print this page

Loan Rates

Rates Last Updated: July 1, 2019

New or Used Vehicle – 2017 and Newer Signature Loans
Used Vehicle  – 2014-2016 Share Pledge Loans
Used Vehicle – 2011-2013 WEPCOline of Credit Loans
Used Vehicle – 2010 and Older In-House Mortgages
4-Wheelers and Motorcycles HELOC Mortgages  
Recreational Vehicles and Boats  
Historic Autos  


Loan Type Term APR* As Low As Minimum

APR* is listed as low as

2017 and Newer
All APR’s* are listed as low as
73-84 Months** 4.24%  
61-72 Months** 3.24%  
49-60 Months** 2.49%  
0-48 Months 1.99%  
 All APR’s* are listed as low as
73-84 Months** 4.99%  
61-72 Months** 3.99%  
49-60 Months** 3.24%  
  0-48 Months 2.74%
All APR’s* are listed as low as 
61-72 Months** 4.99%  
49-60 Months** 4.24%  
  0-48 Months 3.74%
2010 or Older
APR* is listed as low as
49-60 Months** 5.24%  
  0-48 Months 4.74%
Historic Autos
20 Years and Older
APR* is listed as low as
73-84 Months** 6.74%     
  61-72 Months** 6.24%  
  49-60 Month** 5.74%  
  0-48 Month** 5.24%  
**Minimum financing of $30,000 for 84 Mo
**Minimum financing of $20,000 for 72 Mo
**Minimum financing of $15,000 for 60 Mo

APR* is listed as low as

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.  100% Financing of MSRP or book value including tax and title
61-72  Months
Minimum financing of $15,000
  49-60 Months 5.50%  
  0-48 Months 5.25%  

APR* is listed as low as

Boat, Motor or Mobile Homes, RV, Lawn & Farm Equipment, Utility Trailer.
All APR’s* are listed as low as
Call for Term – Depending on type of vehicle purchased. 10% Down Payment Required. 5.49% 90% Financing
Call for Term – Depending on type of vehicle purchased. 20% Down Payment Required. 5.24% 80% Financing

All APR’s* are listed as low as 

Signature Loans 61-72 Months 9.25%  
  49-60 Months 8.25%  
  37-48 Months 7.50%  
  0-36 Month** 7.00%  
Christmas &  Vacation Loans Up to 12 Months 7.00%  
One-Payment Loans 90 Days 7.00%  

All APR’s* are listed as low as

  Up to 144 Months 4.00%  

All APR’s* are listed as low as

  Open-end 7.00%  


 IN-HOUSE 5, 10, 15 Year Terms Available   Changes Weekly Call for Rate
HELOC – Open-end 7 Year Draw – 8 Year Payback or
10 Year Draw – 10 Year Payback Available
  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 closed end loan repayment would be 60 monthly payments of $357.07 at an APR of 2.74% for $20,000 borrowed.  For this example, please contact a loan officer at any Credit Union office, or use our web site Loan Calculator.  For this example, the rate will not increase 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