Loans

We make our loans convenient for our members with competitive rates and flexible terms. Loans are available for a wide range of purposes including, autos, motorcycles, boats, campers, debt consolidation and home improvement. Assuming all the necessary documentation is in place, a loan decision can be made within 24 hours. Necessary loan documentation includes 2 recent pay stubs or a W-2 per applicant along with a bill of sale/buyers order for vehicle loans. WCTFCU does not require pay stubs or W-2 statements for WCBOE employees. The credit union can also refinance an existing loan with another financial institution. Credit life and disability insurance is available at reasonable rates. In the event of death or total and permanent disability, the insurance will pay the loan in full so your family does not have to worry about repaying the debt.

WCTFCU can help you realize your dreams with an assortment of loan products tailored to meet members’ needs. Simple interest loans only with no prepayment or early payoff penalties. Quarterly loan statements are provided.

New Vehicle

Is there a dream car, truck, or motorcycle out there for you? We can help you get it! WCTFCU will finance 100% of the MSRP (sticker price) with a term up to 6 years for qualified applicants. We encourage members to become Pre-Approved for a specific amount before purchasing a vehicle.

Used Vehicle

WCTFCU will finance 100% of the NADA retail value for a term up to 5 years on used cars, trucks, and motorcycles. The used vehicle cannot be over 5 years old.

Personal

Personal loans allow you to borrow without collateral. You can use a personal loan for bill consolidation, a special vacation, and more. Your loan is secured by your promise to pay. Personal loans allow members to borrow money collateralized by his or her signature only. The funds can be used for any purpose. You can borrow up to $5,000 with your signature and up to $10,000 with the addition of a co-maker’s signature. If a member needs to borrow a larger amount, WCTFCU will lend up to 20% of gross income less any existing personal loans with the credit union. Fixed rate terms up to 5 years are available.

Share Secured

The Credit Union also offers share secured loans. Instead of being secured by your signature, these loans are secured with funds you have on deposit at the Credit Union in a savings account. These loans can also be used for any reasonable purpose and because the loan is secured with funds at the Credit Union, often times the rates are more attractive than unsecured personal loans. The funds must stay on deposit at the Credit Union until the loan is paid off.

Use our Online Loan Calculator to estimate your interest payments over the term of your loan.

Apply in person, by fax, by mail or online. If you would like to apply online or print out the loan application, please click below.