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FourLeaf Federal Credit Union: 2026 Home Equity Review

Written by

Linda Bell,

Edited by

Andrea Coombes, CFP®

Expert verified

Updated on Jul 22, 2026

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NMLS: 449104

Bankrate score

4.7

Our methodology

Customer score

3.8

Read reviews

SCORE BREAKDOWN

Affordability

5.0

Availability

4.7

Borrower experience

4.5

EDITOR'S TAKE

FourLeaf Federal Credit Union (formerly Bethpage) stands out for its competitive HELOC rates, lack of fees, and transparent terms and qualifications. However, with its slower funding timeline, FourLeaf isn’t the best option if you’re in a rush to access funds.

PROS

• FourLeaf Federal Credit Union’s HELOC rates are very competitive, lower than Bankrate’s national average.
• The credit union covers application, appraisal and origination fees, as well as other closing costs, on lines up to $500,000.
• You can convert some or all of your variable-rate HELOC to a fixed-rate HELOC without incurring a fee.

CONS

• FourLeaf doesn’t offer a separate home equity loan product.
• If you close your HELOC within three years of opening it, you’ll need to repay the closing costs FourLeaf waived.
• Despite the near nationwide availability, physical branches are limited to New York and New Jersey.

Affordability

5.0

Availability

4.7

Borrower experience

4.5

• FourLeaf Federal Credit Union’s HELOC rates are very competitive, lower than Bankrate’s national average.
• The credit union covers application, appraisal and origination fees, as well as other closing costs, on lines up to $500,000.
• You can convert some or all of your variable-rate HELOC to a fixed-rate HELOC without incurring a fee.

• FourLeaf doesn’t offer a separate home equity loan product.
• If you close your HELOC within three years of opening it, you’ll need to repay the closing costs FourLeaf waived.
• Despite the near nationwide availability, physical branches are limited to New York and New Jersey.

Find competitive home equity rates near you

FourLeaf Federal Credit Union overview

FourLeaf Federal Credit Union is a federally chartered credit union headquartered in Bethpage, New York. As the 16th largest credit union in the U.S., FourLeaf has over 500,000 members nationwide and operates almost 40 branches. Founded in 1941, the company offers a wide range of savings and loan products and wealth management services.

FourLeaf's home equity products consist solely of home equity lines of credit (HELOCs): FourLeaf’s HELOCs come with a 10-year, interest-only draw period and a 20-year repayment term after that. You can borrow up to $1,000,000.

How Bankrate scored FourLeaf Federal Credit Union

Affordability: 5 stars

APR: FourLeaf’s rates are competitive, especially its introductory rates, which can be as much as 2 percentage points lower than the national average. To qualify for the low introductory rates, you must meet credit and loan requirements, draw at least $25,000 and maintain that balance for at least one year, and set up automatic payments from a FourLeaf checking or savings account.
Fees: FourLeaf doesn’t charge HELOC closing costs, application fees, origination fees or rate conversion fees: It covers these for you. However, if you close your HELOC within three years, you’ll have to repay the closing costs for the first $500,000. (These costs can run anywhere from $500 to $15,000, according to FourLeaf.)

FourLeaf earns a perfect 5 out of 5 for affordability because of its competitive APR and lack of fees and closing costs.

Availability: 4.7 stars

Credit score: FourLeaf’s minimum credit score requirement is 670, pretty typical for home equity products.
Loan minimum: $10,000 minimum line of credit, which is low. The credit union doesn’t require a minimum draw on its HELOCs, giving you more flexibility than you’d get with many other lenders. However, to qualify for the introductory rate, you need to take out at least $25,000.
Loan products: FourLeaf doesn’t offer a home equity loan, just a HELOC.
Where to find: HELOCs are available in every state, except Texas.
Credit union membership: To qualify for a HELOC, you must become a FourLeaf member, but all it takes is opening a savings account with a minimum of $5.

