Media City Credit Union, a local financial cooperative that gives its earnings back to its member-owners, has another great HELOC offering for its members. And if you’ve never done HELOC before, here are the cliffside notes to help you out:

Build for your future.

A home equity line of credit, also known as HELOC, is secured by your home and allows you to access the available equity in your home. The best part about the loan is that you don’t pay more than you need to. You can start building for tomorrow, today. Features of this program include:

• PREMIUM + 0% * based on Wall Street Journal prime rate.
• FINANCE UP TO 80% OF APPRECIATED VALUE for Fixed Home Equity Loans and Home Equity Lines of Credit (less any first mortgage balances) on owner-occupied homes up to $ 250,000.
• NO EARLY PAYMENT PENALTY which means you can pay it off sooner.
  
  A loan you can lean on.

Whether you’re doing home repairs or consolidating your debt, a Home Equity Line of Credit from Media City Credit Union can help. Credit unions are a great place to get your HELOC – with competitive rates, insurance through the NCUA, and friendly faces every time you visit. Become a member and you can request your own HELOC by calling us at (818) 238-2950.

^* Prime rate based on the Wall Street Journal prime rate. Qualification based on credit history, debt, loan-to-value ratio, and repayment capacity. Other conditions may apply. Program subject to change without notice. 12-month introduction at fixed rate Prime + 0, then at variable rate after 12 months (Prime Plus + 0.50%) 3.75% APR.

About Media City Credit Union

Media City Credit Union has been serving its members since 1936, when it was founded by

employees of Helms Bakeries. A credit union is like a bank, only better. Media City offers checks, savings, credit cards, and loans, but the benefits flow back to members in the form of lower fees, higher savings rates, and lower loan rates. Media City CU is a financial cooperative, giving back to its member-owners.

The credit union provides free access to 75,000 ATMs worldwide and provides online account access. If you live, work, worship, or go to school anywhere in Burbank, or have a parent who is already a member, you can also become a member. As soon as you join, your family members also become eligible. Media City CU has partnered with the ChangeWorks Foundation and by donating a minimum of $ 25 to this wonderful cause (Media City is the $ 25 donation) you also become eligible for membership. New members have immediate access to all services, including loans.