Trumbull County: 330-372-8100
Mahoning or Columbiana County: 330-726-0344
Portage or Summit County: 330-677-0001
Stark County: 330-492-1106
If you live, work, worship or attend school in Trumbull, Mahoning, Columbiana, Portage, Summit or Stark Counties, you are eligible to apply for a loan or open an account with 7 17 Credit Union.
*The 4.99% APR (Annual Percentage Rate) is for the initial 10-year draw period on a Seven Seventeen Home Equity Line of Credit, and includes: up to 85% loan to value; .25% rate discount for first lien position; a .50% rate reduction for setting up automatic payments from a Seven Seventeen checking account, ACH, or from another financial institution, direct deposit, or payroll deduction; and a .25% Simply Rewarding Premium level discount. Payment example: The minimum payment on your Home Equity Line of Credit will be 1.25% of the balance owed; therefore, if your balance is $10,000.00, your payment would be $125.00. Ask for details. After 10 years from the initial loan closing, your rate will become a variable rate and the loan will go into a repayment period in which there are no further draws available from the line; your new Home Equity Line of Credit APR will be Prime minus .00% and may vary monthly based upon the highest prime rate published in the “Wall Street Journal” thirty days prior to the adjustment and will take effect on the first day of your billing period. The current variable APR as of 06/18/2018 is 5.00%. During the repayment period, the APR will not go below 4.50% or exceed 15%. Other rates and terms are available. Your APR may vary based on equity, credit, and your Simply Rewarding Member Rewards level. Must credit qualify. Property insurance required (and flood insurance, if applicable).
**Up to $300 in fees are waived if you advance $10,000 (new money) on a Home Equity Line of Credit with the exception of a Cancellation Fee of $40, and if you maintain a balance for at least 24 consecutive months. The approximate fees are as follows: Appraisal - $250, Flood Determination - $14, Title Search - $275, Title Insurance - $500, Recording Fee - $92, and Cancellation Fee - $40. The Annual Fee of $50 on a Home Equity Line of Credit is waived for the first year. Not valid with any other special Home Equity offers. Rates and fees are subject to change without notice. Simply Rewarding Member Rewards, a value-added program available to all members, can provide specific loan discounts to members based on their Simply Rewarding Member Rewards level as follows: Primary Rewards level (.10%), Preferred Rewards level (.15%), and Premium Rewards level (.25%). Please ask for full details about the program.