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Home Equity Line of Credit

Let your home lend a hand

Use your home's equity to open a line of credit for ongoing expenses, like renovations, purchases, or financial flexibility.


Flexible fund withdrawal

Access funds in full or in part for immediate or future needs.


Interest-only period

Pay only interest in the beginning so you have more financial flexibility.


Expert local support

From origination through the life of your loan, we provide a high-success, low-stress experience.

Calculate your monthly payment1

Monthly Payment

Loan Amount
Line of Credit

Unmatched financial flexibility

Draw from a HELOC as needed, up to a maximum amount. Use as much or as little as you want— you only pay on the current balance.

Family baking cookies with their daughter
Variety of Uses

For whatever life brings

A HELOC is great for ongoing, variable expenses like home improvement projects. Draw what you need, when you need it.

Young adult making home improvements

Trust is a top reason members choose Members Mortgage.

— 2023 Mortgage Processing Survey

How it works

It's easy to get a home equity line of credit.

  • 1

    Complete an application

    Apply online, by phone, in person, or through video banking.

  • 2

    Get approved

    We'll crunch the numbers and let you know if you're approved.

  • 3

    Use the funds

    Draw on your line of credit to pay for ongoing expenses.

Apply now

Have questions? We're here to help!


Schedule an appointment


Schedule now


Meet virtually


Video Banking


Give us a call


Call 218-625-8580

Use your equity flexibly

A HELOC provides funds you can draw from for ongoing expenses. Pay only on the balance you use and stay in control of your finances.


Apply now


1 The calculator is provided for informational purposes only and any calculation is solely an estimate based on the information you provide. Calculations do not include amounts for taxes and insurance premiums, if applicable, and your actual payment obligation may be greater. Contact Members Cooperative Credit Union at 1-800-296-8871 for more information.

Members Cooperative Credit Union lends to Minnesota and Wisconsin residents only and property used for mortgage security must be within the states of Minnesota and Wisconsin. Membership and loan approval is required.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at any branch office regarding the locations where HMDA data may be inspected.

Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers.

Video Banking

Juneteenth Holiday Closure All offices will be closed Wed., 6/19, for Juneteenth. β€―ATMs, mobile services, and online banking are available 24/7. View all our holiday closures.