Bill Consolidation: Combine a lot of payments into one simple one
High‑interest cards and all those miscellaneous bills can make it hard to get ahead. Consolidate what you owe into one, simpler payment—either with a Personal Loan or a Home Equity Line of Credit (HELOC)—and see how much you could save.
Why consolidate with us?
- One easy to make payment. Trade multiple due dates and variable card rates for a single monthly payment.
- Lower cost of debt. Save on expensive interest by moving high-rate revolving balances into a lower‑rate fixed loan or HELOC.
- Flexible options. Choose a fixed‑rate Personal Loan for certainty or a HELOC for ongoing access to funds backed by your home’s equity.
- No annual HELOC fee & generous limits. Get access when you need it, pay interest only on what you use, and borrow up to eligible limits.
Which option fits you best?
Personal Loan (Unsecured)
- Best for: A single, fixed payment and a guaranteed payoff date.
- Highlights: Fixed rate, fixed term, no collateral.
- Considerations: The payment is fully amortized from day one; loan qualification is based on your income and credit.
- See if you PreQualify: No credit check required - try it now!
HELOC (Secured by your home)
- Best for: Flexible access to funds (draw, repay, draw again) and interest‑only payments during the draw period.
- Highlights: Variable rate tied to Prime, introductory rate for the first 12 months, interest‑only during draw; then principal‑and‑interest repayment.
- Considerations: Secured by your home. The rate is variable after the intro period; payment may change. Plan ahead if your draw period is ending.
- See if you PreQualify: No credit check required - try it now!
Home Equity Line of Credit (HELOC)
For ongoing needs
A Home Equity Line of Credit allows you to leverage your home's equity with rates lower than credit cards and possible tax deduction benefits.
- As low as 5.99% APR* for first 12 months
- Standard variable rate of 7.00% to 16.00% APR
- 10-year draw period; 20-year repayment period
- Borrow up to 80% of your home's equity
- Maximum loan amount of $399,000
- No minimum draw amount
- Waived settlement fees**
- No annual fees
*APR = Annual Percentage Rate. Introductory rate valid for first 12 months; after which will change to our variable-standard non-introductory rate (currently as low as 7.00% to a maximum 16.00% APR). “Regular” rate after intro rate is variable. The index value as of January 1, 2026 is 7.00%. Rate may change monthly based on the index which is the Prime Rate as published in the Federal Reserve Bulletin (H.15). The interest rate is determined by the index value plus a margin, which ranges from 0.25% to 2.50%. The rate may not change by more than 3% in any one year. The maximum rate is 16.00% APR. The minimum payment during the draw period will be equal to all accrued yet unpaid finance charges. The minimum payment during the repayment period will be calculated monthly based on the remaining balance, variable rate and loan maturity date, subject to the lesser of $100.00 or your account balance. Third-party fees are applicable and range from $680.00 to $1,280.00. The minimum credit Limit is $25,000 and the maximum is $399,000. The maximum combined-loan-to-value is 80%. All loans listed are available on primary member residences in California (single-family, owner-occupied detached dwellings, condos, or townhouses). Loan subject to membership, borrower and property qualifications. Property insurance is required. Rates and terms as of January 1st, 2026 and are subject to change without notice. Conditions, restrictions, and terms may apply.
**The third party settlement fees are waived and must be reimbursed if loan is closed within initial 36 months
First City Credit Union - a Newsweek recognized America's Best Credit Unions for three years running and nation leading 5-star financial institution, has been supporting Los Angeles County Employees, Departments, and Agencies as Angelenos serving Angelenos since 1937 with convenient locations throughout LA County.
