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Put the Equity in your home to work for you.

 Home Equity


1 The APR is based on the value of an index.  The index is the Prime Rate published in the Money Rates column of the Wall Street Journal.  We will use the most recent index value available to us as of the last working day of the quarter previous to any rate adjustment.  The initial APR may be “discounted” – that is, not based on the index and/or margin used for subsequent rate adjustments. 

2 After the expiration of any discount period, the APR can change quarterly on the first day of January, April, July, and October.  There is no limit on the amount by which the APR can change during a calendar year.  The Maximum APR that can apply is 18.00% or the maximum permitted by law, whichever is less.  

To receive the introductory rate you must take an initial draw at closing from the new Equity Line of greater than or equal to $10,000.  Initial balances of greater than or equal to $10,000 as well as any other outstanding balances on your new Equity Line during the first 12 months after loan closing date will be calculated at the introductory discounted fixed rate.  

After 12 months, your APR changes to a variable rate which is the current Prime Rate as published in the Wall Street Journal on the last working day of the quarter previous to any rate adjustments.  

The applicant must have a minimum line of $35,000, less than 80% combined loan-to-value, a 670+ Beacon credit score, a MCCU checking account, and make payments using auto-draft from a MCCU checking account.  

3 Consult your tax advisor regarding the deductibility of interest.

Property insurance is required.  Title insurance and flood insurance may be required as subject to the underwriters.

*Current prime rate is accurate as of June 15, 2017 and subject to change without notice.


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719 Highway 1 South, Lugoff, SC 29078
803-432-8521 or 1-800-433-5226
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