If you already own your home, you can put your equity to work. For over 80 years, Unity Catholic Federal Credit Union has helped Northeast Ohio families turn their financial goals into fantastic realities, and a home equity loan is one of the most practical ways to do it. Whether you are planning a kitchen remodel, consolidating higher-interest debt, covering a child's tuition, or paying for a wedding, homeowners in Parma and Brunswick, OH can count on flexible financing solutions tailored to their needs.
Since 1942, when we opened our doors as St. Charles Borromeo Parish Federal Credit Union, we have grown alongside the Catholic communities of the Diocese of Cleveland and the Eparchy of Parma. As a member-owned, not-for-profit credit union, we offer competitive rates, trusted guidance, and the personal service you expect from a lender that puts your financial wellness first.
Home Equity Loan Options for Parma and Brunswick Homeowners
Unity Catholic FCU offers two ways to borrow against the equity you have built in your home. The right choice depends on whether you need one lump sum or ongoing access to funds.
Fixed-Rate Home Equity Loans (Second Mortgages)
A Fixed-Rate Home Equity Loan provides a lump-sum payout, which makes it a good fit for large, one-time expenses.
Predictability: Enjoy the stability of a fixed interest rate and fixed monthly payments.
Versatility: Use your funds for home renovations, debt consolidation, weddings, or dream vacations.
Tax Benefits: Consult your tax advisor to see if the interest on your second mortgage is tax-deductible.
Variable Rate Home Equity Line of Credit (HELOC)
For ongoing needs, a HELOC works as a revolving line of credit secured by your home's equity. Borrow what you need, when you need it, and only pay interest on the amount you use.
Flexibility: Access your funds easily with a special HELOC checkbook.
Peace of Mind: Keep the line of credit open as a "just in case" fund for unexpected repairs or expenses.
Terms: Choose flexible terms ranging from 60 to 120 months with low variable rates.
Because rates change, we keep them up to date on our rates page rather than listing them here.
Home Equity Loans in Parma, OH: Rooted in Faith Since 1942
Parma has long been home to a vibrant Catholic community, from the Roman Catholic parishes of the Diocese of Cleveland to the Byzantine Catholic faithful of the Eparchy of Parma, which has its seat right here in the city. Our main office at 5839 Ridge Road reflects that heritage. When Parma homeowners come to us for a home equity loan, they work with a not-for-profit, member-owned credit union that knows the parishes, schools, and families that make this community what it is.
Whether you are funding home improvements, covering unexpected expenses, or planning ahead for a major purchase, a home equity loan gives Parma members a straightforward path to the funds they need, backed by competitive rates and a team that knows you by name.
Home Equity Loans in Brunswick, OH: Community Minded, Faith Driven
Brunswick members are just as central to the Unity Catholic FCU story. Our Brunswick branch at 1500 Pearl Road serves parishioners, school families, and neighbors throughout Medina County who want a lender that shares their values, not just their zip code. A Fixed-Rate Home Equity Loan or HELOC through Unity Catholic FCU lets Brunswick homeowners put the value they have built in their home to work while banking with a credit union that is community-minded and faith-driven.
From consolidating higher-interest debt to financing a long-overdue renovation, Brunswick members can apply online and work with a local team that understands the Northeast Ohio Catholic community, because we are part of it.
Why Choose a Catholic Credit Union for Your Home Equity Loan
Big banks like KeyBank, Huntington, and Fifth Third are built to serve shareholders. Unity Catholic FCU is built to serve members, and that difference shows up in every home equity conversation: personalized service, transparent guidance, and an understanding of what your home and your faith community mean to you.
Parma is also home to smaller, single-parish credit unions such as Holy Family Parma Federal Credit Union, which serve their own parish faithfully. Unity Catholic FCU serves the entire Catholic Diocese of Cleveland and the Eparchy of Parma, giving members a broader range of products and the financial strength of an institution with more than $96 million in assets.
That strength includes Excess Share Insurance (ESI), which provides coverage up to $1.25 million above standard NCUA limits, for total deposit protection of up to $1.5 million per member. When you are making a decision as significant as borrowing against your home, that kind of security matters.
Membership Open to Parma, Brunswick, and All of Northeast Ohio's Catholic Community
Unity Catholic FCU membership is open to parishioners, students, employees, and volunteers of the Catholic Diocese of Cleveland and the Eparchy of Parma, as well as immediate family members of existing members. Membership is not limited to a single parish or a single city. Wherever Catholic parishes, schools, and institutions of these two dioceses are found across Cuyahoga, Medina, Lorain, Lake, Geauga, and the surrounding Northeast Ohio counties, you likely qualify.
Already a member in Parma or Brunswick? You can apply for a home equity loan online today. Not yet a member? Join first, and our team will walk you through your home equity options once you do.
If you are raising a family and thinking ahead, be sure to explore our youth programs and student loans too, designed to support the next generation of savers in our parish schools and universities.
Visit Our Parma or Brunswick Branch to Discuss Your Home Equity Loan
Our team is happy to sit down with you, answer your questions, and help you decide whether a Fixed-Rate Home Equity Loan or a HELOC is the right fit for your plans.
Parma Branch (Main Office)
5839 Ridge Road, Parma, OH 44129 | Phone: 440-886-2558
Monday through Thursday: 10:00 a.m. to 5:00 p.m.
Friday: 10:00 a.m. to 6:00 p.m.
Saturday: 10:00 a.m. to 1:00 p.m.
Drive-Thru: Daily 9:00 a.m. to close
Safe Deposit Boxes are available at our Parma main office only.
Brunswick Branch
1500 Pearl Road, Brunswick, OH 44212
Monday: 10:00 a.m. to 5:00 p.m.
Tuesday and Thursday: 10:00 a.m. to 5:00 p.m.
Wednesday: Closed
Friday: 10:00 a.m. to 6:00 p.m.
Saturday: 10:00 a.m. to 1:00 p.m.
Drive-Thru: Daily 9:00 a.m. to close
Away from home? Both branches connect you to more than 6,000 Co-Op Shared Branches nationwide, so managing your home equity loan stays convenient wherever life takes you.
Apply for a Home Equity Loan in Parma or Brunswick, OH Today
For more than 80 years, Unity Catholic FCU has stood beside the Catholic families of the Diocese of Cleveland and the Eparchy of Parma. Community-minded, faith-driven, and member-owned, we are ready to help you put your home's equity to work and turn your financial goals into fantastic realities.