The ELGA Credit Union is a home equity line of credit from ELGA Credit Union. The ongoing APR is As low as 6.75% (APR 6.75%); APR based on Prime plus a margin (highest Prime Rate reported in the Wall Street Journal), adjusted quarterly; never exceeds 18.000%; margin determined by your credit profile. Loan terms: 10-year draw period with interest-only payments on what you have spent, then 15-year repayment period; rate can be locked one time.