Thank you for your patience the past few weeks as short staffing has caused us to make changes to our lobby hours. And this week, half of the staff we have is off due to health issues. We apologize for the inconvenience, and are taking steps to hire qualified candidates to resume the level of service members deserve and have been accustomed to. The country's labor market makes this difficult as we are sure all of you are experiencing other small, and large businesses in similar situations. We assure you the credit union is safe, sound, and financially solid. There is no truth to comments on social media and from folks spreading rumors of the CU being insolvent or going "under". Quite the opposite as we prepare for some exciting strategic plans for 2023 and beyond. The auditors and examiners recently completed our 12-31-22 audit and exam, and reported solid results for our credit union. Feel free to contact me if you have further questions. Again, thank you for your patience.
Sandy Hollenberg, CEO.
Current Lobby Hours are M-F 10am through 4pm.
YS FCU Mortgage

Home Equity

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Home Equity

YSCU Home Equity Line of Credit and Home Equity Loan

Let your house help pay. Whether you need a loan for debt consolidation, home repairs, a new car, college tuition or a wedding, YSCU can help with a low fixed-rate home equity loan or low variable-rate home equity line of credit that will save you money!
Using the equity in your home is a smart way to borrow. You have the advantages of a lower rate than a personal loan, and the interest may be 100% tax deductible.*

To obtain a home equity loan or home equity line of credit, the first thing you need to determine is how much equity you have in your home. Using the chart below, estimate your available equity. YSCU loans a maximum loan-to-value of 80%. **

 

Current market value of your home: $_______________
Multiplied by 80% = ________________
Minus any remaining balance on your first or other mortgage(s): $_______________
Your potential, available home equity**: $_______________
YSCU Home Equity Line of Credit (HELOC)

Borrow up to 80% of your home’s value, less what is owed on your other mortgage loans against you home, with a YSCU home equity line of credit. Available to qualified members, rates are as low as 3.99%*. Certain restrictions may apply.

Whatever your needs, you’ll benefit from a competitive variable rate, and you’ll enjoy easy access to your available funds through easy transfers via YSCU online banking, in-office withdrawal, mail, mobile app, or by phone request. Borrow funds as needed over a 10-year draw period and repay it over a total of 15 years.

YSCU Home Equity Loan

A fixed-rate YSCU home equity loan** allows qualified members to finance up to 80% of their home’s value, less what is owed. Borrow a fixed amount and repay it over a period of time, up to 15 years. You can also make payments quickly and easily through the YSCU online banking service, in office, by mail, by mobile app, or calling the office. See our low fixed home equity rates.

*HELOCs: The Annual Percentage Rate (APR) is a variable rate based upon the current prime rate as listed in the Wall Street Journal.  Currently the rate is discounted lower than the WSJ Prime rate, but the discount is subject to change at any time. The maximum APR that can be applied is 18%. . Fees and closing costs may apply. Consult your tax advisor regarding the deductibility of interest. Certain restrictions may apply. Speak with a YSCU associate for details.

** Home Equity Loans: The Annual Percentage Rate (APR) is a fixed rate for the duration of the loan term. Fees and closing costs may apply. Consult your tax advisor regarding the deductibility of interest. Certain restrictions may apply. Speak with a YSCU associate for details.

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