The Tennessee Members 1st FCU is a home equity line of credit from Tennessee Members 1st FCU. Loan terms: 15-year term; low closing costs. A Home Equity Line of Credit (HELOC) allows you to borrow money against the equity you’ve built in your home. When you need funds for home improvement, college tuition, debt consolidation or a new vehicle, the low rates on our HELOC make it the smart way to