Westerly Community Credit Union [Home Equity Rates] -

Home Equity Rates

Program	Term	APR
Home Equity Line of Credit* (Effective: Thursday, July 24, 2008)
Below Prime Home Equity Line	6 months	3.990%
Below Prime Home Equity Line	1 year	4.250%
*Annual Percentage Rate (APR) subject to change. After the first fixed term of 6 months or 1 year, the APR is variable based on the Prime Rate as published in the Wall Street Journal five days prior to the end of the month less 1/2% for the life of the line. APR will never be more than 18% or less than 3% for the remaining life of the loan after the initial fixed period. 1-4 family owner occupied properties only. 80% maximum combined loan to value. Minimum loan is $50,000 and maximum loan is $300,000. Other restrictions may apply. A cancellation fee will apply for loans terminated within two years of origination date. Consult a tax advisor regarding the deductibility of interest. Other rates and term available. Available for new lines only. $50 annual fee will be waived for the first year.

Program	Term	APR
Home Equity Loan* (Effective: Thursday, July 24, 2008)
Fixed Rate Home Equity Loan	3 years	5.750%
	5 years	5.750%
	7 years	5.750%
	10 years	6.000%
	12 years	6.500%
	15 years	6.500%
	20 years	6.990%
*Rates stated reflect lowest current rate for stated term. Annual Percentage Rate (APR) subject to change without notice. Owner occupied only. All require 20% equity position. 5-15 yr stated rates include a 0.25% discount with automatic transfer payments from WCCU checking account. Max loan amt is $300,000. Closing costs range from $200 to $500. Please contact Lending Department for details on other Home Equity rates & terms that are available.

Program	Term	APR
No Points/No Closing Costs Mortgage* (Effective: Thursday, July 24, 2008)
Fixed Rate Mortgage	15 years	6.250%
*Annual Percentage Rate (APR) is subject to change. Rates includes a 0.25% discount with automatic payments from a WCCU Checking account. Maximum loan-to-value 80%. Payments per $1,000 borrowed would be: 15 years at $8.47. Minimum loan $50,000. Maximum loan $300,000. Not available for new purchases. Not for refinancing existing WCCU loans. Other rates and terms available, see loan representative for details. Other restrictions may apply.