Home Equity Loans
Home Equity Loans (HELOC)
Put the equity in your home to work for renovations, debt consolidation, or vacation to name a few!
With our Home Equity solutions you will have a line of credit that you can draw on or pay on over the course of the first five years. At the end of the five year draw period the Home Equity line of credit will no longer allow additional draws.
Many of our Vermont and New Hampshire members enjoy the convenience of having access to their Home Equity line of credit through Home Banking. Many members choose to have their payments and draws through the transfer capability of Home Banking. Simply transfer the desired funds into your checking account and use your Northern Lights Debit Card to purchase building materials for your weekend project. (Some restrictions may apply.)
With a Northern Lights home equity revolving line of credit, you can access your line through your home banking - 24/7 - as you need it! You can pay down on your line and use it again.*
*Call today for further terms and conditions; some restrictions may apply.
**Consult your tax consultant.
What You Get!
Current Rate Specials
You might consider employing a lawn care service. When doing so, heed the following advice from the Federal Trade Commission (FTC):
Talk with neighbors who have used a lawn care service. Inquire specifically about the quality of service. Was service adjusted for weather conditions? In other words, after spurts of heavy rainfall and aggressive growth, did the service respond accordingly? How would your neighbor rate customer service?
Shop around and obtain estimates. The lowest estimate may not necessarily provide all the services you need. Remember that each lawn is different and that your lawn does not necessarily need the same treatment as your neighbor’s lawn. Our lawn is pocked with small peaks and valleys. Commercial, riding mowers leave an uneven cut, so it was important for us to hire a service that would use a push mower.
Make sure you are getting “custom” service. Even the best lawns have weeds and pests. Ask to see evidence of specific and real problems before you agree to any treatment. The service we employ leaves evidence of insects in sealed plastic bags for our inspection. Further, a written report describes areas where pests are prevalent for our investigation. Check to see if the company is licensed with the state. Licensing often requires employees to have special training, especially those who apply pesticides to lawns. Ask what specific lawn care training the employees have. Check with your local consumer affairs office or BBB to learn if any complaints have been lodged against the company. Find out if the company has liability insurance to cover any accidents that might happen while work is being performed in your yard or while pesticides are being applied.
Once you have chosen a lawn care service, secure the deal with a written contract. Peruse the contract carefully; know what specific services and lawn problems are covered and what are not: Are there extra charges for special services, such as fertilizing, disease control, or reseeding? Is the work guaranteed? If it is, get the guarantee (or warranty) in writing. Know when the guarantee expires, and what is included and excluded. What is the cancellation policy? Must you renew annually or is service scheduled indefinitely? Many lawn care service contracts require written notice to cancel.
Could they communicate well with the remodeler?
Were they pleased with the quality of work? (This is a tough question, however, since everyone defines "quality" differently. It is much better to ask to see the completed project to determine the level of quality for yourself.)
Were they satisfied with the remodeler's business practices?
Did the crew show up on time?
Were they comfortable with the subcontractors who were hired?
Was the job completed on schedule?
Did the remodeler fulfill his or her contract?
Did the contractor stay in touch throughout the project?
Were the final details finished in a timely manner?
Would you use the remodeler again without hesitation?
This article was submitted by The National Association of the Remodeling Industry, which is committed to educating both trade professionals and remodeling-ready homeowners. NARI does this by reaching out to a diverse audience in a variety of formats including education, training, publications and programs. Contact NARI at (800) 611-6274. Submission of this article does not imply an endorsement or recommendation of the Financial Resource Center site.
No, you can pay off any NLCU consumer loan without incurring a prepayment penalty.
- Online Loan Application
- Phone our customer service to have an application mailed to you: 800-856-0026
- Visit a local Branch
No, you can apply by phone without being a member, however, you must be eligible for membership. Prior to the loan being funded, you will need to establish a NLCU membership and a Savings Account.
Call our Branch locations for assistance.
St. Johnsbury, VT - 800.856.0026
Littleton, NH - 800.370.6455
Member-owners must be at least 18 years old or be accompanied by a parent or guardian to apply for a loan with Northern Lights.
Yes. Your deposits are insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government. Call customer service at 800-856-0026 for a pamphlet for more information.
Ways to Apply
You must first become a member of Northern Lights if you already are not.
The credit union makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status.
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.