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Home Equity Line of Credit



Home Equity Line of Credit at cenla federal credit union in Pineville and Alexandria, LA


  • Rate 3.50% (WSJ Prime Rate +0)
  • Borrow as little as $10,000
  • Repayment term of 120 months/10 years
  • With special rate, no additional advances allowed
  • CenLA FCU provides $750 credit for closing costs*
  • Borrow up to 80% of the equity in your home

Call a CenLA FCU Member Service Representative (MSR) for assistance at                                      318-445-7388 x151 (Pineville) or x251 (Coliseum).

*Credit is provided only if new loan and closing is required.


Are you planning to make big renovations to your home? Using your hard-earned savings for major expenses doesn’t always make sense – especially with interest rates at all-time low. A better solution for most homeowners is a Home Equity Line of Credit (HELOC) – a smart way to use the equity in your home to get the cash you need. Use the money for remodeling projects, home repairs, a major purchase, emergencies, or to pay off higher-rate debt. 

Home Equity Line of Credit

If you think your borrowing needs will vary over time, a Home Equity Line of Credit (HELOC) is a good choice.  It’s flexible and can be customized to fit your budget and lifestyle. Simply establish your account today and use the funds as you need them.

  • Borrow up to $350,000 for any personal reason
  • First and Second Mortgages
  • Low Fixed Rate until you borrow again
  • Potential tax benefits
  • Low origination fees 
  • Tax-deductible interest for most homeowners
  • Low minimum monthly payments