Your savings federally insured to at least
$250,000 and backed by the full faith
and 
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Home equity loans and lines are more cost effective than many other types of loans
due to the tax deductible interest, combined with interest rates that are typically lower than other forms of credit.
For borrowers who itemize, some or all of the interest paid may be tax deductible. Tax deductible interest payments mean you may pay lower taxes at the end of the year, and lower the overall cost of what you are buying. It’s especially a good strategy if you’re using the cash to pay off other debt on which the interest is not deductible.
To find out if you qualify, consult with your tax adviser.
Please note MCU Home Equity Loans and Lines of Credit are only available to Illinois homeowners.
Need help? Call us at 800.662.2772