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Westerly Community Credit Union Rates

At Westerly Community Credit Union, you’ll find we have the great deposit, loan & home financing rates you need to reach all of your financial goals!

Home Equity Loan Rates

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Flex Equity Line of Credit
Effective Date: Monday, December 10th, 2018
ProgramTermAPR*Loan SizeMonthly Payments per $1000 borrowed
Line of Credit        
    5.000% $15,000 - $99,999.99 varies
    4.750% $100,000 and above varies
Fixed Rate Advance
  5 years 3.200%   $18.08
  10 years 3.700%   $10.31
  15 years 4.250%   $7.79

*The Annual Percentage Rate (APR) is variable based on the Prime Rate as published in the Wall Street Journal on the last day of each billing cycle and tiered as follows: $15,000-$99,999.99 is Prime - 0.25%, $100,000 and over is Prime - 0.50%. APR will never be more than 18%. 1-4 family owner occupied properties only. 80% maximum combined loan to value. Minimum loan $15,000 (line of credit) $5,000 (fixed rate portion). Maximum loan is $350,000. The plan allows two fixed rate advances from your line at any given time during the 10 year draw period (15 years to repay). Fixed rate advance rates will be those in effect at time of draw. Flood insurance may be required. Property insurance is required. Consult a tax advisor about the deductibility of interest. Other restrictions may apply. A cancellation fee will apply for loans terminated within two years of origination date. Other rates and terms available. Available for new lines only. $50 annual fee will be waived for the 1st year. WCCU NMLS ID # 518892. 

Home Equity Loan
Effective Date: Monday, December 10th, 2018
ProgramTermAPR*Monthly Payments per $1000 borrowed
Fixed Rate Home Equity Loan
  5 years 3.250% $18.08
  10 years 4.375% $10.31
  15 years 4.750% $7.79
7 Year Home Equity Loan Special**
  7 years 3.375% $13.39
10 Year Home Equity Loan Special**
  10 years 3.625% $9.95
12 Year Home Equity Loan Special**
  12 years 3.990% $8.76
15 Year Home Equity Loan Special**
  15 years 4.250% $7.53
**First lien position only-other restrictions may apply.

*Annual Percentage Rate (APR) subject to change without notice. Rate requires 720+ credit score. Owner occupied only. 5-15 yr stated rates require member to have an "active" checking account ("active" checking is a minimum of six transactions per month and direct deposit). Minimum loan amount is $10,000. Maximum loan amount is $350,000. Not available for rewrite of current WCCU loans. Not available for New Purchases. Other rates and terms available. Maximum loan-to-value 80%. Other restrictions may apply. Flood insurance may be required. Property insurance is required. A termination fee not to exceed the lesser of $500 or 2% of the loan amount will apply for loans terminated within two years of origination date. Recording, trust review, and advisory fees apply where applicable. Consult a tax advisor regarding the deductibility of interest. WCCU NMLS ID # 518892.

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