Investment Flex Equity Line of Credit

We bend over backward to give you extra financial flexibility.

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

Access Funds Whenever You Need Them

Unexpected expenses are a part of life. Next week it could be car repairs, next month tuition costs, and next year your rental property may need new appliances or a new roof. While you can't predict every expense, you can be prepared. An Investment Flex Equity Line of Credit provides a low-cost loan you can access whenever you need, helping you fund whatever comes your way.

NEW - Investment Flex Equity Line of Credit

Now you can tap into the benefits our Flex Equity Line of Credit provides for your investment property.
  • Perfect for renovating, consolidating debt, unexpected expenses and more! 
  • Available for one-to-four family non-owner occupied homes or a second home
  • Credit limit based on your home's equity
  • Interest is charged only on the amount actually borrowed
  • Fast access to funds via eBanking, phone banking or WCCU branches

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.

Contact us for details!  Apply Now


A Home Equity Loan provides you with a specific amount of money and has a fixed rate and a fixed term. The  monthly payments include principal and interest.

A Home Equity Line of Credit gives you access to money when you need it. It has a variable rate that will adjust with the Prime Rate. Monthly payments are interest only but you can paydown on the principal at any time. 

Our Flex Equity Line of Credit offers the best of both worlds! It is a Home Equity Line of Credit where you can access money anytime you need it but also, offers you the ability to lock into 2 fixed rate advances at any time! 

Typically, it takes about 3-4 weeks to close on a Home Equity Loan or Line of Credit. 
No, there are not any closing costs. However, you are required to pay a recording fee to the state which is $74 in RI and $105 in CT. 
There are no fees to prepay your Home Equity Loan or Line of Credit however, there is a termination fee of $500 or 2% of the loan amount whichever is lessor for loans terminated within two years of origination date.  

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

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

Free Credit Report Review

We can help you reach your financial goals. Start with a Free Credit Report Review at WCCU.

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