Learn
Enhance Your Financial Wellness
Protecting Your Identity
Latest Blog Posts
Protect Your Money: Know How to Spot a Fraudster Pretending to Be Direct Federal
.png)
Latest News & Announcements
.png)
Direct Federal Credit Union Launches Direct Impact Checking: Turning Everyday Spending Into Community Impact
Direct Federal Credit Union is redefining what it means to make an impact through everyday banking with the launch of Direct Impact Checking, a new purpose-driven checking account that gives members the opportunity to support causes they care about simply by using their debit card with no cost to the member.
Read MoreDirect Federal Awards Zion Atkinson the Donald Kelliher Diversity, Equity and Inclusion Scholarship
Direct Federal Awards James Armand the Dave Johnson Leadership Scholarship
Delayed Opening Notice – Wednesday, January 14
Direct Federal Offers Direct Cares Program to Support Members and Community Amid Government Shutdown
Frequently Asked Questions
Requested Lines $400,000 and above require an appraisal. Also, if you believe your home value is higher than our assessed value, an appraisal may be required in order for us to approve the amount requested.
Appraisal cost estimates:
Single-family unit - Approximately $500
Multi-unit -Approximately $650.00
$395 if the line is closed during the first two years.
No. Using the calculator does not affect your credit score and does not initiate a credit inquiry.
If you want flexibility and ongoing access to funds, a Home Equity Line of Credit (HELOC) may be the better fit. If you prefer a fixed payment and know exactly how much you need, a Home Equity Loan (HELOAN) may make more sense.
HELOC
Best for ongoing or uncertain expenses. Variable interest rate.
HELOAN
Best for one-time projects/lump sum upfront. Fixed interest rate.
You can request a Home Equity Line of Credit and Credit Card increase through Online Banking.
Depending on the assessed value of your home, and the amount of equity you have in it, you may be eligible to refinance/increase your existing Direct Federal Home Equity Line. Home Equity Line Refinances/Increases have a $295 fee.
Click here to apply to refinance/increase your existing Home Equity Line >
Prepayment is allowed at any time without penalty. If you pay-off the balance and decide to close the line within the first two years, you will be charged a $395 Early Termination Fee.
Log in to Online Banking or our Mobile App Hover over Menu item "Tools"Select "Card Management"Select your Visa Credit Card. Select "Balance Transfer", input Card Issuer Details and Submit!
There are no balance transfer fees.
Your account will not be debited until the payment has been either delivered electronically or until the check is cashed.Reminder will be sent at 60 days if the check remains undeposited. Should an undeposited check extend to 90 days, Bill Pay will automatically void the check and refund the money to the member’s account at no charge.
Direct Federal Credit Union
ISAOA/ATIMA
P.O. Box 2092
Carmel, IN 46082
Related Resources
Access our library of useful documents, forms, and educational materials to support your financial journey.
Interested in a loan?
