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Home Equity Loans and Lines of Credit

The equity you've built in your home is precious and powerful. Cooperative Federal can help you leverage that equity for a variety of borrowing needs, without sacrificing your future security. 

Loan Types

Coop Fed offers Home Equity Lines of Credit (HELOCs), a type of mortgage which allow you to draw down funds on a revolving basis for up to fifteen years. Monthly payments are based on the amount you owe at a given time, and adjustable interest rates. 

We also make closed-end Home Equity Loans. These imortgages are nstallment loans have fixed interest rates and flat monthly payments.

Start a Mortgage Application Now*

*Clicking this link will take you away from Cooperative Federal is not responsible for content on outside websites.

You can also email the mortgage team or give us a call at (315) 473-0244. 

Loan Purposes

You can use a Home Equity Loan or HELOC for practically anything. Popular uses include

  • Home Improvement or Repair
  • Appliances
  • Energy Conservation
  • Solar Electric Installation
  • Debt Consolidation
  • Property Tax Refinance
  • College Tuition / Educational Expenses
  • Small Business Expenses
  • Other Cash Out

Home Equity Loans and HELOCs are secured by a lien on your home. They may have tax benefits; consult your tax advisor for details and guidance. 

Contact a Mortgage Specialist

Ready to get started? You can contact the Mortgage Department directly or sumbit an Online Application.


All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Contact us for current rates, terms and conditions.