Where Should I Borrow?

Once you decide to borrow, look at the different sources of cash that are available to you.

  • If you are a homeowner with equity in your home, there are some attractive ways to use the equity in your home as a means of getting cash.
  • If you are not a homeowner or have no equity in your home, you still have several different options to consider, such as borrowing from a retirement plan or insurance plan, or taking out a personal loan.
  • It may be that you can easily borrow from family members.
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*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a Registered Broker-dealer (Member FINRA/SIPC) and SEC-registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. General Electric Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.