Consolidate your debt with a Home Equity Line of Credit.


Now that the stress of the holiday season is behind us, it’s maybe the perfect time to consolidate any high interest credit card debt using the equity in your home.

A home equity line of credit (HELOC), from West Suburban Bank, can be used to consolidate all your bills into one payment. Chances are you will get a much lower APR, which will help you save money that can be used to pay off your debt sooner. The best part is a HELOC is a revolving line of credit. You can continue to borrow against it for any of your lending needs as you pay it down.

For example:
If you had a $25,000 Home Equity Line of Credit and you used $10,000 to consolidate high interest credit card debt, your loan balance would be $10,000 and you would still have available $15,000. As you make payments and pay down the balance, the principle amount paid off becomes available to be used again*. Let’s say, you paid $5,000 down within 6 months. Your available credit on the HELOC would be $20,000, which you could use for any purposes such as home improvement projects, tuition costs, or virtually anything else.

Take advantage of the equity in your home today. Check out of current Home Line of Credit promotion. It’s simple to apply. Just stop and apply today at any West Suburban Bank branch near you.

* During the “Draw Period”, minimum payments are accrued finance charges, any past due amounts, and other charges (if applicable). During the Draw Period, only making minimum payment will not reduce your outstanding obligation. An increase in rates will increase your monthly payment. After the Draw Period, all outstanding balance enters a “Repayment Period.” During this period, you will no longer be able to obtain credit advances and must repay the outstanding balance over a specified period of months. For additional information, please click here or speak with a WSB representative.


What is your New Year’s Resolution?


 The New Year is right around the corner. What is your New Year’s Resolution? Is it to save money? Get out of debt? Start a home improvement project?

At West Suburban Bank, we care about our customers. Your goals are our goals. As your financial partner, we are available to help you achieve your goals.

Setting goals and creating a budget are a great way to get started. If you are looking to save more money in 2018, start by putting part of your paycheck into a separate savings account each month. There are two reasons for this:

  1. If your money is in a separate account, you don’t see it and are less likely to spend it.
  2. The longer you are not spending your money, the more time your money has to grow.

Consider consolidating high interest credit card debt with a WSB low interest rate credit card*. Our credit card program helps you pay off your existing credit card debt by lowering your interest rate; which saves you money and allows you to pay down your debt faster.

Our Home Equity Lines and Loans offer a flexible and affordable way to use the equity in your home. Use the equity in your home to finance a home improvement project, pay off medical expenses, or to get money for a dream vacation. West Suburban Bank can help you get the loan you need*. Visit us at to learn more.

Being more aware of your money will help you prioritize on what you choose to spend your money on. It’s important to keep track of your finances and we offer the tools you need.

Use Online Banking to set account alerts. You can customize the alerts you receive directly to your mobile phone** or email.

With the mBanking app**, you have a safe and secure way to check your WSB accounts on the go.

Our CardValet app provides you with the ability to turn your debit and credit cards on and off, plus you can get alerts each time your card is used so you know exactly when and where your money is being spent.

To get started on your goals today, schedule an appointment online with one of our personal bankers to develop a plan. Tell us what your goals are and find out how we can help!

* All loans subject to credit approval. Property and flood insurance (if applicable, is required).

** Message and data rates may apply