Secured Loans

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 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