Salal Credit Union

News & Updates

Special intro HELOC rate

Make Your Home Equity Go Further

You’ve worked hard to build up your home equity. Now let us help you bring your home improvement visions to life. Apply now until March 31 and get a 1.99% intro APR through December 31, 2020, on a new Custom Fit Home Equity line of credit. Starting on January 1, 2021, your home equity line of credit will switch to a variable APR between 5.49% and 7.74%, based on the Wall Street Journal Prime Rate and your credit score.

$0 Application, Origination, Prepayment, or Annual Fees.

If you need to pay an appraisal fee, we’ll pay half of it. The member portion of the fee is currently between $390 and $450.

Featuring variable rates lower than most credit cards, using a home equity line of credit can save you money and allow you the flexibility you need to tackle your home improvement projects and much more.

Apply Now


Financial Flexibility for Life’s Big To-Do List

Custom Fit Home Equity gives you quick access to funds when you need them, along with the freedom to lock in a great rate on up to five fixed-rate loan segments at any time. Our members have used Custom Fit for expenses such as:

  • College tuition and educational expenses
  • Consolidating high-interest debt
  • Home improvement and remodeling projects
  • New business ventures
  • Down payment on a second house
  • Emergency funds
  • Medical expenses

Learn more about this uniquely flexible way to make your home equity work for you.

Learn More


Start Using Your Home Equity Today

Custom Fit is a smart and affordable way to finance big expenses—and be ready for whatever life sends your way.

Get started online

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Apply in person at any Salal branch

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Speak to a financial expert

Call 206.298.3494 or fill out the form below and have us contact you.

Request a Call - Custom Fit Promotion

*Available in WA only.
1 APR=Annual Percentage Rate.
2 During introductory period: 1.99% introductory APR for when the line of credit is first funded through December 31, 2020. Introductory APR available for new Custom Fit accounts only. Applications must be received February 1, 2020 – March 31, 2020 to be eligible.
3 After introductory period – Starting January 1, 2021: Index=Wall Street Journal Prime Rate. The APR is variable and may change during the term of the loan. The minimum APR is 3.24% and the maximum APR is 18.00%. Actual APR will be based on creditworthiness, loan-to-value (LTV), and the owner occupancy status of the subject property.
After the introductory rate ends, on January 1, 2021 the line of credit rate will decrease by 0.25% if 2,500 Salal Rewards points are redeemed at the time of application for the Custom Fit Home Equity Line of Credit.
Subject to credit approval; not all will qualify. Rates effective as of 2/1/2020. Maximum LTV available based on approved credit and valuation of the property. Homeowners insurance required. Residential real estate only. Subject property must be located in Washington state and vested in borrower’s name. To open the account, members pay half of the appraisal fee (member portion approximately $390 to $450); all other fees are covered by Salal Credit Union. Interest may be tax-deductible. Consult a tax advisor regarding the deductibility of interest. Salal Credit Union NMLS #416045.