Fees & Disclosures
Home Equity Line of Credit
*APR = Annual Percentage Rate.
The introductory rate will be in effect for 12 months. After the introductory rate, the variable annual percentage rate can change semi-annually on the first day of February and August. The variable rate will be based on the Prime Interest Rate published in The Wall Street Journal. There is no limit on the amount by which the annual percentage rate can change during any one-year period. The maximum annual percentage rate that can apply is 18.0% or the maximum permitted by law, whichever is less. However, under no circumstances will your annual percentage rate go below 4.0% at any time during the term of the plan. Minimum loan amount is $10,000. 1- to 4-family owner-occupied properties only. This is a variable rate home equity line of credit secured by a mortgage on your home. No annual fee and no minimum balance requirement. Closing costs paid by ONE Credit Union. If you terminate the line of credit within the first 36 months from day of closing you must repay all closing costs ONE Credit Union paid on your behalf. All accounts are subject to individual approval. Property insurance naming ONE Credit Union as mortgagee is required. Flood insurance may be required. Rates apply to new accounts and may not be applied to existing accounts. Other terms and conditions may apply and are subject to change without notice.
Home Equity Loan
APR = Annual Percentage Rate. The actual APR may be higher based on the credit worthiness of each applicant. Various rates apply depending on the term chosen. Terms available from 36 to 180 months on second lien position loans. 1 to 4-family owner-occupied properties only. Rates may change without notice. This is a fixed rate home equity loan secured by a mortgage on your home. All loans are subject to individual approval. Closing costs paid by ONE Credit Union will vary. If you terminate the line of credit within the first 36 months from day of closing you must repay all closing costs OCU paid on your behalf. Property insurance naming ONE Credit Union as mortgagee is required. Flood insurance may be required. Rates apply to new accounts and may not be applied to existing accounts. Other terms and conditions may apply.
Mini Equity Loan
APR = Annual Percentage Rate. The actual APR may be higher based on the credit worthiness of each applicant. Various rates apply depending on the term chosen. Terms available up to 120 months on second or third lien position loans. 1 to 4-family owner-occupied properties only. Rates may change without notice. This is a fixed rate home equity loan secured by a mortgage on your home. All loans are subject to individual approval. Closing costs are paid by applicant. Closing costs are typically less than $600. No prepayment penalty. Property insurance naming ONE Credit Union as mortgagee is required. Flood insurance may be required. Rates apply to new accounts and may not be applied to existing accounts. Other terms and conditions may apply.
NCUA share insurance up to $250,000.
As a member of ONE Credit Union, you’ll enjoy the peace of mind that comes with knowing your deposits are automatically insured by the National Credit Union Administration (NCUA) for up to $250,000.
The NCUA is the independent agency of the U.S. Government that is responsible for managing the National Credit Union Share Insurance Fund (NCUSIF). NCUSIF was established by Congress in 1970 to insure member share accounts against loss within specified legal limits.
NCUA protection up to $250,000 is automatically in effect on your shares here and applies to both new and old accounts.
On each Visa® debit card, there is a per day limit of $510.00 ($10.00 for surcharges) used at an ATM. There is also a per day limit of $1,000 used as a debit-purchase with your PIN Number. On each account, there is a limit of $2,000 for credit-signature transactions less outstanding authorizations (purchases made but not posted to your account).
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.