Secured Loans

Helping you finance the adventures in life.

If you're looking for a loan to help build your credit, a secured loan from WECU^® is a great option. Using existing funds as security, WECU^® can offer a loan at a below-market rate - offering the chance to clean up old credit history with a new start.

The nuts and bolts of WECU's secured loans

Tell us how much money you want to borrow, and we'll "freeze" that amount from your savings account using this as collateral for your loan.
Continue to earn high dividends on your savings account balance even though you are unable to use the funds
Money in your savings account becomes available as you decrease the balance on your savings secured loan
Borrow up to 100% of the available savings account balance
Term is up to 10 years
Fixed or variable rate APR
Optional Payment Protection available

Highlights of a savings secured loan at WECU:

Automatic payment options
Easy access to your loan accounts with E-Max online banking and Tele-Max audio response