Credit union for home equity loan?

[Josh Lyons]

Do any of you have a good credit union (easy to join) in regard to home equity loan or line of credit?  I've read that credit unions can offer lower mortgage rates than banks so I'm curious if you have suggestions on a good one. 

[Randy E.]

Originally posted by @Josh Lyons:

Do any of you have a good credit union (easy to join) in regard to home equity loan or line of credit?  I've read that credit unions can offer lower mortgage rates than banks so I'm curious if you have suggestions on a good one. 

 Locally, Coastal Credit Union and State Employees Credit Union are good options.  I'm sure other CUs would also do fine.  Nationally, I've talked to PenFed and their HELOCs look very easy to apply for and they offer great rates.

EDIT: PenFed is easy to join online.  Just answer a question and set up a savings account with a $25 deposit.  If you aren't employed by one of their preferred employers, I believe you need an invite from a local member (family member most likely) to join CCU and SECU, but check with them to make sure my info isn't outdated.  I was able to get the son of a friend into CCU with a personal introduction at my local branch.