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Put the equity in your home to work for you with a Home Equity Line of Credit from Chesterfield Federal Credit Union.

Discover the benefits of a Home Equity Line of Credit

Chesterfield Federal Credit Union is proud to offer the convenience of our Home Equity Line of Credit. With a quick application, a fast and easy approval process, a variety of payment options and great rates, Chesterfield Federal Credit Union is the only place you need to go when considering a Home Equity Line of Credit.

Affordable and convenient

  • Low rates starting at 5.25% APR*
  • Protected payments Even if your rate rises, your payment stays the same
  • Rate increases only on your anniversary date, not quarterly like most lenders
  • Tax benefits for interest paid#
  • Local decisions and servicing of your loan!

Why A Home Equity Product?

You can use the proceeds from your Home Equity Line of Credit for:

  • Debt Consolidation
  • Home Improvements
  • School Expenses
  • Vacations
  • Tax Payments
  • Much more!

Whatever your reason may be, a Financial Services Representative is always willing to sit down with you and discuss which product is best suited for your specific needs.

Save money on interest

Chesterfield Federal Credit Union's Home Equity Line of Credit can save you money on interest charges too! Because the loan is secured by the collateral in your home, the interest rates on our product is much lower than many other loans. And the interest you pay may even be tax deductible!^ And that means more money in your wallet!


Financing available for up to 85% of the available equity in your home

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  • FAQ
Debt Protection

Play it safe with CFCU Safety Net

Help preserve your standard of living. Whether you're taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because the unexpected can happen at anytime. You’re betting you won’t lose your job (through no fault of your own), or become disabled (due to injury or illness), or pass away, leaving your family responsible for your loan balance. Life events can cause financial hardship, making bill-paying difficult. You don't want delinquent payments and defaulted loans to cause you to lose your assets, negatively impact your credit rating, or cause financial distress for your family.

Protection suited for you

CFCU Safety Net* is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly occurs. And, simple eligibility requirements ease the enrollment process.

Protection that matters

If your loan is protected and a life event happens to you, CFCU Safety Net* will cancel or reduce repayment of your loan debt - helping to lessen worries about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging. Protected events include:

  • Loss of life, including those caused by acts of war
  • Disability, including those caused by acts of war
  • Involuntary unemployment

Life Plus adds protection for financially-stressful life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and the loss of life of a non-protected dependent.

Protection suited for your needs

Because each member has different needs, we offer three different options for protection with CFCU Safety Net:

  • Comprehensive Protects your family in case of loss of life, disability or involuntary unemployment
  • Prepared Protects your family in case of loss of life or disability
  • Thoughtful Protects your family in case of loss of life
Ask your Financial Services Representative about protection with CFCU Safety Net.
* Your purchase of CFCU SafetyNet is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of CFCU SafetyNet.
Effective Oct 31, 2019
Home Equity APR* Term Calculator
Home Equity Line of Credit ** 5.25% Revolving Calculator
Payment for a Home Equity Line of Credit is 1.50% of the balance at the time of advance.
* Annual Percentage Rate. Lowest APR available with qualifying credit. Your rate may be higher and is based on credit score. Member must maintain homeowner's insurance at own expense.
** Rate is as low as Prime+.50%. The initial rate is tied to the Prime rate as published in the Wall Street Journal. Posted rate is accurate as of the date shown and may change at anytime without notice. The rate is variable and may change at annually on the anniversary of your line of credit. Your rate may vary from that shown above and is based on creditworthiness. This is a variable rate line of credit and as such, the rate may change over the life of the line. Consult us for details. The maximum APR on this loan is 6% above the entry rate or 18%, whichever is lower. Equity based on 80% of assessed value less first mortgage balance. Subject to credit approval. Minimum line $5,000.00. Maximum line $100,000.00.


Applying for a loan online is easy! Just follow these simple steps:

Auto Loans, Personal Loans, Credit Cards

  1. Log in to your Net24 Home Banking account
  2. Select "Apply For A Loan" from the left column navigation menu
  3. Complete the appropriate application
  4. A Financial Services Representative will contact you within one business day with more information.

Home Equity Loans & Lines of Credit

  1. Complete a Request for Information and select Home Equity Loans and Lines
  2. A Financial Services Representative will contact you within one business day with more information.

First Mortgages

  1. Complete an Mortgage ApplicationOpens in New Window through our recommended mortgage partner's loan site.
  2. Their mortgage specialist will contact you to get more information about your mortgage needs.
Request Info
Don't wait until rates are rising. Apply now for your home equity line of credit
^Check with your tax adviser.
* Subject to credit approval. Minimum line $5,000.00. Maximum line $150,000.00. Member must maintain homeowner's insurance at own expense. Membership eligibility required. 
NMLS # 688795 Opens in New Window