Equity Lines of Credit

Borrow against the equity in your home

The roof is leaking. You have medical bills not covered by insurance. Your child needs money for college. These are just a few of the reasons that homeowners choose an equity line of credit. Your home is one of your most valuable assets and you can leverage that asset when you need it most. We offer access up to 89% of the value less the amount of the 1st mortgage with a variable payment plan by check or debit card.

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ELOC Features

• Variable payment plan
• Access your ELOC via credit card or check
• May be used for first and second mortgages
• Monitor your account anytime

Home Equity Loans

• Variable payment plan
• May be used for first and second mortgages

Credit Union Equity Line of Credit Disclosures

Interest Rates and Interest Charges

ANNUAL PERCENTAGE RATE (APR) for Purchases	3.25%* Your APR will vary with the market based on the prime rate*
APR for Balance Transfers	3.25%* This APR will vary with the market based on the prime rate*
APR for Cash Advances	3.25%* This APR will vary with the market based on the prime rate*

Paying Interest

Your due date is at least 25-days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.

Federal Reserve Board Credit Card Tips

To learn more about factors to consider when applying for or using a credit card, visit http://www.federalreserve.gov/creditcard.

*Applicants must qualify under normal underwriting guidelines. Rates shown are lowest rates available and may vary depending on loan type, term, applicant credit history and credit union relationship. A relationship discount is offered to all qualified borrowers who maintain an active CDC FCU checking account, debit card, direct deposit and automatic debit. Rates and terms are subject to change.

Variable Rate Information: Your APR may vary. Variable Rate Feature: The Visa Credit Cards have a variable rate feature meaning that the Annual Percentage Rate (corresponding to the periodic rate) and the term of your Visa loan may change due to interest rate fluctuations. The Annual Percentage Rate (APR) includes only interest and no other costs. Maximum APR is 18.00%.

Fees

Transaction Fees

Balance Transfer Fee	None
Cash Advance Fee	None

Penalty Fees

Late Payment Fee	4% of minimum payment not to exceed $25
Over-the-Credit Limit Fee	None
Returned Payment Fee	$26

Miscellaneous Fees

Lost or Stolen Card Replacement	None
Statement Copy Fee	$5

How we will calculate Your Balance

We will use a method called “average daily balance (including new purchases”). See your account agreement for more details.

Billing Rights

Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

The information about the costs of the card described in this application is accurate as of 06/14/2017. This information may have changed after that date. To find out what may have changed, call 404-325-3270 or 800-245-9655, visit cdcfcu.com, or write CDC Federal Credit Union, P. O. Box 49169, Atlanta, GA 30359-1169.