Flex Equity Line of Credit

We bend over backward to give you extra financial flexibility.

  • Flexibility to access funds anytime
  • Great low intro rate
  • Lock in* fixed-rate advances anytime
Flexibility to access funds anytime
Great low intro rate
Lock in* fixed-rate advances anytime

The money's right there, anytime you need it

Next week it could be car repairs. Next month it could be tuition costs. Next year it might be a new 'fridge, a smartphone or a family vacation. You can't predict every future expense, but you can be prepared. A Flex Equity Line of Credit is a low-cost loan you can tap into anytime at all to pay for whatever comes next.

  • Credit limit based on your home's equity
  • Fast access to funds via eBanking, phone banking or WCCU branches
  • Interest is charged only on the amount actually borrowed
  • No origination or closing fees

And this line of credit comes with a twist!

Most credit lines come with a variable rate. That's also the case with WCCU's Flex Equity Line of Credit. But here's where we're different:

  • If you like the current interest rate, you can request a cash advance and then lock in that rate on that portion of your loan.
  • In fact, you can lock in two fixed-rate advances at any one time.
  • By locking in rates, you gain the benefit of stable monthly payments and can potentially save money in long-term interest charges.

We'll help you make the most of this line of credit.

Westerly Community Credit Union is a full-service credit union with Rhode Island branches in Westerly, Richmond and Wakefield.

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See how much you could save just by refinancing and moving your loans to WCCU.

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*1-4 family owner occupied properties only. 80% maximum combined loan to value. **Minimum loan $10,000 (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. Available for new lines only. $50 annual fee will be waived for the 1st year. WCCU NMLS ID # 518892

For a list of WCCU employees currently licensed with a NMLS#, visit the NMLS Consumer Access website or feel free to contact us.