Loan Rates
First Time Car Buyers
Rates effective as of May 1, 2022
Model Years 2020-2023
| Term | APR |
|---|---|
| 73-84 Months First Time Car Buyers Mimimum financing of $20,000 for 84 mo | As low as 3.60% |
| 61-72 Months First Time Car Buyers Mimimum financing of $10,000 for 72 mo | As low as 3.10% |
| 49-60 Months First Time Car Buyers | As low as 2.60 % |
| 0-48 Months First Time Car Buyers | As low as 1.85% |
Model Years 2017-2019
| Term | APR |
|---|---|
| 73-84 Months First Time Car Buyers Mimimum financing of $20,000 for 84 mo | As low as 4.10% |
| 61-72 Months First Time Car Buyers Mimimum financing of $10,000 for 72 mo | As low as 3.60% |
| 49-60 Months First Time Car Buyers | As low as 3.30% |
| 0-48 Months First Time Car Buyers | As low as 2.85% |
Model Years 2014-2016
| Term | APR |
|---|---|
| 61-72 Months First Time Car Buyers Minimum financing of $10,000 for 72 mo | As low as 4.30% |
| 49-60 Months First Time Car Buyers | As low as 3.60% |
| 0-48 Months First Time Car Buyers | As low as 3.10% |
New or Used Vehicle Loans
Rates effective as of April 18, 2022
Model Years 2020 and Newer
| Term | APR |
|---|---|
| 73-84 Months Minimum Financing of $25,000 for 84 Months | As low as 3.49% |
| 61-72 Months Minimum Financing of $15,000 for 72 Months | As low as 2.99% |
| 49-60 Months Minimum Financing of $10,000 for 60 Months | As low as 2.49% |
| 0-48 Months | As low as 1.74% |
Model Years 2017-2019
| Term | APR |
|---|---|
| 73-84 Months Minimum Financing of $25,000 for 84 Months | As low as 3.99% |
| 61-72 Months Minimum Financing of $15,000 for 72 Months | As low as 3.49% |
| 49-60 Months Minimum Financing of $10,000 for 60 Months | As low as 3.24% |
| 0-48 Months | As low as 2.74% |
Model Years 2014-2016
| Term | APR |
|---|---|
| 61-72 Months Minimum Financing of $15,000 for 72 Months | As low as 4.24% |
| 49-60 Months Minimum Financing of $10,000 for 60 Months | As low as 3.49% |
| 0-48 Months | As low as 2.99% |
Model Years 2013 or Older
| Term | APR |
|---|---|
| 49-60 Months Minimum Financing of $10,000 for 60 Months | As low as 4.99% |
| 0-48 Months | As low as 4.49% |
Historic Autos (20 Years and Older)
| Term | APR |
|---|---|
| 73-84 Months Minimum Financing of $25,000 for 84 Months | As low as 6.74% |
| 61-72 Months Minimum Financing of $15,000 for 72 Months | As low as 6.24% |
| 49-60 Month Minimum Financing of $10,000 for 60 Months | As low as 5.74% |
| 0-48 Month | As low as 5.24% |
4-Wheeler & Motorcycle Loans
| Term | APR |
|---|---|
| 73-84 Months Minimum Financing of $20,000 for 84 Months | As low as 6.00% |
| 61-72 Months Minimum Financing of $15,000 for 72 Months | As low as 5.75% |
| 49-60 Months | As low as 5.50% |
| 0-48 Months | As low as 5.25% |
For four wheeler loans, the Credit Union will require titling on all four wheelers. For four wheeler loans financed in excess of $10,000, insurance will be required. Motorcycle loans require title and insurance. Up to 100% Financing of MSRP or book value including tax and title.
Recreational Vehicle & Boat Loans
Boat, Motor or Mobile Homes, RV, Lawn & Farm Equipment, Utility Trailer
| Financing | APR |
|---|---|
| 90% Financing Call for Term – Depending on type of vehicle purchased. 10% Down Payment Required. | As low as 5.49% |
| 80% Financing Call for Term – Depending on type of vehicle purchased. 20% Down Payment Required. | As low as 5.24% |
APR – Annual Percentage Rate.
WEPCO assumes no responsibly for errors or omissions. Please contact the credit union to verify current rate(s) or additional information. The APR on an open-end loan is subject to change during the term of the loan. Any loan not marked as open-end is closed-end. Rates are subject to terms and conditions.
Signature Loans
Rates effective as of September 28, 2021
| Loan Type | Term | APR |
|---|---|---|
| Signature Loan | 61-72 Months | As low as 9.25% |
| Signature Loan | 49-60 Months | As low as 8.25% |
| Signature Loan | 37-48 Months | As low as 7.50% |
| Signature Loan | 0-36 Month | As low as 7.00% |
| Christmas & Vacation Loans | Up to 12 Months | As low as 7.00% |
| One-Payment Loans | 90 Days | As low as 7.00% |
Share Pledge Loans
Rates effective as of September 28, 2021
| Term | APR |
|---|---|
| Up to 144 Months | As low as 4.00% |
WEPCOLine of Credit Loans
Rates effective as of September 28, 2021
| Term | APR |
|---|---|
| Open-end | As low as 7.00% |
Mortgage Loans
Rates effective as of September 28, 2021
Rates for In-House and HELOC (Home Equity Line of Credit) change weekly. Please call 1-800-292-8139 for today's rates.
| Loan Type | Term | Rate |
|---|---|---|
| Fixed-Rate | 5, 10, or 15 Years | Changes Weekly - Call for Rate |
| HELOC: 15-year | Draw 7, Payback 8 | Changes Weekly - Call for Rate |
| HELOC: 20-Year | Draw 10, Payback 10 | Changes Weekly - Call for Rate |
APR – Annual Percentage Rate. WEPCO assumes no responsibly for errors or omissions. Please contact the credit union to verify current rate(s) or additional information. The APR on an open-end loan is subject to change during the term of the loan. Any loan not marked as open-end is closed-end. Rates are subject to terms and conditions.
Closed End Loans
Closed end loans have a specified term for pay back, a stated payment and a fixed interest rate.
Repayment Example: An example of a loan repayment would be 60 monthly payments of $357.07 at a fixed APR of 2.74% for $20,000 borrowed. For this example, please contact a loan officer at any Credit Union office, or use our online Loan Calculator. In this example, the rate does not change during the term of the loan.
Open End Loans
The finance charges includes just the interest charged on the outstanding balance. The rate is variable and subject to change.
Risk Based Lending
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 credit score, which is then matched to a letter score of A+, 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 A, B, C, and D grades would each receive a slightly higher interest rate. Rates are based on credit risk, vehicle year, term, amount financed and any required down payment.
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.