Ever wonder how out products compare to other ones in the market? Here's a comparison chart to help point out the ways we're a better choice.
| MECU Home Equity Line | Citibank Home Equity Line | Bank of America Home Equity Line |
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Loan-to-value | 100% | 90% | 50% | | Lifetime APR cap | 18% | 18% | 24% | Terms | 5. 7.and 10 years | 5, 10, 15, 20, and 30 years | up to 25 years | Application fee | $0 | $0 | $0 | Closing costs | $0 | $0 | $0 | Points | No | No | No | Annual fee | $0 | $50 (except if property is in Texas) | $75 | | Limits | $5,000-$500,000 | $10,000-$500,000 | $25,000-$500,000 |
Features current as of 10/30/09, and obtained from each company's website. This comparison assumes a 100% LTV home equity loan in Illinois, without any additional services such as direct deposit.
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 Compare MECU's rates to the competition
 List of all MECU fees Maximum Annual Percentage Rate (APR) is 18%. The credit union makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status.
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