Yes, you can open a Home Equity Line of Credit (HELOC) with First Entertainment Credit Union using a trust. If you want the HELOC to be held in the name of a trust, you’ll also need to open a trust account with us.
You can begin the HELOC application process without being a member, but to fund the HELOC in the name of a trust, you must:
- Establish membership by opening a First500 Savings Account, and
- Open a trust account under the same trust name that will hold the HELOC.
- For specific documentation requirements and next steps, we recommend speaking with a lending specialist.