Notice: Repayment periods, conditions and rates are subject to change without notice.
*Subject to credit qualifications we will finance your purchase including tax, license, dealer options, warranty and insurance products.
**The Annual Percentage Rate (APR) you receive will be within the range disclosed above and is based on credit history, the amount being financed, and the value of any included collateral. These rates assume full relationship for the term of the loan. Full relationship means that you have both direct deposit of your paycheck to your primary checking account and automatic payment of your loan from the same account. Add .50% if you have only one of these relationships; add 1.00% if you have neither. If the automatic payment from your checking account has non-sufficient funds three times in a row, the automatic payment will be canceled and the interest rate on the advance will be increased accordingly.
***Term depends on amount being financed and age of collateral.
Notice: Repayment periods, conditions and rates are subject to change without notice.
*The Annual Percentage Rate (APR) you receive will be within the range disclosed above and is based on credit history, the amount being financed, and the value of any included collateral.
*Annual Percentage Rate (APR) for purchases. Subject to credit approval. **electronic payment required (automatic payment or funds transfer via E-Max or Tele-Max) Cash advances: 12.9% for all cards. Balance Transfers: no fee. 12.9% for all cards. Annual fee: none. Overlimit Fee: $10.00 Late Fee: 5% of payment or $5.99, whichever is greater. Grace period: If you pay your new balance in full within 25 days of your billing date each month you will avoid finance charges on purchases. Method of Computing Balances for Purchases: Average Adjusted Daily Balance (including current transactions).
Notice: Repayment periods, conditions and rates are subject to change without notice.
*The Annual Percentage Rate (APR) you receive will be within the range disclosed above and is based on credit history, the amount being financed, and the value of any included collateral.
**Payments for Timelines are based on $3.00 per month for each $100.00 or portion of $100.00 of principal balance. Minimum payment is $50.00, to be determined after each advance.
Don't see what you're looking for? Our Personal Loans and Home Equity loans can be used for almost any purpose. If you're not quite sure what type of loan you want, call our full-service call center (360.676.1168) to discuss what type of loan best suits your lending needs. We're always happy to help with any questions you might have.
Following are a few sample rates for our 30 year fixed,
15 year fixed, and 5 year adjustable rate loans. For a
more comprehensive list of rates, or to calculate your
rate, please visit our Mortgage-Max site by going to wecu.mortgagewebcenter.com.
Loan Type
Rate*
APR**
Points
30 Year Fixed
6.000%
6.029%
0.000%
15 Year Fixed
5.250%
5.452%
1.000%
5 Year Adjustable Rate
With a 30 Year Term
5.000%
4.640%
1.000%
*The above are purchase money rates assuming 20% down.
The interest rates, **annual percentage rates (APRs), and discount points shown are subject to change without notice and are subject to approval.
The monthly payment amount shown includes principal, interest, and mortgage insurance, if required. Your actual monthly payment will be higher if an escrow account is established or required.
Your APR will vary based on your final loan amount and finance charges.
If you are refinancing an existing WECU mortgage the Settlement or Closing Fee may be waived.
Payment example: With an APR of 6.150% and a repayment term of 30 years, your monthly payment would be $6.076 per $1000 borrowed.
Owner occupied titled
home located on private
property. 80% LTV
7.750%
8.250%
8.750%
2.000%
1.000%
0.000%
8.056%
8.404%
8.750%
10 year fixed or 30 year amortization
with a 10 year balloon
Owner occupied titled
home located on private
property. 80% LTV
8.000%
8.500%
9.000%
2.000%
1.000%
0.000%
8.250%
8.622%
9.000%
15 year fixed or 30 year amortization
with a 15 year balloon
Loan Type
Rate Range**
Repayment Terms
Owner occupied titled
home located in a park.
80% LTV
8.166% - 16.212%
up to 20 years***
*Annual Percentage Rate (APR) - annual yearly cost of credit. Includes the effect of the loan fee, discounts, interest, and other costs. APR shown is based on a loan amount of $10,000.00.
**Approval, LTV, and rates for manufactured home loans in a park are based on credit history and age of the collateral. Based on this information your APR will fall within the range disclosed above.
***Repayment term based on loan amount, credit history and collateral.
Payment Example: With an APR of 8.056%, a loan amount of $100,000, a 30 year amortization, and a 10 year balloon, your monthly payment would be $737.67 for 120 months with a balloon payment of $88,415.63 due on your 121st payment date.
Home Equity
Owner Occupied
1-4 Family Unit
Up to 80% CLTV***
7.000%
7.500%
8.000%
2.000%
1.000%
0.000%
7.492%
7.747%
8.000%
5 year fixed or 30 year amortization with
a 5 year balloon. 10, 15 and 20 year
terms and rates available by request.
Home Equity
Non-Owner Occupied
1-4 Family Unit
Up to 80% CLTV***
7.500%
8.000%
8.500%
2.000%
1.000%
0.000%
7.998%
8.249%
8.500%
5 year fixed or 30 year amortization with
a 5 year balloon. 10, 15 and 20 year
terms and rates available by request.
Owner Occupied
1-2 Family Unit.
Up to 95% CLTV***
$100,000 maximum.
7.500%
8.000%
8.500%
2.000%
1.000%
0.000%
7.998%
8.249%
8.500%
5 year fixed or 30 year amortization with
a 5 year balloon. 10, 15 and 20 year
terms and rates available by request.
*Rates assume full relationship for the term of the loan. Add 0.250% if you have none of the following relationship wtih WECU: direct deposit of your paycheck, automatic payment of this loan from your primary checking account, or first mortgage at WECU.
