Alaska USA's Home Equity Line of Credit (HELOC) allows you to use the equity that has built up in your personal residence to secure a line of credit that can be used over and over again.
It combines many of the features of the credit union's Residential Equity Loan with the best features of the very popular Credit Line Loan, but with a superior interest rate and terms.
For many members, the interest paid on the HELOC may be tax deductible depending upon their individual circumstances. (This must be determined by your personal tax advisor.)
Note: The Alaska USA Home Equity Line of Credit is currently available only in Alaska and Washington.