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Debt Consolidation

Minimize Your Stress. Explore Consolidation Options!

Loan Rates Starting As Low As 3.95%*

If you need more financial assistance than your tax refund can provide, we’re here to help explore your debt consolidation options!

Consolidate your debt and say goodbye to financial stress:

Home Equity Loan – Make the equity in your home work for you and enjoy one of the lowest-interest debt consolidation options.

Personal loan – A personal loan with Northern allows you to pay off your outstanding debts by combining them into one lower-interest loan.

Balance transfer – Move your high interest rate debt to a Northern Visa credit card featuring no balance transfer fees and 0% intro APR***.

Plus, for a limited time only you can earn $250 Cashback** at loan closure!

At Northern, our team is always here to discuss your best financial next steps, to help get through tight times and set you up for long-term financial success and peace of mind.  Check out these financial tools to help get you on the path to financial fitness!

  • My Choice Home Equity Line of Credit NY

    This revolving line of credit is the easy, hassle-free way to get the cash you need—when you need it:

    • Save with a low variable rate.
    • Access your line simply by using your debit card or writing a check.
    • As you pay back your line, use it again and again.
    • Borrow up to 100% of your home’s equity (if you qualify).

    To get started simply:

    • Connect with one of our experienced lending professionals via Video Banking.
      Download the Northern Credit Union Video Banking Mobile App or use the Web Version with Safari, Chrome or Firefox.
    • Become a member to take advantage of these great benefits, getting started is easy, join now!
    • Apply online anytime
    • Call or text 315-782-0155

    Rate as low as Term
    3.95% APR 12-month Intro Rate
    Annual Percentage Rate. Rate is adjustable and subject to change monthly. Rate based on Wall Street Journal Prime Rate plus or minus a margin. Margin based on the amount of the Credit Line, the borrower’s credit history, and the Loan to Value ratio. 3.95% APR is fixed for the first year, then adjusting to a variable Prime Interest Rate – .25% thereafter on borrowed amounts of $7,500.00 (minimum loan amount) to $100,000.00 (maximum loan amount) at A+ credit. Rate quoted is for 80% LTV. Alternate rates for LTVs of up to 100% of home’s value are available depending on credit. Rates determined by term, overall credit history, LTV, and type of property. Rate Cap of 2% per change, 6% per Year, Maximum Rate of 16%, Rate Floor of 3.00%.
    5 Year Draw period and repayment period of up to 240 months (depending on balance due at the end of draw and product selected). 1-4 family, owner-occupied residences and seasonal residences. Minimum monthly payment during draw is 1% of outstanding balance or $100, whichever is greater.
    Please review our HELOC disclosure and brochure for more information about HELOCs.
  • My Choice Home Equity Loan New York

    The My Choice Home Equity Loan is a great option if you need your cash all at once or prefer the peace of mind that comes with fixed rate financing:

    • Save with a low fixed rate.
    • Choose the repayment terms best for you—up to 15 years.
    • Borrow up to 100% of your home’s equity (if you qualify).

    To get started simply:

    • Connect with one of our experienced lending professionals via Video Banking
      Download the Northern Credit Union Video Banking Mobile App or use the Web Version with Safari, Chrome or Firefox.
    • Apply online anytime
    • Call or text 315-782-0155

    Rates as low as Term
    4.95% Fixed APR 60-months

    *Annual Percentage Rate. No Closing Cost offer dictates the following being paid by NCU: appraisal; title search; recording fees; filing fees; and flood certification. Borrowers are responsible for paying NYS mortgage tax. Closing costs must be reimbursed to the credit union if the home equity loan is closed within three years. Rate quoted is for five years at 80% LTV in noted lien positions. Alternate rates available for LTVs of up to 90% of home’s value. Rates are determined by term, overall credit history, LTV, and type of property. Conventional stick built residences and seasonal residences only. Membership required.

     

  • Personal Loans In New York

    To get started simply:

    • Connect with one of our experienced lending professionals via video banking to learn more about personal loans in New York
      Download the Northern Credit Union Video Banking Mobile App or use the Web Version with Safari, Chrome or Firefox.
    • Apply online anytime.
    • Call or text 315-782-0155.

    Term Fixed Rate APR (As Low As) Sample Payment
    0-24 months 7.99% $226.15
    25-48 months 8.50% $123.26
    49-72 months 8.99% $90.13

    The annual percentage rate is the advertised rate and can vary based on creditworthiness and terms of the loan. Ask about our Loan Life and Disability Coverage.  Membership is required. Sample payments are based on a $5,000 loan at the maximum term allotted for tier. Rates are accurate as of 02/26/2024.

  • Secured Visa

    Term APR
    Revolving 21.99%

    Interest rate and fee information

    Maximum line of $25,000. Loan approval is based on credit history and overall ability to pay the loan requested. Rates subject to change. Membership required. Rates accurate as of 4.1.2023

  • Platinum Visa

    Term APR
    Revolving 10.90% - 19.90%

    Interest rate and fee information

    Maximum line of $25,000. Loan approval is based on member’s credit history and overall ability to pay the loan requested. Rates subject to change. Membership required. Rates accurate as of 4.1.2023.

  • Platinum Rewards Visa

    Term APR
    Revolving 14.90% - 20.90%

    Interest rate and fee information

    Maximum line of $25,000. Loan approval is based on member’s credit history and overall ability to pay the loan requested. Rates subject to change. Membership required. Rates accurate as of 4/1/2023. For NY residents only, call 877-667-8499 to redeem rewards up to 90 days after the account has been closed.