The State Employees Credit Union is a home equity line of credit from State Employees Credit Union. Application typically pulls a hard report from Equifax. The ongoing APR is 30 year (10 year draw) 80% combined loan to value 6.76% APR, 6.75% variable rate; floor rate of 6.00%. Loan terms: 30 year (10 year draw); 10-year draw with interest-only payments, followed by up-to 20-year repayment period.