Home Equity Line of Credit (HELOC)

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A Home Equity Line Of Credit (HELOC) from Melrose CU can help you afford a vacation home, your child’s education, a new vehicle or any other type of expense. With our Variable Rate HELOC, you can borrow against your home's accumulated equity without disturbing your savings or other investments. You get the available credit you need, whenever you need it.


Since Melrose Credit Union has an open New York State charter there are no geographic or group affiliation field of membership restrictions. So, regardless of where you live or how you earn a living, you may qualify for membership. There is a $1.00 one time membership fee and a minimum opening deposit of $25.00. Individuals must provide:

  • Valid Photo ID
    (Driver’s License, Non-Driver ID, Passport)
  • Proof of Address (Utility Bill)
  • Social Security Number