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Branches Opening at Noon

Based on improving conditions, all Texans CU branch locations will be opening at 12:00pm on Thursday, February 2nd. We look forward to serving you in-person, over the phone, or through any of our digital channels. 

Message Last Updated: 9:30am CST, February 2nd

Branch Locations

Home Equity FAQ

Yes, if the principal balance at any time exceeds 50 percent of the fair market value of your home, as determined on the date the line of credit is established, you may not continue to request advances under the line of credit until the balance is less than 50 percent of the fair market value. A member’s initial draw from the line is not subject to this restriction provided the funds are advanced at time of loan closing (up to 80% LTV).
Yes, after the later of the loan application or the giving of a constitutionally specified notice, lenders and borrowers must wait 12 days before loan papers can be signed, and there is an additional three-day right of rescission period before funds can be disbursed. This cooling off period allows borrowers time to review all aspects of the equity loan.
The maximum loan amount is $250,000 (determined by the equity in the homestead). The minimum loan amount is $5,000. Home equity lines of credit have a minimum draw/advance of $4,000.
The maximum term for a Texans home equity loan is 20 years.
You may pay off part or all of the loan at any time with no prepayment fee or penalty.
You can use the money from a home equity loan for any purpose, such as sending a child to college, paying medical expenses, home improvement, emergencies, or debt consolidation. A home improvement loan, however, must be used for home improvements performed by a licensed contractor.

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