Fixed Home Equity Loan

There are many advantages to home ownership—one is the ability to use the equity in your home toward a favorable loan rate. This allows you to utilize the value of your home that otherwise wouldn't be available without selling. To make it even better, the interest may be tax deductible.

Summary
  • Harness power of your home's equity
  • Secure favorable loan rates
  • Interest may be tax deductible*
  • Quick, local decision making
  • Use funds for almost any need (home improvements, debt consolidation, vacation, medical, etc.)

*Consult your tax advisor

Debt Cancellation

Debt Cancellation is an agreement between you and your credit union. It is not an insurance product, which means most borrowers are automatically eligible and can be covered immediately.

Debt Cancellation protects you by cancelling some or all of your debts when a protected event occurs.

Talk to your financial service representative to find out the different levels of protection that are available, and decide which plan best fits your individual needs.

S.A.F.E. Act

Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act)

In order to comply with the National Credit Union Administration's adoption of the S.A.F.E. Act, Ocean Communities Federal Credit Union presents the following mortgage loan originator information for CU staff who are registered with the National Mortgage Licensing System (NMLS):

NMLS ID # LAST NAME FIRST NAME MIDDLE NAME

518294 BASILE MURIEL D

531680 BELL SAMUEL I

167843* BERGERON ERIK RICHARD

518296 BLAIS MICHELLE M

556470 COTE ALEDA B

518285 GALLUZZO PETER J

556471 GRAY MINDY N

518282 KNOX DENIS

518293 LEBLANC BETH A

518283 PICARD JOCELYN L

518292 RICHE JEANNE L

518295 RUMO MICHAEL J

531679 SICO RUTH E

* Employed by CUSO Mortgage Corporation in Hampden, ME

In order to provide homebuyers and the general public with greater information concerning the companies and professionals in the mortgage industry and in fulfillment of the federal S.A.F.E. Mortgage Licensing Act, the Nationwide Mortgage Licensing System and Registry (NMLS) has launched a website called NMLS Consumer Access. NMLS Consumer Access is a fully searchable website that allows the public to view information concerning Ocean Communities Federal Credit Union's Mortgage Loan Originators registered through NMLS. To visit the Consumer Site please go to http://www.nmlsconsumeraccess.org/