a 10 year draw period and a 15 year repayment from the last draw date. HELOC will only be written as a first or second mortgage. Other rates and terms may apply.

**Prime Rate is influenced by Federal Reserve and is subject to change at any time without notice.