AAEC Credit Union
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News and Updates

Looking for the perfect gift? VISA Gift Cards are available in any amount from $10 - $1000. Members may purchase up to 5 cards a month with no fee! In a hurry - call ahead and we will have them ready for you.

Need a month off from loan payments? Click to purchase a Skip-a-Pay coupon.

Teller Express phone number has changed to 855-605-9178.

Have you shared AAEC with your family? They are eligible for membership, too!





 

Home Equity Line of Credit

Take advantage of the equity in your home to make some home improvements, pay college tuition, take a vacation, or handle other personal matters. Please stop by our office or call one of our Loan Officers for more information.

AAEC members can apply for a HELOC on their primary residence located in Illinois. This open-end loan ensures instant cash for life's unexpected surprises or other purposes that require a loan.

Borrow up to 80% of the current appraised value of your home, less any outstanding 1st mortgage. AAEC's HELOC is a revolving line of credit that can be drawn upon for 20 years and is amortized over a 10 year period. The 10 year pay back period renews with each advance.

The minimum initial advance is $10,000 and subsequent advances must be at least $500. Our HELOC is secured by a mortgage lien and often offers tax-deductible benefits. Be sure to consult your tax advisor for details.
 
  • No annual fee
  • AAEC pays all closing costs including appraisal expenses
  • Borrow from $10,000 to $150,000
  • Competitive variable rate adjusts semi-annually
  • Take subsequent advances by voucher or by writing a check
  • 24/7 online account access