The Connex Credit Union is a home equity line of credit from Connex Credit Union. Application typically pulls a hard report from TransUnion. The annual fee is Connex Home Equity Line of Credit has no application fee, no closing costs, and no annual fee.. The ongoing APR is Home Equity Line of Credit Rates on September 21, 2026: Current rate is 6.75% APR (variable rate based on an Index minus 0.25%; cannot fall below the minimum of 3.00% nor exceed a maximum of 18.00%). Typical credit limit: The minimum line of credit amount is $10,000 and up to a maximum of $300,000. The minimum credit advance that you can make is $500.. Loan terms: Obtain credit advances for 10 years (Draw Period), make interest only payments or principal and interest payments during this period, then repay the remaining balance over the next 10 years (Repayment Period)..