Home Equity Loans

SECNY is a proud lender to homeowners in Central New York. We are your local partner!

Our mortgage department is comprised of a team of professional, knowledgeable individuals. Our primary focus is on the personalized service we provide our members. With our great rates, customized lending solutions and quick processing time, you will be sure to love us and the all the services we have to offer, now and in the future! Automatic payments, payroll deduction and direct deposit are just a few of the services we offer to our members.

What is the difference between a Fixed Rate Home Equity Loan and a Home Equity Line of Credit?

Both are based on the equity you have built up in your home. Consolidate bills, finance your child's education and more! Interest may be tax deductible. Consult your tax adviser before making any major financial decisions. Life and Disability Insurance is available upon request.

Fixed Rate Home Equity Loan

With our Fixed Rate Home Equity Loan, you receive the money you are borrowing all at once and repay it over a set amount of time, at a fixed interest rate. 

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC) is a variable rate line of credit. Draw funds as needed and pay interest only on the amount you draw. Refer to the Home Equity Early Disclosures for details. 

Important Info about HELOCs Home Equity Early Disclosures

Ready to apply?

All eligible borrowers will need to become  a member of the credit union and open their membership account prior to or at time of application. View membership eligibility. 

Become a SECNY Federal Credit Union Member

Please see the checklist below for a list of items needed to process Home Equity Loans and HELOCs.

Home Equity Checklist View Rates

Online Home Equity Application

Home Improvement Loan

Designed for a variety of purposes such as energy conservation and various home improvement projects. Rates change periodically. Contact your local branch for more information. Life and Disability Insurance is available upon request for Home Improvement Loans.

Apply Online View Rates


Contact Us

or visit one of our branch locations to open an account today!