HELOC La Crosse

A Home Equity Line Of Credit or HELOC in La Crosse acts like a credit card where the source of funds are revolving. Many banks in the area offer their customers different ways to access their funds such as a credit card connected to their accounts, a written check, or an online bank transfer. HELOC in La Crosse gives you the opportunity to acquire cash anytime you need it.

A lot of people are applying for a HELOC in La Crosse given that it serves as one of the ways to help anyone get financial security. If you’re interested in applying for a HELOC in La Crosse, apply for one at Governmental Employees Credit Union (G.E.C.U.). At G.E.C.U., we can help you properly manage your finances and happily assist you in opening an account or applying for a HELOC in La Crosse. Reach out to us today.

Advantages of Having a HELOC in La Crosse

Getting a HELOC in La Crosse is a good option for homeowners since it helps you take out money whenever you need it. It can also give you more benefits other than that. Here’s what you can get from having a HELOC in La Crosse:

• Having a HELOC in La Crosse Gives You Low-Interest Rates

Considering that a HELOC in La Crosse is similar to a credit card, you have to pay the interest of the amount of money you’ve withdrawn from your credit line. However, you pay much lower interests compared to credit cards. 

Also, a HELOC in La Crosse is secured by your home equity. Hence, a HELOC in La Crosse can offer lower interest rates compared to unsecured loans like credit cards or any loan that’s not protected by a guarantor. 

• Having a HELOC in La Crosse Gives You Financial Flexibility

A HELOC in La Crosse acts as your safety net from unexpected expenses such as medical bills. Since a HELOC in La Crosse operates as a rotating line of credit, you’re allowed to borrow the amount of money you need, and you don’t have to pay for the interest of the money you didn’t borrow.

If you happen to be in a situation that needs a large amount of money, a HELOC in La Crosse can also be of great help. This is because HELOC in La Crosse gives you the chance to get a large sum of money in cash in a short period. 

• Having a HELOC in La Crosse Gives You Lower Closing Costs

The closing costs are fees you pay when you’re closing a real estate deal. It’s typically incurred by both the seller and the buyer. When you have a HELOC in La Crosse, your lender may give you a lower closing cost, which usually ranges from 2% to 5% of the total amount of your loan. Some lenders can also waive them when you have a HELOC in La Crosse, especially if you have high credit. 

• Having a HELOC in La Crosse Gives You Tax Advantages

A HELOC in La Crosse is considered as a type of mortgage. If you use your HELOC in La Crosse to purchase or renovate your home, your interest will be tax-deductible. You can deduct up to $100,000 from your tax when you use it for another purpose. You just have to make sure that the deductible amount doesn’t exceed your home’s market value. 

A HELOC in La Crosse can offer a lot more than these advantages. On top of all these, you have the freedom to pay the principal amount whenever you can. You can pay for the interest first, then pay off the balance after.

Get a HELOC in La Crosse with Governmental Employees Credit Union

If you’re planning to apply for a HELOC in La Crosse, consider getting our help at G.E.C.U. We’ll happily assist you during your application. We would be glad to help you with other financial matters. Just give us a call today.

Making Everyone Count Since 1931

Credit unions are known as a great alternative to banks. These institutions offer accounts with lower fees and loan rates. They’re also owned by their customers, that’s why they offer better deals. If you want the idea of a customer-owned financial institution, joining a credit union might be the right choice for you.

Many credit unions offer a lot of benefits. However, not all of them are able to provide their customers with a great experience. If you want to make sure that you get great deals and satisfying customer service, join Governmental Employees Credit Union (G.E.C.U.). We offer great financial services while making sure that our customers feel valued. 

Open an Account With Us

Like any other bank, we also give our clients the privilege to open a bank account for their funds. Whether it’s a checking or savings account, G.E.C.U. makes sure to provide you the one that’s perfectly tailored to your lifestyle and needs. 

• Checking Accounts

At G.E.C.U., we don’t just provide great checking accounts. We also give you a lot of rewards with Kasasa Cash! You can choose between three options. 

The first option we have is the free Kasasa Cash Checking account with a high-interest reward. The second is a free Kasasa Cash Back Checking account with 2.25% cashback on purchases using your debit card. The third is the Free Kasasa Tunes Checking account, which gives you digital credits for apps and music purchases. Whichever you choose can be opened in minutes, too. Hassle-free, right? 

• Savings Accounts

Here, we offer you a lot of savings account options for you as well. 

• Basic Savings Account

This marks your membership with us. You’re only required to deposit a minimum of $5 to open your account.

• Elite Money Market Account

When you choose this account, the higher your balance is, the higher the interest rate you’ll get. You won’t get any maintenance fee if your balance is amounting to or more than $2,500.

• Health Savings Account (HSA)

With this account, you can prepare for medical expenses you might have in the future. You can also enjoy triple tax saving where you’ll have tax-free withdrawals for any medical expenses and earnings. 

• Certificates of Deposit (CDs)

Having trouble with saving money? This option is for you, then. Fixed-rate earnings for your term of choice. 

• Christmas Club

This type of savings account is created especially for your holiday funds. It also helps keep you away from having debts during the holidays.

• Individual Retirement Accounts (IRAs)

In this type of savings account, you’ll be able to secure your retirement and earn revenues at a higher rate.

Apply for a Visa Credit Card

At G.E.C.U., we help you expand your purchasing power by providing a globally-accepted credit card. We have competitive rates, low annual percentage rate (APR), and there are no annual fees! Apply with us now.

Pursue Your Dreams With Us

Everyone has the right to education. That’s why here in G.E.C.U., we offer a $500 scholarship to our members. The qualifications are simple; you just have to be a member and you must be already accepted or attending your school of choice.

Other than the two eligibility requirements, you should also submit three documents: your accomplished application form, a scholarship essay, and an autobiography that contains your school activities, awards, employment, and community service records. Apply now.

Secure Your Future With the Friendly Credit Union

Since 1931, we have been making every customer feel that they’re a part of the company; each of them is the partial owner of G.E.C.U. We assure you that we will continue making our customers feel that way. 

Our friendly and accommodating staff will strive to personally know you by name. As La Crosse’s friendly credit union, we enjoy doing business with our clients in the friendliest way that we can. If you want to be a part of the family and experience our customer service, talk to us now.