Community Corner: SURF Center

picture2In the last 21 years, the SURF Center has worked to aid our community by providing support to those working to overcome addiction. SURF stands for Service, Unity, Recovery and Fellowship—and suitably so. The center hosts around 80% of Tippecanoe County’s recovery meetings, including 12-step programs. Their staff has created a nurturing environment that promotes sharing and growth.

SURF Center is responsible for many saved jobs, relationships, and lives within our community. By sharing their passion, they make Tippecanoe County stronger as a whole.

Whether you’re in need of help, have questions about addiction services, or are looking to volunteer, the SURF Center is a great place to start.

SURF Center
307 N. 10th St.
Lafayette, IN 47904
(765) 742-1033

 

Community Bank: Clay Critters

clay crittersLocated in West Lafayette, Clay Critters was founded in 1978 when Rebecca Bollinger turned her hobby into a business. The twenty craft workers create Handmade in the U.S.A. “critters” from polymer clay. Many of the products offered have a one-of-a-kind “swirled” appearance. Other designs feature metallic, fluorescent, faux granite finish, or a new feature- airbrushing iridescent finishes.

Clay Critters offers free laser-engraved name-drop service for their items. Most of the products are sold to gift shops all around the United States and in the Caribbean, and can be found in many airport gift shops. Other features include refrigerator magnets and the ability to order a critter as a key chain or ornament.

Clay Critters
4866 N. 9th Street Rd.
West Lafayette, IN 47906
800-327-5893

Community Corner: Swan Dermatology & Aesthetics

Swan Dermatology & Aesthetics is a well-respected, comprehensive skin care center that has been providing the Greater Lafayette area with expert and trustworthy dermatological and aesthetic solutions for more than 20 years. In every year since 2009, they have won the Journal & Courier’s Readers’ Choice Award for the best dermatologist in the area.

By offering products that they believe in, Swan Dermatology & Aesthetics provides helpful advice in regard to skin care. Whether you know what you are looking for, or seek a consultation, the specialists here help to provide you with the right treatment for your unique skin care needs. Lafayette Community Bank is proud to be a partner to Dr. Lori Swan and her staff.

Swan Dermatology & Aesthetics
2020 Union Street, Suite 300
Lafayette, IN 47904
Phone: (765) 269-4145

Community Corner: Cat Hospital

cat hospitalGreater Lafayette Cat Hospital is a well-established, full-service, feline veterinary hospital providing comprehensive medical, surgical and dental care. Our community is lucky to have a Board Certified Feline Specialist, one of only two such specialists in the state of Indiana. They provide a broad spectrum of diagnostic procedures offering both in-house testing and the use of outside laboratories.

Got a furry feline friend?  Check out the Cat Hospital, where their goal is to not only provide the ultimate in medical and surgical care, but also to provide an atmosphere that is soothing and friendly to cats and their owners. Typical veterinary hospitals can be stressful for cats because of the presence of barking dogs.   Lafayette Community Bank is a proud business partner with Dr. Janine Siebert and her staff.

Cat Hospital
995 S. Creasy Lane
Lafayette, IN 47905
Phone: (765) 449-4195

What is a HELOC and why should I have one?

helocHELOC’s have become over the last couple of decades a lending staple for consumers that own their primary residence for many reasons. What the heck is a HELOC, you ask.

First, let’s clear up what a HELOC stands for. HELOC is an acronym for Home Equity Line of Credit.   A HELOC is a consumer loan line of credit product that is typically secured by a primary real estate residence. Most often a HELOC is secured by a 2nd mortgage and the line amount is determined on the value of your home less the amount owed on your existing 1st mortgage and the repayment ability of the homeowner. The line is typically available for any discretionary spending needs of the homeowner and the amount available to use depends on the level of repayment by the borrower. Many HELOC’s require monthly payments of just the accrued interest due on the amount owed.

Now, the big question. If I’m a homeowner with equity in my home, why do I need a HELOC? While everyone’s situation is unique and their specific needs change over time, here is a bullet point list of the benefits that makes the HELOC such an attractive product for most homeowner’s.

  • Let’s leadoff with the big one. Currently, all interest paid on a HELOC that is secured with a mortgage on your residence is tax deductible.   No other consumer debt product that offers discretionary spending through a line of credit offers this important benefit. Credit cards do offer benefits for short term discretionary spending needs if you are planning on paying the incurred debt off quickly, but for your purchases with a longer repayment schedule, the tax deductibility feature offers a huge potential benefit.
  • The HELOC typically has an interest rate that is usually much lower than most credit cards. The rate is typically variable, just like most credit cards, and like most credit cards the interest rate usually is tied to a bank or national prime rate.   Due to the tax deductibility feature of the HELOC, your actual tax affected rate can be even lower.
  • Once approved, a HELOC can be used for any discretionary spending needs. Depending on the amount available, it is always there for that home improvement project, that new car you have been putting off buying for a couple of years, or helping to pay that large student tuition coming up in the fall for your college-bound child. You will not receive a phone call from your credit card company asking about the purchase, or even worse, have the credit card cancel the purchase due to concerns about possible card fraud due to the significant size of the transaction.

If you have an interest in learning more about a HELOC and how it may meet your specific financial needs, your lending team at Lafayette Community Bank would happy to sit down with you at your convenience. We offer highly competitive terms on all of our consumer loan products and always strive to determine the best loan product that meets your financial need. Call any of our convenient banking centers and ask to speak to one of our many loan specialists today!