FourLeaf earns a 4.7 out of 5 for availability because of its footprint in nearly all states and its relatively low loan minimum.

Borrower experience: 4.5 stars

Rate transparency: FourLeaf advertises its introductory and minimum lifetime variable APR prominently on its website, unlike many lenders.
Convenience: According to the lender's website, it takes an average of six to 10 weeks to close on a HELOC with FourLeaf, which is longer than some other lenders.
Customer service: FourLeaf offers various contact methods, including email, phone and video appointments. You can request a call from a loan officer online or call 800-628-7070. Representatives are available Monday through Friday from 7:30 a.m. to 7 p.m. ET and Saturday from 10 a.m. to 8 p.m. ET. But if you want an in-person meeting, you have to visit a branch in New York or New Jersey.

FourLeaf's scores a 4.5 out of 5 for borrower experience because of its relatively long funding period (especially compared to online lenders) and its limited in-person support.

How easy is it to contact FourLeaf?

When we called FourLeaf’s customer support phone number, we reached a representative who transferred our call to the mortgage department. It took just a few minutes to reach a loan officer and get the answers to our questions about FourLeaf’s HELOCs.

FourLeaf Federal Credit Union’s reputation

FourLeaf gets an A+ rating from the Better Business Bureau and has been accredited since 2024. Trustpilot gives FourLeaf 4 stars and a “great” rating based on just over 185 reviews at the time of this writing.

To determine a home equity lender’s Bankrate Score, Bankrate rates lenders on a scale of one (1) to five (5) stars — with five (5) the highest rating — based on a variety of factors relating to the lender’s products and services. To assign our ratings, we assessed each mortgage lender across three core areas:
- Affordability: Annual percentage rate (APR) - 80%; introductory APR - 20%
- Availability: Licensing - 50%; credit score - 20%; loan minimum - 10%; draw requirement - 10%; loan products - 10%
- Borrower experience: Rate transparency - 35%; convenience - 35%; customer service - 20%; fixed-rate options - 10%
When a lender has entered a consent decree, been assessed a penalty in a case brought by a federal regulator or in a certified, federal class-action lawsuit, or received a federal judgment for harming home-equity borrowers within the past three years, we deduct one point for each penalty received from its total Bankrate Score.

Learn more about our methodology.

Compare FourLeaf Federal Credit Union with other lenders

Selected lender FourLeaf Federal Credit Union NMLS: 449104 Bankrate score 4.7 Bankrate scores are objectively determined by our editorial team. Interest rates, fees, loan terms, borrower requirements and customer service are some of the factors that make up Bankrate's score. Customer score 3.8 Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate. To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.	Bankrate score Bankrate scores are objectively determined by our editorial team. Interest rates, fees, loan terms, borrower requirements and customer service are some of the factors that make up Bankrate's score. Customer score Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate. To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months. Read review	Bankrate score Bankrate scores are objectively determined by our editorial team. Interest rates, fees, loan terms, borrower requirements and customer service are some of the factors that make up Bankrate's score. Customer score Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate. To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months. Read review
Loan amount
$10,000-$1 million
Min. credit score required
720 for introductory rate
Repayment terms
10-year draw period and 20-year repayment term for HELOCs
Funds available in
About 45 days
Recent customer review
Customer review No reviews available yet. N/A

To help you make the most informed decisions, our home equity lender reviews team suggests an alternative home equity lender for each lender reviewed. In most cases, this alternative 1.) shares the same strength (affordability, availability or borrower experience) as the lender reviewed; and 2.) rates highly for Bankrate Score. In the event more than one lender meets these standards, we suggest the one with the higher Bankrate Score.

FourLeaf Federal Credit Union customer ratings and reviews

NMLS: 449104

3.8

24 ratings

Knowledge

Level of service

Professionalism

Responsiveness

79% of customers would recommend this lender.

FourLeaf Federal Credit Union: 2026 Home Equity Review

4.7

3.8

Score breakdown

Editor's take

Pros

Cons