Loan Rates

Rates effective as of 6/26/18.

Consumer Loans (Fixed Rate)
FICO Score Up To 36 Months 37-48 Months 49-60 Months Share Secured Loans (60 Month Term)
760 + 6.00% 7.00% 9.50% 3.35%
700-759 9.00% 10.00% 11.50% 3.35%
650-699 10.00% 11.00% 12.50% 3.35%
600-649 11.00% 12.00% 13.50% 3.35%
550-599 13.00% 14.00% 15.50% 3.35%
< 549 16.99% 17.99% 17.99% 3.35%
New Auto Loans
FICO Score Up to 36 Months UP 37-48 Months UP 49-60 Months UP 61-72 Months
760+ 1.50% 2.50% 2.50% 3.50%
700-759 2.50% 3.50% 3.50% 4.50%
650-699 3.50% 4.50% 4.50% 5.50%
600-649 4.50% 5.50% 6.50% 7.50%
550-599 6.50% 7.50% N/A N/A
         
Used Auto Loans
FICO Score        
760+ 4.00% 4.00% 4.00% 5.00%
700-759 5.00% 6.00% 7.00% 8.00%
650-699 6.00% 7.00% 8.00% 9.00%
600-649 7.00% 8.00% 9.00% 10.00%
550-599 8.00% 9.00% 10.00% 11.00%
< 549 9.00% 12.00% 13.00% 14.00%
Student Loan Consolidation (Variable Rate)
Term Above 800 Between 760-799 Between 700-759
5 Years Prime - 1.50% Prime - 0.50% Prime + 0.50%
7 Years Prime - 1.25% Prime - 0.25% Prime + 0.75%
10 Years Prime - 0.75% Prime + 0.25% Prime + 1.25%
12 Years Prime - 0.50% Prime + 0.50% Prime + 1.50%
15 Years Prime - 0.25% Prime + 0.75% Prime + 1.75%
Student Loan Consolidation (Fixed Rates)
Term Above 800 Between 760-799 Between 700-759
5 Years 3.5% 4.5% 5.5%
7 Years 4.0% 5.0% 6.0%
10 Years 4.5% 5.5% 6.5%
12 Years 5.0% 6.0% 6.74%
15 Years 5.5% 6.5% 6.74%

Loan Length and Deferral Periods: Term of the loan is up to a maximum 180 month fully amortized loan. Interest will accrue on a daily basis.

The variable rate consolidation loans, indexed to the Prime Interest Rate, and adjusts quarterly. There is an interest rate ceiling of 8.5%. Effective 12/20/2018, prime rate is 5.5%.

Eligibility: Alumni with the credit score above 700 and D/I ratio up to 40%. Must be currently employed full time at the WUHEFCU and have at least 2 years of employment.

HELOC Rates
FICO Score HELOC 1
  With Share Draft Without Share Draft
741+ 5.50% 5.75%
640-740 5.75% 6.50%
600 - 639 6.50% 7.50%
550 - 559 N/A N/A
< 549 N/A N/A
Maximum $ $50,000 to $250,000 $50,000 to $250,000
Check Writing YES YES
Prime = 5.5%    
Fixed Home Equity
FICO Score 5 years 7 years 10 years 15 years 20 Years
741+ 5.875 5.875% 5.875% 6 6.63%
640-740 6.75% 7.00% 7.25% 7.50%  
600-500 8.00% 8.25% 8.50% 8.75%  
< 549 10.00% 10.25% 10.50% 10.75%  

For consumer loans, your rate, term and maximum amount you can borrow may vary, and will be determined by your credit history and prior loan relationship with this credit union. Secured rates displayed are for a 60 month term - your rate may vary depending on the value and age of the collateral.

Late Fees - For All LoanLiner loans and Visa Credit Cards: 5% of the payment with a minimum of $26.00. Consumer loans have a 5 day grace period.

New Cars - Up to 100% of dealer invoice. Used Cars - Up to 100% of NADA book value.

* Home Equity Lines of Credit (HELOC 1) rates are adjusted quarterly based on the Wall Street Journal Prime Rate (plus a margin) 15 days before the day of adjustment. Your margin is based on your creditworthiness. The maximum adjustment is 2%. Floor Rate 5% - Maximum Rate 16%.HELOC 1 comes with check writing ability.

© 2015 Winthrop-University Hospital Employees Federal Credit Union
Phone: 516-493-9400 | Fax: 516-441-6769
Email: info@wuhefcu.org
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