Need extra money? Know all your options


Every now and then, we need access to extra cash, whether it’s for a home remodel, a personal loan, or maybe for a vacation. Where do you turn? We have Scott Dobson from Consumers Credit Union here to tell us about some options.

Consumers Credit Union HELOC

Home Equity Line of Credit

  • Flexible open line of credit that can be used and paid on an ongoing basis
  • Interest may be tax deductible
  • Can link directly to your checking account as overdraft protection
  • Rates typically less than credit cards
  • No application fees
  • If not using funds, there are no charges


Draw Period:

  • 10 years
  • Variable rate
  • Variable payment; interest only


  • 20 years
  • Variable rate
  • Variable payment
  • Principle and interest payments

Home Equity Loan

  • Fixed rate for specific, one-time costs
  • Interest may be tax deductible
  • No application fees

Silver Lining Lending

  • Consolidates loans with a competitively priced home equity product for those reaching retirement age with a changing budget
  • No application fees
  • 1st lien position only

Upcoming Consumers Credit Union events:

MS Walk

  • Grand Rapids – May 18
  • Holland, MS Bike – June 1

Consumers Credit Union
1-800-991-2221 & 269-345-7804
20 locations &  30,000 ATMs for members

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