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Take the ChallengeConsumer Loans

Take the Challenge logo

Life is challenging and knowing your finances are in good shape has never been more important.
The Take the Challenge program is designed to identify your financial goals and determine ways to achieve them.

How Does It Work?
It’s as simple as 1-2-3

1. Rate your priorities

Fill out and submit our secure electronic Take the Challenge Worksheet. This worksheet will help you rank your financial priorities/goals in order of importance. Examples of priorities are:

  • Finding more “room” in your budget
  • Establishing an emergency savings
  • Saving for your children’s education
  • Saving for retirement
  • Savings to purchase, build or remodel a home 
  • Fixing or building your credit

2. Free credit report review

Meet with a WCCU Financial Services Officer (FSO) to review your finances. This is a perfect opportunity to view your current financial situation and your current credit score. Knowing where you stand financially will help guide your path towards achieving your goals.

3. Find ways to reach your goals

Finally, our FSOs will search for ways within your credit report to reach the priorities you’ve set in the Take the Challenge Worksheet. They analyze your current finances with your goals in mind and present a plan to help you achieve them- perhaps ways to reduce your debt, re-allocate your savings, lower rates, consolidate accounts etc...

To get started, please complete and submit the following:

(If you wish to save or print the worksheets you must do so before submitting)

Take the Challenge Secure Online Worksheet

(Helps to determine your financial priorities/goals)

Take the Challenge Secure Online Budget Worksheet (optional)
(Helps to develop a budget)

Call us at 401.596.7000 or Email us to set up an appointment today - please note email is not secure.

For printable worksheets, please click here. Bring the completed worksheets to any WCCU Branch Location to get started.

Identity theft is far too common. If you suspect that your personal information has been compromised, please use our Reporting Identity Theft Checklist as a guideline to get the process started. It also features tips on how to prevent identity theft in the future.

Mortgages

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Purchase Calculator
Refinance Calculator

Fixed or Adjustable Rate Mortgages

We offer a choice of flexible fixed and adjustable rate mortgages. For the stability of fixed payments, you might prefer a fixed rate mortgage. For more flexibility, choose an adjustable rate mortgage (ARM). We can help determine which choice is best for you.

And that's not all! We offer a host of home financing programs and options including:

  • Fixed and Adjustable Rates.
  • Conventional Financing ($510,400 and lower).
  • FHA/VA/USDA Financing (Federal Housing Authority/Veterans Administration/United States Department of Agriculture).
  • Jumbo Financing ($510,401 and higher).
  • First Time Homebuyer Programs (Fixed or Adjustable). 
  • & More!

Mortgage Frequently Asked Questions (pdf)

Think you can't afford a home? Think again!
Click here to read about some common Mortgage Lending Myths vs. WCCU Lending Facts.

Buying Your First Home?
WCCU can help eligible first-time homebuyers receive up to $2,000 each year!*

*Contact us to learn more about the FirstHomes Tax Credit Program!

To request an appointment or for more information, please contact:

Jeanne Abate
Senior Mortgage Originator
Office: 401.637.4415
Cell: 401.374.1232
NMLS ID # 529809
jabate@westerlyccu.com (email) - please note email is not secure
Serving the Charlestown, Hopkinton, Westerly,
Stonington, North Stonington and New London County areas.

Jeff VanderVorste
Senior Mortgage Originator
Office: 401.637.4446
Cell: 401.622.2238
NMLS ID # 16862
jvandervorste@westerlyccu.com (email) - please note email is not secure
Serving the Narragansett, South Kingstown, North Kingstown and Richmond areas.
Richmond branch availability:  Monday, Wednesday, Friday
Wakefield branch availability: Tuesday, Thursday

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.

Mortgages
Rates subject to change at any time. Rates shown are as of November 27th, 2020.
ProgramTermInterest RateAPR*Monthly Payments per $1000 borrowed
Fixed Rate Mortgages*
(Loan amounts up to $510,400)
  15 years 2.625% 2.739% $6.73
  20 years 2.750% 2.838% $5.43
  30 years 2.750% 2.812% $4.09
Adjustable Rate Mortgages
5/1 Mortgage**
  30 years 3.125% 3.164% $4.29
7/1 First Time Homebuyer Mortgage***
  30 years 3.250% 3.290% $4.36

