Loans available at WEPCO Federal Credit Union as of May 1, 2012
WEPCO Federal Credit Union uses risk based lending to determine all loan rates.

Loan Products
Other Loan Information


WEPCO Federal Credit Union makes purchasing a vehicle fun and easy! We offer 100% financing on the book value on new and used vehicles. Terms range from 24 months to 84 months, but on vehicles financed for 60, 72, or 84 months, we will require minimum financing.  Additional terms and conditions apply. 

GM Credit Union Discount


WEPCO Federal Credit Union finances motorcycles, boats, RVs, lawn equipment, farm equipment, motor homes and mobile homes under our recreational vehicles loan product. Maximum amount financed is 80% or 90% of the book value. Call for complete details.


WEPCO Federal Credit Union finances 4-Wheelers and motorcylcles at 100% financing book value. Maximum term is 72 months.


We like to play Santa or assist you with your dream vacation plans. We'll loan up to $2,000 for Christmas or Vacation purposes with 12 months to repay!


Our loan product is specifically designed to assist members with any purchase such as furniture up to $10,000 at a great low interest rate.


Our WEPCO VISA products just can't be beat with a range of options such as Young Adult, Rewards, and Business Cards.  Apply today by clicking HERE.


Our WEPCOLine Line of Credit provides easy access to a credit line without a credit card. After the initial approval, members may access the WEPCOLine Line of Credit via WEPCO PAL or PAL Plus, a telephone call to a loan officer or in person with a loan officer. Plus, WEPCOLine provides overdraft protection for your share draft (checking) account. Maximum unsecured amount loaned is $10,000.00.  We offer 25 complimentary checks for another way to conveniently access your line.


Our Share Pledge loan provides members with financing, while they continue to keep their savings in place. This loan is secured by the money available in your share savings account, and the interest rate is low, while you still earn dividends on your savings.


First Mortgage

WEPCO Federal Credit Union would love to put you and your family into your dream home. WEPCO Federal Credit Union provides mortgage loans for the purchase or construction of members primary residence, the refinancing of the outstanding balance of an existing mortgage on their primary residence, or for home improvements and consolidation.  The rate will not increase during the term of the loan.

WEPCO Federal Credit Union provides 10 - 15 year fixed mortgage loans. Interest rate is based on a market rate which can adjust weekly, so please contact any credit union office and speak with a Mortgage Loan Officer for today's rates. Maximum financed is 80% of the appraised value of the property.

First Mortgage Balloon

Our balloon mortgage interest rate is based on a market rate for a 15 year balloon with payments based on 30 years. We'll finance 80% of the appraised value of the property, for a maximum term of 15 years with a balloon payment at the end of this term.

Real Estate Land

For the purchase of land, we'll finance 80% of the appraised value of the property value for a maximum term of 7 years.

Home Equity Fixed Rate

Our Home Equity Fixed Rate product provides maximum financing of 80% of the appraised value, less any other financing, for a maximum term for  5-10 years.

Home Equity Variable Rate (HELOCs)

Our variable rate home equity loans provides for a 7 year draw period with a 8 year payback or 10 year draw with a 10 year payback. We provide financing on 80% of the appraised value of the property   less any other financing. The interest rate is based on the Prime Rate and adjusts two times per year.

This product is an open-end loan and the rate is subject to change during the term of the loan.  Loan fees and other fees required to open the plan periodic rate used to compute the finance charge (expressed as APR); and the maximum APR. 


Credit Life and Accident and Sickness Insurance

Why take the risk?  Who will make your loan payments if you can't?  That's a worry you won't have to face with Payment Protection Coverage Insurance.  If you die or become disabled due to a covered illness or accident, your loan payments may be reduced or paid off.

Eligibility is simple.  No physical exam is required to qualify.  A few simple health questions may be required.  The group rates are affordable – typically less than individual coverage!

You'll have no additional payment for this coverage.  It is included in your monthly loan payment.  So don't forget to have this coverage included with your loan for the added, worry free security when  those unexpected life moments occur.

Guaranteed Asset Protection Advantage (GAP Advantage). 

This coverage protects against financial loss in the event your vehicle is damaged beyond repair (totaled) or stolen and never recovered.  Since a vehicle's value declines due to depreciation, the loan balance can be higher than its Actual Cash Value (ACV).  Without GAP Advantage coverage, you would be responsible for paying the difference between the insurance settlement and the outstanding loan balance.

What other benefits does GAP Advantage provide? If you purchase a new vehicle to replace the totaled one and finance the vehicle with WEPCO, GAP will apply $1,000 toward the new auto loan.

What does this coverage cost?  The purchase price, which is added to your loan, is just $325.

Collateral Protection Insurance

Some collateral loans at WEPCO require insurance coverage.  To help us maintain updated insurance information, we have contracted a third-party insurance vendor, Insurance Systems Inc aka ISI.  They require members insurance information via a declaration page (Dec Page) and verify with our loan portfolio.  

If your insurance is due to renew, has been canceled, change in provider, new loan or you have not listed WEPCO as a lien holder, you may receive a letter from ISI signed by our representative, Danielle Clark, requesting an updated Dec Page.  You can simply have your insurance agent fax your Dec Page to 865-470-8805 or go to to update your information and upload your Dec Page. 


WEPCO Federal Credit Union uses a risk based lending policy to determine a member's interest rate. In grading a loan application, the credit bureau provides WEPCO Federal Credit Union with a calculated national risk score, which is then matched to a letter score of A, B, C, or D. Rates have been set according to a corresponding letter grade. The letter grade of an A would receive our best rate, while tiers B, C, and D grades would each receive a slightly higher interest rate.

The purpose in offering risk based loans is to help as many members as possible. We recognize that certain members represent more risk than others. We will not grant loans where the probability of repayment is very doubtful. We recognize the importance of managed risk. We also recognize members who are charged unfavorable rates with other lenders, and we could help with a managed risk program that saves these members substantial money while helping them rebuild their credit.