FRAUD ALERT: Some Members are receiving calls from scammers who make caller ID look like CU SoCal. We will never ask for your password, PIN, one-time passcode, or full account number. Do not provide account or personal information. Hang up and call us directly at 866.287.6225.
According to the IRS, interest on home equity loans and lines of credit are deductible only if the borrowed funds are used to buy, build, or substantially improve the taxpayer’s home that secures the loan.
