Equity is king

Team Member Spotlight

BEHIND THE SCENES:

Equity is king

HELOCs can help homeowners in the current market. Emily Polk and the Credit Union’s Home Equity Center team members can show you how.

Home Equity Manager Emily Polk

“It’s like the wild west!” — that’s how Home Equity Center Manager Emily Polk describes the current housing market. In her 20 years in banking finance, she says she hasn’t witnessed anything like it. The number of homes on the market doesn’t meet the demand, and the pricing for those on the market has increased significantly over the last few years.

But Emily sees an opportunity: The current market has opened additional demand for Home Equity Lines of Credit, or HELOCs. These loans give homeowners access to the additional equity in their homes and can be used for remodeling or renovations, meeting current financial demands or funding other endeavors.

“HELOC demand continues to increase,” she said. “Values are rising nationwide, and with it, the amount of equity members have in their homes. Right now our members have the opportunity to pay off debts, reinvest in their property, pursue higher education or follow their financial dreams.”

American Airlines Federal Credit Union offers both fixed- and variable-rate HELOCs, but Emily has a favorite that’s special to the Credit Union.

American Airlines Credit Union
Have you considered the possibilities of what a HELOC could do for you? No matter what your plans are for the loan, you can trust the Credit Union to help you manage your finances and lower your interest rate. Learn more about our HELOC loan options as well as our fantastic new offer.

“Our fixed-rate line of credit is an unusual product that is not offered by many lenders. I believe it gives our member’s the best of both worlds — the stability of a fixed rate with the flexibility of a revolving line of credit,” she said. “In addition, our focus on member care and advocacy means that we will spend as much time as you need discussing options and answering your questions. These are big loans and big financial decisions. We pride ourselves on advising and guiding our members through the process as thoroughly and carefully as possible.”

Emily says it’s the customer care element she loves about her job, and it’s the No. 1 difference between the Credit Union and other banking options.

“When I started here, I was amazed — and still am — by the Credit Union’s commitment to our member-owners,” she says. “We measure success differently here and look at the entire financial picture to see how we can best serve our members.”

She loves the fact that Credit Union advisors are encouraged to take time and be a valuable resource in big financial decisions, especially during the high-energy housing market that exists today.

“Member service is the core of everything we do at the Credit Union,” she said. “Helping our members achieve their goals through our home equity products gives me great joy.”

Money lessons

Parents often remind their children that money doesn’t grow on trees. But there’s more to the lesson.

Guiding others on their financial journeys

As a Financial Wellness manager, Jamie Fatheree is focused on improving members’ financial standing no matter where those members are on their respective journey.

Market shift

With price changes, home inventory and interest rate adjustments, navigating the current state of the housing market can be unnerving. But purchasing a new home is doable.

Stop overspending

Six habits for successfully reducing your monthly expenditures.

Out with the old

One of the things I love about the beginning of a new year is the idea of endless opportunities. We’re continuing to make improvements to better serve you while helping you plan for whatever comes tomorrow.

Money lessons

Guiding others on their financial journeys

Market shift

Stop overspending

Out with the old

cent$

Categories

Social Footprints