**Annual Percentage Rate (APR) - the annual yearly cost of credit. Includes the effect of interest, discounts, fees, and other costs. APR shown is based on a loan amount of $10,000.
***Combined Loan to Value (CLTV). All loans on the property (ie First Mortgage, Home Equity, HELOC, etc) cannot exceed a combined percentage (as stated) relative to the documented value of the property.
Payment Example: With an APR of 7.492%, a loan amount of $20,000, a 30 year amortization, and a 5 year balloon, your monthly payment would be $139.73 for 60 months with a balloon payment of $19,040.36 due on your 61st payment date.
Owner Occupied
1-4 family unit.
80% CLTV**
$200,000 Maximum
Prime plus 0% margin.
Currently 5.250%
20 years
Owner Occupied
1-2 family unit.
80.01% - 95% CLTV**
$100,000 Maximum
Prime plus 2% margin.
Currently 7.250%
15 years
*Annual Percentage Rate (APR) - the annual yearly cost of credit. Includes the effect of interest, discounts, fees, and other costs. Rate adjusted quarterly based on the prime rate. There is a floor of 4.000% APR and a ceiling of 18.000% APR. Current APR is 7.750% as of October 1, 2007. $50 annual fee. Repayment term is a maximum of 20 years. Property insurance required.
**Combined Loan to Value (CLTV). All loans on the property (ie First Mortgage, Home Equity, HELOC, etc) cannot exceed a combined percentage (as stated) relative to the documented value of the property.
5 year fixed or 30 year
amortization with a 5 year balloon.
Up to 75% LTV**
7.750%
8.250%
8.750%
2.000%
1.000%
0.000%
8.056%
8.404%
8.750%
10 year fixed or 30 year
amortization with a 10 year balloon.
*Annual Percentage Rate (APR) - the annual yearly cost of credit. Includes the effect of interest, discounts, fees, and other costs.
**Loan to Value (LTV) - The ratio of funds borrowed to the documented value of the property.
Payment Example: With an APR of 8.056%, a loan amount of $100,000, a 30 year amortization, and a 10 year balloon, your monthly payment would be $737.67 for 120 months with a balloon payment of $88,415.63 due on your 121st payment date.
*Annual Percentage Rate (APR) - the annual yearly cost of credit. Includes the effect of interest, discounts, fees, and other costs. APR shown is based on a loan amount of $10,000.
Payment Example: With an APR of 10.000%, a loan amount and a 5 year repayment period, your loan payment would be $21.247 per $1000 borrowed.
Notice: This Rate and Fee Schedule sets forth current conditions, rates, fees and charges applicable to your Savings and Checking Accounts at Whatcom Educational Credit Union at this time. The Credit Union may offer other rates and fees or amend the rates and fees contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate and Fee Schedule and acknowledges that it is a part of the Membership and Account Agreement.
*Dividend Rate. See "Truth-In-Savings" below. **Annual Percentage Yield (APY). See "Truth-In-Savings" below. ***Dividend Schedule. Length of term for dividend compounding, dividend crediting, and dividend period.
TRUTH-IN-SAVINGS DISCLOSURES:
Except as specifically described, the following disclosures apply to all of the accounts : 1. Rate Information. The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. Money Market Checking and Check Plus Dividend Rates and Annual Percentage Yields may change monthly, and all other accounts may change quarterly as approved by the board of directors.
2. Nature of Dividends. Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period. The Dividend Rate and Annual Percentage Yield set forth above are accurate as of the Date which the Credit Union anticipates paying for the applicable dividend period.
3. Compounding and Crediting. Dividends will be compounded and credited as set forth above. The dividend period for all dividend bearing accounts begins on the first calendar day of the dividend period and ends on the last calendar day of the dividend period as set forth above.
4. Accrual of Dividends. Dividends will begin to accrue on noncash deposits (e.g. checks) on the business day you make the deposit to your account.
5. Balance Information. The minimum balance required to open each account is set forth above. For Primary Savings, Sub-Savings, Summer Savings, and Money Market Checking, the minimum balance required to obtain the stated Annual Percentage Yield is set forth above. If the minimum balance is not met, you will not earn the stated Annual Percentage Yield. For Check Plus and Money Market Checking accounts, the minimum balance requirement and dividends are calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day. For all Savings accounts, dividends and the applicable minimum balance requirements are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is determined by adding the full amount of the principal in the account for each day of the period and dividing that figure by the number of days in the period. For Check Plus checking accounts, a fee will be charged every month a $1,000 minimum balance is not maintained. For Business Economy Checking accounts, a monthly fee will be charged every month a $250 minimum balance is not maintained; for Business Basic Checking accounts, a monthly fee will be charged every month a $1,500 minimum balance is not maintained.
6. Account Limitations. The account limitations for each account are set forth above. For Primary Savings, Sub-Savings, Summer Savings, and Money Market Checking accounts, transaction limitations will apply. No more than six (6) preauthorized, automatic, telephone transfers may be made from these accounts to another account of yours or to a third party in any month, and no more than three (3) of these six (6) transfers may be made by check, or draft to a third party. If you exceed these limitations, your accounts may be subject to a fee or be closed. For Money Marketing Checking accounts, the minimum withdrawal amount is $100.
The rates appearing in the above Schedule are accurate and effective for Savings and Checking Accounts as of the Effective Date indicated. Fees could reduce earnings. If you have any questions or require current rate information on your accounts, please call the Credit Union at (360) 676-1168 or (800) 525-8703 or TTY (800) 833-6388.
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