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Home Equity Loan Application

* Required Fields

    • Instructions:

    • 1. Complete the online form below, listing with "*" are required fields. 
      n2. Press the "Submit" button. 
      n3. Within 1 business day a MECU loan officer will contact you.

    • Please select either OPTION 1 or OPTION 2.

    • OPTION 1:

    • Type



    • OPTION 2:

    • Loan Term:



    • Type



    • PURPOSE:

    • DESCRIPTION OF PROPERTY MUST BE PRIMARY RESIDENCE



    • * Is Property Currently for Sale?


    • * Is Your House in a Trust?


    • * Property Type:








    • If you are applying for joint credit with another person, all joint applicant sections below must be completed.

    • APPLICANT







    • * Birth Date:
      / /






    • * Marital Status:




    • * Home Telephone:
      ( ) - ext



    • * Telephone:
      ( ) - ext

    • CO-APPLICANT

    • Check this Box if There is a Co-Applicant







    • Birth Date:
      / /






    • Marital Status



    • Home Telephone
      ( ) - ext




    • Telephone:
      ( ) - ext

    • EMPLOYMENT AND INCOME INFORMATION - APPLICANT

    • Self-Employed?:



    • Work Phone No.:
      ( ) - ext





    • EMPLOYMENT AND INCOME INFORMATION - CO-APPLICANT



    • Work Phone No.:
      ( ) - ext





    • CREDIT INFORMATION

    • Please list all Open Accounts with Balances.

      A = APPLICANT

      B = SPOUSE/CO-APPLICANT/GUARANTOR

      C = DEBTS TO BE PAID OFF IF LOAN IS GRANTED

    • Please Check








    • Please Check








    • Please Check:








    • Please Check








    • Please Check








    • Please answer the following questions.

      Select the "A" for the Applicant and the "C" for Spouse/Co-Applicant/Guarantor

    • 1. Have you filed a petition for bankruptcy in the last 10 years?




    • 2. Have you ever had any auto, furniture or property repossessed?




    • 3. Are you a Co-maker or Co-Signer on any loan?




    • 4. Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years?




    • 5. Have you any suits pending, judgements filed, alimony or support awards against you?




    • 6. Do you have any other liens on your property? Example: Home Equity




    • 7. Have you any obligations not listed?




    • 8. Do you have any past due bills?




    • 9. Do you intend to occupy the property as your primary residence?




    • 10. Indicate immigration status-Applicant:




    • 10a. Indicate immigration status-Co-Applicant:




    • Race/National Origin

    • The purpose of collecting this information is to help ensure that all applicants are treated fairly and that the housing needs of communities and neighborhoods are being fulfilled. For residential mortgage lending, Federal law requires that we ask applicants for their demographic information (ethnicity, race, and sex) in order to monitor our compliance with equal credit opportunity, fair housing, and home mortgage disclosure laws. You are not required to provide this information, but are encouraged to do so. You may select one or more designations for "Ethnicity" and one or more designations for "Race".

      The law provides that we may not discriminate on the basis of this information, or on whether you choose to provide it. However, if you choose not to provide the information and you have made this application in person, Federal regulations require us to note your ethnicity, race, and sex on the basis of visual observation or surname. If you do not wish to provide some or all of this information, please check below.

    • Applicant: Ethnicity - Check one or more








    • Applicant: Race - Check one or more

















    • Co-Applicant: Ethnicity - Check one or more






    • Co-Applicant: Race- Check one or more

















    • Sex

    • * Applicant:



    • Co-Applicant:



    • By submitting this form, I/we hereby apply for a Home Equity Loan and agree to be bound by the Home Equity Loan Agreement. I/we declare that everything in this application is correct. I/we authorize Michigan Educational Credit Union to verify any and all information regarding this application and I/we further authorize Michigan Educational Credit Union to answer any questions about my/our credit history with me/us. Michigan Educational Credit Union makes no representation that interest incurred on the Home Equity Loan will be deductible in every circumstance. Tax Laws are subject to change. I/we should consult a tax advisor. Homeowner's Insurance will be required.

      The information contained in this application is provided for the purpose of obtaining or maintaining credit with Michigan Educational Credit Union. I/we have examined the information contained herein and certify that the information contained is true, accurate and complete.

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    Michigan Educational Credit Union,
    9200 Haggerty Road Plymouth, MI 48170
    Dedicated to serving the financial needs of our community since 1942.
    National Credit Union Administration
    This Credit Union is federally-insured by the National Credit Union Administration
    We do business in accordance with the Fair Housing Law
    Equal Housing Lender