Your OneAZ Home Equity Line of Credit.

When your HELOC funds, an initial $10,000.00 draw must be completed. The funds from your initial draw will appear on your monthly statements and in Online and Mobile Banking.

If you are paying off debt with your initial draw, a check from OneAZ to the 3rd party will be sent through the U.S. Postal Service.

You may draw on your line of credit for 10 years before the repayment period begins.

With Online and Mobile Banking, you can set up scheduled transfers to your OneAZ HELOC account.

For assistance with automatic loan payments, visit OneAZcu.com/help or YouTube.com/OneAZCreditUnion.

For personal assistance, connect with our Member Care Center at 844.663.2928 and through Live Chat and Secure Message.

Our team is also available by email HomeLoanDepartment@OneAZcu.com.

OneAZ must be promptly notified of any changes in your homeowner’s insurance. You are required to maintain a homeowner’s insurance policy for the duration of your Home Equity Line of Credit.

Connect with our team at 800.453.0195 or email HomeLoanDepartment@OneAZcu.com to notify OneAZ of a change in home insurance.

Your Home Equity Line of Credit balance will appear in Online and Mobile Banking. Within Online and Mobile banking, you may select to receive your monthly statements through mail or electronically. If you select eStatements, you will receive an email each month once your statement is ready to view.

You may also arrange payment notifications in Online and Mobile Banking.

Interest on your Home Equity Line of Credit is calculated using the simple interest method. Under the simple interest method, interest is accrued each day.

When you complete a payment to pay down the principal balance of your HELOC, please remember interest has also accrued and will become due on your next statement.

Please allow 10-15 business days for the funds to be received and processed by your 3rd party provider. OneAZ may review lost mail options with you on the 16th business day.

In most cases, a fee may be assessed for early termination on a Home Equity Line of Credit. When closing the loan, lien release and processing fees will be assessed. Please review your contract for additional details.

You Home Equity Line of Credit term is 25 years. You may draw on your line of credit for the first 10 years. Then there is a 15-year repayment period.

During the repayment period, you are no longer allowed to draw against your line of credit. You will pay the balance due in the form of a monthly principal and interest payment.

A Pay Down request lets OneAZ know you would like to pay down your principal balance only and keep your line of credit open.

A Pay Off request lets OneAZ know you would like to pay off your loan balance and close out your line of credit.

OneAZ can assist with paying off your HELOC through email. When you are ready to pay off your HELOC, please email us at HomeLoanDepartment@OneAZcu.com. In the email Subject Line, enter your last name followed by, Payoff Demand.

Upon receiving your request, our team will complete your Payoff Demand and email you a PDF copy. This copy can be used to complete your pay off at one of our local OneAZ branches.

You may also schedule an appointment to meet in-person with a personal banker at your local OneAZ branch.