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    Hi! Is there something I can help you find?

    • What would you like to borrow for?
      • A home
        • Great, what are you more interested in?
          • I’d like to buy a home, or refinance my current loan.
            • Sounds great. We offer Mortgage Loans at great prices, as well as refinancing options.
          • I want to make some environmentally friendly home improvements.
            • Let’s get started making our community greener. We offer no-collateral Home Improvement loans just for that. We think you’ll love our rates.
          • I’m more interested in using the value in my home to get a loan.
            • Sounds good. Would you prefer a lump sum of cash for your loan, or more flexible spending?
              • Lump sum
                • Sounds like you are looking for a Home Equity Loan. It’s a great way to secure a lower rate, and you can use the money on any expense.
              • Flexible spending
      • A car
      • Something fun
        • What are you interested in?
          • Boat
            • Awesome! Let us help you get on the water. We offer low rates and long terms to make your Boat Loan payments affordable.
          • Personal Watercraft
          • Motorcycle or ATV
            • You’re one step closer to hitting the open road or trail. We have the right financing on Motorcycle and ATV Loans to make it happen.
          • Motorhome, Campervan or Travel Trailer
      • Something else
        • Okay. Business or personal?
          • Business
            • Sounds great! We offer a wide range of Business Loans, including loans for vehicles, equipment and real estate.
          • Personal
            • Terrific! We offer Personal Loans for any need, including weddings, vacations and debt consolidation.
      • I’m mostly interested in a credit card
    • What would you like help with?
      • Accessing my accounts
        • Okay, how would you like to access your accounts?
          • Online
            • Ok! If this is your first time using Online Banking?
              • Yes
                • Okay! To enroll, call us during normal business hours at 314.962.6363 (or 618.239.6363 for Illinois members; 1.800.719.6363 if you are outside of the St. Louis area) and press option 6, then 2.
              • No
                • Great. To access your account, simply click “Login” in the upper right hand corner of the page.
          • On my mobile device
      • Opening a checking account
        • Great! What do you care most about in a checking account?
          • Earning interest
            • Okay! Both our Advantage Plus Checking and Value Checking accounts earn interest. Advantage Plus earns higher interest than Value Checking. With Value Checking, there’s no monthly fee if you maintain an average daily balance of $500 or more.
          • Having no fees
          • Getting free checks
            • Great! Take a look at our Advantage Plus Checking account, which features free regal style checks (and 50 percent off custom checks).
      • Signing up for eStatements
        • Cool! If you are already signed up for and using our online banking service, all you need to do is click on the eStatements tab within online banking and accept the disclosure that appears.
      • Running my small business
        • Our partner Payscape offers several online cash management services to help you track and adjust sales, process electronic forms of payment, create and automate digital invoices, manage a shopping cart on your company’s website and much more.
      • Getting insurance
      • Setting up alerts and controls
      • Reporting a lost or stolen card
        • We’re sorry to hear that. Is this during or after business hours?
          • During
            • Please call us at 314.962.6363 or 618.239.6363, and press option 6, then 1.
          • After
            • If it’s your debit card, please call 1.888.918.774. If it’s your credit card, please call 1.866.820.3035.
    • What would you like to save for?
      • An upcoming holiday or vacation
        • Sounds lovely! We have both Christmas Club and Vacation Club accounts available to our members. Check out our Regular Savings page and scroll down for more info.
      • Retirement
      • College
        • Meet with our financial advisor to learn about the different options available for funding a college education, including the Coverdell Educational Savings Account and the 529 College Savings Plan.
      • Something else – and I’d like to earn a good interest rate
        • Do you have some money saved up already?
          • Yes, quite a bit
            • Nice! Are you okay with leaving your money untouched for a while?
              • Sure
                • Cool! We think you might like one of our CDs. You agree to leave your money untouched for a while in exchange for a higher interest rate.
              • I’d prefer to make withdrawals when I need to.
                • Sounds good. Check out our Money Market account. It’s a little more flexible, but still gets you a higher rate.
          • Not much
            • No worries. Once you open a Regular Savings account, you can open secondary accounts for whatever you need, including college, rainy day funds and more.
      • I’d prefer just a basic savings account
        • Ok! Our Regular Savings sounds just right for you. It also secures your Arsenal membership.

    Home Equity Lines of Credit

    “I have been a member since the 80s. I've always have been really happy with any loans that I have had and the staff is always friendly and helpful.”

    William S.

    Credit at your convenience

    A home equity line of credit, or HELOC, lets you draw on your home’s value at your convenience. You’ll receive a line of credit you can access when needed, which helps you borrow only what you really want. Use your HELOC for anything you want, including home improvements or everyday repairs.

    We give you more

    When you choose Arsenal as your lender, we’ll make sure you get a great deal. We’ll let you choose how much to borrow and even waive your closing costs.

    1. 1

      Borrow more

      Most lenders will only let you borrow 80 percent of your home's equity. We offer that too, as well as a hefty 100-percent option.

    2. 2

      Save more

      Save big when we waive your loan's closing costs. For many Arsenal members, this means saving $500 to $700.

    3. 3

      Stress less

      Our low-rate Home Equity Line of Credit won't leave you scrambling to get an expensive payment together every month.

    Get your loan

    Simply come into one of our branches or give us a call to get started.

    Call or Visit Us!

    Rates

    Loan Type APR* TERM
    Variable-Rate HELOC (Home Equity Line of Credit) - 80% Equity Prime 120 months 240-month amortization adjustment cap: 2%; floor rate: 4.50%; life cap: 20%
    Variable-Rate HELOC (Home Equity Line of Credit) - 100% Equity Prime + 1.0% 120 months 240-month amortization adjustment cap: 2%; floor rate: 6%; life cap: 20%

    APR = Annual Percentage Rate, subject to change and based on creditworthiness. Rates as of 05-01-18.

    - Variable Rate - 80% and 100%
    - Equity is the difference between what you still owe on your house (mortgage balance) and what your house is worth on the market now (appraised value).
    - MO property located in St. Louis City, county, and adjacent counties (St. Charles, Jefferson, Franklin) and IL counties of St. Clair, Madison, and Monroe

    Calculator

    For more advanced calculations options please take a look at Member Home Loan's mortgage calculators

    Loan Calculator

    Format: 12m, 36m, 3y, 7y

    FAQs

    Use this calculator to find out.
    The "equity" you have in your home is the difference between what you still owe on it (your mortgage balance) and what your house is worth on the market now (the appraised value).
    They include title search, title company representative fee, document preparation and an appraisal to evaluate the market value of your property. Typically, closing costs total 2 to 5 percent of a home equity loan.
    The only place to get a truly free credit report is AnnualCreditReport.com. You can receive one from each credit-reporting bureau – TransUnion, Equifax and Experian – every year. It's best to stagger your three reports throughout the year. For example, get your TransUnion report in January, Equifax in May and Experian in September.
    Yes, go here to update your insurance information.
    Currently, you must visit a branch to complete a home equity loan application. You can also get the process started by calling us at 314.962.6363 or 618.239.6363, option 4.

    Still have questions?

    Ask a question right now.

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    Get your loan

    Call or Visit Us!

    ACU may pay closing costs for home equity loans or lines of credit. If the borrower repays the loan within the first 12 months, the borrower must reimburse the credit union for the closing costs. Borrower is responsible for obtaining and paying for comprehensive insurance to cover the value of the real estate. Your interest may even be tax deductible; check with your tax advisor.

    View our Home Equity Line of Credit Disclosure.