NGCU will be Closed for Juneteenth on Wednesday, June 19.
Due to scheduled maintenance, online banking and debit card services will be unavailable from Saturday, June 15, at 10:00 PM to approximately 5:00 AM on Sunday, June 16.

Home Equity Line of Credit

A HELOC is a line of credit secured by a mortgage on a borrower’s primary residence, second home or vacation home. NGCU shall offer its members a HELOC subject to the following conditions:

Loan proceeds cannot be used for:

  • business or commercial use
  • purchase of primary residence
  • paying off existing first mortgage

Rates & Terms:

  • All HELOC’s are subject to risk-based pricing
  • Loan rates are variable on all HELOCs. Rates will adjust in January and July of each year and will move in accordance with the prime rate as published in the Wall Street Journal. Any rate changes should comply with the Georgia Fair Lending Act and should never exceed 18% under any circumstances.
  • Terms – 5-year draw period with a 15-year payment period

The maximum loan amount is $100,000 per member and the minimum advance is $1,000. The maximum limit is in addition to any other loan limits in this policy.

Please contact us for more information on home equity lines of credit, or click here for a loan application.

Click here for rates on NGCU home equity lines of credit and click here to view the terms and conditions.