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Home Equity Loan

Flexible, affordable financing.

For home improvements, large purchases, debt consolidation, or other expenses, a home equity loan provides a lump-sum, competitive-rate option secured by your home equity.


Lump sum

Get your funds in a lump sum for the cash you need.


Flexible terms

Choose from 5, 10, or 15-year terms.


Expert local support

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

Calculate your monthly payment1

Monthly Payment

Lump Sum

One and done

Unlike a line of credit, a home equity loan provides funds in a lump sum deposited directly into your account.

Young parents and their daughter learning to walk
Competitive Rates

Borrow more for less

Funds are secured by your property, which often lets us offer lower rates than with other personal loans.

Dad and his two young daughters doing online homework
Tax Deductible

Save more

Your loan interest may be tax deductible to help you save even more.2 You can't deduct interest from credit cards or unsecured loans.

Father walking son to school

Trust is a top reason members choose Members Mortgage.

— 2023 Mortgage Processing Survey

How it works

It's easy to get a home equity loan.

  • 1

    Complete an application

    Apply online, over the 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

    We'll deposit the proceeds in your account after the loan funds.

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

Low-rate funding for… whatever!


Finance anything from home improvements to unexpected expenses with an affordable home equity loan.


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.
2 Tax treatment is subject to applicable laws and regulations. Members does not provide tax advice and cannot determine whether you are eligible for deductions. Please consult with your own tax advisor for information.

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

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

Memorial Day Holiday Closure All offices will be closed on Monday, May 27, in observance of Memorial Day. ATMs, mobile services, and online banking are available 24/7! View all our holiday closures.