Consumer Loans

We make our loans convenient for our members with competitive rates and flexible terms. Assuming all the necessary documentation is in place, a loan decision can be made within 24 hours.  Necessary loan documentation includes two recent pay stubs or a W-2 per applicant along with a bill of sale/buyers order for vehicle loans.  The Credit Union can also refinance an existing loan with another financial institution.   Apply in person, by fax, by mail, or online. Credit Life, Credit Disability, and GAP Insurances are available for our consumer loans.

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New Vehicle - Get Preapproved!

Is there a dream car, truck, or motorcycle out there for you? We can help you get it! When buying a new vehicle, it's easy to get caught up in the excitement and forget about getting the most for your money.  We can help you stay on track with a loan preapproval.  You can walk into the dealership armed with your rate and a payment that is convenient to your budget. WCTFCU will finance 100% of the MSRP (sticker price) with terms up to 7 years for qualified applicants.  

Used Vehicle - Get Preapproved!

WCTFCU will finance 100% of the NADA retail value for a term up to 6 years on used cars, trucks, and motorcycles.  Check NADA and Kelly Blue Book Values.  This also includes refinancing a vehicle loan that you have with another institution.  The Credit Union will only finance clean titles; no salvaged or rebuilt titles.

Recreational Vehicle

Whether you're cruising the open road, off-roading in the woods, or fishing on the lake, we have the loan for whatever moves you.  Get your new or used boat, camper, motorhome, and ATV loans with WCTFCU.


You can use a personal loan for debt consolidation, a special vacation, and more. Your loan is secured by your promise to pay. You can borrow up to $5,000 with your signature and up to $10,000 with the addition of a co-maker’s signature.

Share Secured

A great option for those who need cash but don't want to deplete their savings.  Use your WCTFCU share savings account for collateral while still earning dividends.  These loans can be used for any reasonable purpose.  Because the loan is secured with funds at the Credit Union, oftentimes the rates are more attractive than unsecured personal loans. The secured funds must stay on deposit at the Credit Union until the loan is paid off.

WCTFCU Continuing Education Loans

A 0% Continuing Education Loan from WCTFCU is ideal for WCPS employees working on their post-secondary educational credits, certifications, and/or degrees*.  Loan funds can be used for educational costs such as tuition, fees, and books.  The maximum term of six (6) months allows you to put your reimbursement check towards the payoff of the loan.  Payments as low as $50 a month ($24 biweekly) are made throughout the term of the loan.  Payments are calculated based on the amount borrowed above the projected reimbursement from your employer.  With proof of tuition and fees, we will loan up to $1,500 per course.  Payment for tuition and fees will be made directly to the school and excess will be issued to member for payment of book expenses.

  • 0.00% Interest Rate
  • Terms of up to 6 months
  • Low payments throughout the term and lump-sum payoff at the end of the term with reimbursement check from employer
  • Minimum loan amount $500
  • Maximum loan amount $1,500 per course
  • No prepayment penalty

*Must be a WCTFCU member to take advantage of our Continuing Education Loan.  Minimum credit score for eligibility is 600.  As monthly payments are based on projected reimbursement check from employer, your Continuing Education Loan payoff balance may be more or less than your reimbursement check.  Any balance not paid in full by the end of the term will convert to a WCTFCU Personal Loan at the prevailing rate and future Continuing Education Loans may not be approved.

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

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Student Loans for WCTFCU by Sallie Mae®

Get the money you need to help make higher education happen.  Student loans from WCTFCU in partnership with Sallie Mae® could help!

For those attending or borrowing for a student attending a degree-granting institution.

Whether you're an undergraduate, graduate student, or parent helping a student pay for school, these flexible loans are designed to meet your needs:

  • Competitive variable and fixed interest rates
  • No origination fees and no prepayment penalty1
  • Multiple repayment options

Smart Option Student Loan® for Undergraduate Students

Parent Loan

Plus, the graduate loan suite is designed to meet the needs of students in specific fields of study.

Find out which loan is right for you!

Borrow responsibly
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college.  Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

These loans are made by Sallie Mae Bank or a lender partner.  WCTFCU is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.

Smart Option Student Loan and graduate loan products:  This information is for students attending participating degree-granting schools.  Smart Option Student Loan information is for undergraduates only.  Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans.  Borrowers must be U.S. citizens or U.S. permanent residents if the school is located outside of the United States.  Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity.  Applications are subject to a requested minimum loan amount of $1,000.  Current credit and other eligibility criteria apply.  

Parent Loan:  This information is for borrowers with students attending participating degree-granting schools.  The student is not eligible to be a borrower or cosigner.  The borrower, cosigner, and student must be U.S. citizens or U.S. permanent residents.  The school may refund loan funds directly to the student, and if that occurs, borrower, and cosigner (if applicable) would still be responsible for repaying that amount.  Applications are subject to a requested minimum loan amount of $1,000.  Current credit and other eligibility criteria apply.

1Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note:  First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.


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