Teachers Credit Union
Teachers Credit Union
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Home Equity


Let your home work for you with a Home Equity loan from TCU!

Are you looking for an installment loan or a line of credit that you can access with a credit card? Whether you’re looking to borrow money for home improvements, to consolidate debt or to take care of other major expenses, we're here to help. Simply select the type of loan that meets your needs.

Home Equity Line of Credit

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  • Access money as you need it
  • Revolving line of credit with credit card access for 5 years; with an additional 8 year repayment plan
  • Low rate
  • TCU pays Closing Costs*
  • Interest may be tax deductible*


Home Equity Loan

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  • Lump sum distributed at closing
  • Interest rate and term does not change*
  • Terms up to 10 years
  • Fixed rate
  • TCU pays Closing Costs*
  • Interest may be tax deductible*

Accessing your Home Equity Line of Credit online is easy with TCU Internet Banking!
To make a payment online, please log into TCU Internet Banking on the homepage. First time users will use the P.A.L. access number assigned at the branch as the first time password login. If you do not have your P.A.L access number, please call the Member Call Center.

Home Equity Line of Credit Card payments can be mailed to:
 Teachers Credit Union
 PO Box 71050
 Charlotte, NC 28272-1050

For general inquires, or to report you Home Equity Line of Credit Card lost or stolen, please call (800) 552-4745.

*Customary Closing Costs Only, all other closing costs will be the responsibility of the borrower.

The Home Equity Line is a variable rate line of credit, offered to qualified borrowers. Loans subject to a minimum finance charge of 50 cents. Borrower may be responsible for closing costs. New members are subject to a $7.00 membership fee and $5.00 initial share deposit.

©2015 Teachers Credit Union. NMLS #686786  All loans subject to credit approval and underwriting. Consult your tax advisor regarding the deductibility of interest. Third Party Fees (maximum): Appraisal $400, Title Work $420, Recording Fees $65 and Flood Certification $50. $25 annual fee for new Home Equity Line of Credit applications. *Promotional 1.49% Annual Percentage Rate (APR) is for 6 months. After 6 months, APR adjusts quarterly based on Prime Rate as published in the Wall Street Journal, which is currently 3.25%. Rates as of 6/01/2015. Variable APR can be as low as Prime minus 0.260% but no lower than the floor rate of 3.75% (after the promotional period). Maximum allowable APR 16.00%. Contact a TCU Representative for details.



Any links to external websites are links to alternative sites not operated by TCU. TCU is not responsible for the content of the alternate site. The privacy and security policies of the alternate site may differ from those practiced by TCU. TCU does not represent you or the third party if you enter into a transaction with the third party.

Equal Housing Opportunity NCUA