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Apply Online or call us at 330-334-1023.

Finance almost anything with a HELOC

A HELOC can help you finance home improvements, vacations, education, debt consolidation, and almost anything else.

By using the equity you’ve built in your home, you get a lower financing rate than most credit cards or other loans. Once you are approved, the money is available whenever you need it, even in emergencies.

A low-rate Home Equity Line Of Credit or Second Mortgage from MedFed is a perfect way to finance a new kitchen, update windows, install new floors, refinish your basement, or complete any other home project!

• Lower interest rate than using your credit card
• Your line of credit rebuilds each time you make a payment
• Easy access to funds when you need them
• Only pay back what you use

Sample uses for a HELOC

  • Home Repairs and Renovations
  • Landscaping Projects
  • Debt Consolidation
  • Education Costs
  • Pay Off Bills
  • Healthcare Costs
  • Vacations
  • Wedding Costs


There are three convenient ways to apply:

1. Apply Online anytime. You will also find home-buying calculators, and information about the mortgage and home-buying processes.

2. Visit one of our offices to complete an application and talk with an expert.

3. Call a member services representative at 330-334-1023.

Apply online Now

*Approval for a MCFCU Home Equity Line of Credit is subject to meeting established credit criteria. Must be an existing Member or become a Member of the Credit Union to obtain a loan. Certain terms and conditions apply. Credit is Subject to approval. Consult a tax advisor regarding the deductibility of interest. MCFCU products, services, terms and prices are subject to change. Annual Percentage Rate: Annual Percentage Rate (APR) shown was available as of Feb. 1, 2021 to well qualified applicants for variable rate lines of credit up to $250,000 secured by single-family owner occupied residential property. Your APR may be higher and will be based on the current Wall Street Journal Prime Rate, your credit qualifications, the amount of the line, loan-to-value, and property type. APRs currently range from Wall Street Journal Prime Rate, to Wall Street Journal Prime Rate plus 1.00% for a Home Equity Line of Credit. Annual Fee: There is no annual fee. Account Opening Fees: To open and maintain a line of credit, you must pay certain fees to third parties. These fees will not exceed $800.00. If you ask, we will give you an itemization of the fees you will have to pay to third parties. Early Termination Fees: There is no early termination fee. Property Insurance: You are required to carry property insurance on the property that secures your account. Flood insurance may be required. Your payments on this account do not include taxes or insurance. Appraisal Fees: If applicable a $250 appraisal fee may apply. Credit is subject to approval. Rates, terms and conditions are subject to change at any time based on market conditions or other business factors. APRs may differ based on credit scores. Call or stop in to obtain product information and current rates. Payment example is based on $25,000 variable-rate balance at current variable APR of 4.25% (assumes one initial draw of $25,000). Minimum monthly payment of 1% or $100 whichever is greater are $250. Total number of payments – 180, with a maximum 10 year draw period. Highest payment possible at maximum interest rate of 18% is $250. APR is variable.






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