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 depending on qualifications.
- 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 Online Banking and Tele-Max audio response