May 2021 President’s Message

President's Message from Donald Rausch, VCCU CEO

Moving forward together and unlocking the potential in your home’s equity. If you have worked hard over the years to pay the mortgage on your home, why not put that equity to work so you can relax? Whether you have been dreaming of lounging in the sun on a new deck or paying off debt that has been hanging over your head, a home equity line of credit (HELOC) could be a great option for you.

With a HELOC, you can pay for things like home repairs, debt consolidation, medical costs, tuition, emergency expenses and more – usually at a rate much lower than a credit card.

I get asked what is a HELOC? A HELOC is a form of revolving credit. It is like a credit card that uses the equity you have built in your home as collateral. If you have owned your home for a while or it has increased in value, you would probably be a good candidate for a HELOC.

For example, if you have credit cards or personal loans with high interest rates, you could us a HELOC to pay them off. Depending on your balance, you could save hundreds on monthly payments and thousands in interest payments by transferring those balances to a low-rate HELOC.

Whether it is transforming your starter home into your dream home or eliminating lingering card debt, unlock the potential in your home’s equity with a HELOC and get one step closer to achieving your dreams.

We at VCCU are here to help guide you forward.

Thank you for being a member/owner of VCCU.


Donald Rausch

photo of VCCU office

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