*The interest rates, annual percentage rates (APRs) and discount points are subject to change without notice. APR is based on 40% equity and credit score of 740 or greater. Your APR will vary based on your final loan amount and finance charges. All Mortgage rates listed are based on 0 discount points. The monthly amount shown includes principal and interest. Your actual monthly payment will be higher if an escrow/impound account is established. Property insurance (and flood insurance if applicable) required. **After the initial term of five years, the APR, interest rate, principal and interest payment will adjust based on market driven changes to the U.S. One Year Constant Treasury Rate – the “index” plus 2.75% - the “margin.” The maximum increase per adjustment period is 2% with a lifetime cap of 6%. Other restrictions may apply. ***After the initial term of seven years, the APR, interest rate, principal and interest payment will adjust based on market driven changes to the U.S. One Year Constant Treasury Rate – the “index” plus 2.75% - the “margin.” The maximum increase per adjustment period is 2% with a lifetime cap of 6%. Requires a minimum credit score of 720 with loan maximum of $484,350. Other restrictions may apply. WCCU NMLS ID # 518892.

Consumer Loans

 

We can help provide the financing you need to make all your dreams come true! Click here to view our current rates!

Every day WCCU helps members save money by offering lower interest rates on loans. Our online Click-Compare-Save calculator lets you instantly see your potential monthly savings when you move your loans to WCCU! Can we beat your current rate? Click here to get started!

Interested in financing, but looking for some advice first? Tune into WCCU's Let's Talk Loans Radio Show Series on WBLQ 1230 AM & 103.1 FM to hear from our experts!

Retirement & Investment Planning

Whether you are planning for retirement, setting up your children's college fund, in need of a second opinion, looking to improve your portfolio, or setting up your SEP/401(k) plans for employees MEMBERS Financial Services can help! The MEMBERS Financial Services program is offered through CUNA Brokerage Services, Inc.*, a broker/dealer focused on serving credit union members. CUNA Brokerage Services, Inc. is an affiliate of CUNA Mutual Group.

Services offered:

  • Insurance Planning
  • Education Funding
  • Mutual Funds
  • Retirement Planning
  • Business Planning
  • Stocks/Bonds
  • Investment Planning

MEMBERS Financial Services consultations are available to members at no cost with no obligation. For an appointment to discuss your financial future or for a second opinion, call Wayne Lagasse, Vice President, Wealth Management, at (401) 596-7000, ext. 2112, stop into our main office at 122 Granite St. in Westerly or email him at wayne.lagasse@cunamutual.com - please note email is not secure.

Check the background of this investment professional on FINRA's BrokerCheck.

My Financial Center
My Financial Center is your online source for valuable information about investments, retirement planning and much more.
Click here to get started!

*The MEMBERS Financial Services program is offered through CUNA Brokerage Services, Inc.*, a broker/dealer focused on serving credit union members. CUNA Brokerage Services, Inc. is an affiliate of CUNA Mutual Group. For more information about CUNA Brokerage Services, Inc., please visit cunabrokerage.com. MEMBERS Financial Services Financial Professionals are registered representatives of CUNA Brokerage Services, Inc. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty States of the United States of America. FR-2627718.1-0719-0821


Identity theft is far too common. If you suspect that your personal information has been compromised, please use our Reporting Identity Theft Checklist as a guideline to get the process started. It also features tips on how to prevent identity theft in the future.

Credit Counseling Services

Not sure if you are in over your head with your Personal or Business finances? Take the first step with WCCU's Take the Challenge Program and fill out a secure electronic Personal Take the Challenge Worksheet or Business Take the Challenge Worksheet. We will help you review your financial priorities and find ways to help you achieve financial success.

Need to develop a budget but not sure where to start? Use our Budget Worksheet, or come into any office and we'll help you get started.

If your needs are more extensive, we recommend for you contact Money Management International. A Credit Counselor can help you whether online, in person or on the telephone, assess your finances and work with you to create a livable budget to balance income with expenses.

Money Management International
501 Centerville Rd. (2nd Floor)
Warwick, RI 02886
800.208.2227

Visit www.moneymanagement.org to access MMI's Education Center for money management tools:

  • Credit Education
  • Budgeting
  • Online Articles
  • Helpful Links
  • Teacher Resources
  • and more...

Are you currently struggling with your WCCU loan?
For more information on what options are available, please contact Julie Lefebvre, Director of Asset Quality, at 401.596.7000 x2147 or by email at jlefebvre@westerlyccu.com - please note email is not secure.

Identity theft is far too common. If you suspect that your personal information has been compromised, please use our Reporting Identity Theft Checklist as a guideline to get the process started. It also features tips on how to prevent identity theft in the future.

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