A quick look at a Home Equity Line of Credit:*

  • Choose your access. Tap into your credit line by visiting one of our branches or managing your account from a computer or mobile device.
  • Know your limits. You can borrow up to 80% of the equity you have in your home. Equity is the difference between your current mortgage balance and your home’s market value.
  • Eliminate your fee. The annual fee of $30 will be waived if you have your monthly payment automatically withdrawn from a Workers checking account.
  • Ask your accountant. Interest paid on lines of credit may be tax deductible. Your tax professional can provide you with details.

A Quick Fix for Your Cashflow Crunch

It’s a do-it-yourself world. Cell phone cameras turned everyone into a photographer. Online trading created countless stockbrokers. Drivers morph into auto mechanics after watching YouTube videos. Now you can be your own loan officer. With a home equity line of credit, we set an overall limit and you decide when borrowing money is better than blowing a hole in your monthly budget. It’s a good way to cover periodic tuition bills or pay off contractors after each phase of a home improvement project. That is, if you’re not doing all the work yourself.

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Convenient Locations

Workers Credit Union provides in-person banking services and financial coaching at locations in Worcester, Lowell, Fitchburg, Gardner, Chelmsford, Westford, Groton, Townsend, Lunenburg, Lancaster, Leominster, Athol, Hudson, and Orange, MA.

Apply for your Home Equity Line of Credit online or contact us with any questions.

Home Equity Line of Credit PAIRS WELL WITH...

Not ready to make the jump? Take a look at some of the other options, we’re sure you’ll find what you were looking for.

High Interest Checking

Earn up to 1.26% APY*

Auto Loans

Get in gear with a Auto Loan as low as 3.49% APR*


Rates subject to change without notice. Offers may be withdrawn at any time. Workers Federal Credit Union membership required. Other restrictions may apply.There is a 10-year draw period and a 10-year repayment period. Maximum combined loan to value is 80% for owner-occupied primary residence and 75% for owner-occupied second homes. An annual fee of $30 will be waived if the borrower has the monthly payment paid automatically from a Workers’ checking account. Homeowner’s insurance is required. $350 early termination fee will be charged if discharged within the first two years. Subject credit underwriting. Maximum interest rate is 18%. Minimum interest rate is 2.99% Current Wall Street Journal Prime is 3.25%.  Minimum line amount is $25,000.

A Safe Place for Your Money

As a member of Workers, take comfort in knowing that every dollar you deposit is safe, secure, and 100% insured. All deposits are fully insured by a combined insurance coverage of the NCUA, up to $250,000, and the MSIC covers the rest. Now that’s safe keeping.