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Savings or Certificate Secured Loan
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This loan is secured by a credit union account. By pledging deposited funds as security, you can borrow money at a lower
interest rate while your hard earned savings continue to grow. Your deposited money becomes available as you decrease your loan balance.
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Secured Loans
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Low fixed rate loans to purchase a new or used vehicle, recreational vehicle, motorcycle, snowmobile, classic auto, ATV, jet
ski, boat, motor and/or trailer. Financing available up to 84 months on some new items and up to 60 months on most used items to qualified applicants.
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Signature / Unsecured Loan
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Personal loans to qualified borrowers for up to 60 months.
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Ready Credit Overdraft Protection
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A checking line of credit that helps you protect your valuable checking priviledges. Ready Credit allows you to access a
quick loan at anytime in person, through TeleTran, by phone or by simply overdrawing your checking account. Funds, up to your approved limit, are transferred to your account in
increments of $100 in the event of an overdraft.
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First Mortgage/Refinance and Realty Service
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A full line of conventional real estate products are available. We can help you purchase your new home or sell your
existing home as well as refinance your existing mortgage and in many cases, we can help you obtain additional cash from the equity in your home. Save time and money by
pre-qualifying at your credit union before you shop. Visit Credit Union Mortgage Service and save money today!
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Home Equity Second Mortgage
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A fixed rate product that allows you to tap into 100% of the equity on your primary residence located in the state of
Minnesota.
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Home Equity Line of Credit
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A variable rate product that allows you to advance funds when you need them. No annual fee or maintenance
charge. Available on your primary residence located in the state of Minnesota. You pay minimal costs at closing and interest only on the advanced amount.
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Creating
Financial
Freedom
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From vehicles
to vacations,
Wakota Federal
Credit Union
has a loan for
every borrowing
need. And with earnings
being returned to members in the
form of better
rates and services,
our loans are
virtually worry-free.
In essence,
we help you create
the financial freedom
you need
when it comes to
money management.
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Did you know you can create a password that protects you when you make purchases online?
Verified by VISA, is a service that helps prevent unauthorized purchases before they occur. Verified by VISA is designed to verify your transactions by asking for a password that only
you will know. If the password is incorrect, the transaction will be declined.
We strongly encourage all WFCU cardholders register all VISA (both debit and credit) cards
with the Verified by VISA program as soon as possible—even if you don't shop on the internet. This program will protect you from fraudulent purchases in the event your card or
card number is stolen. So what's your password? Create it today at:
Visa Card
Wakota Check Card
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Loan Rates
Rates effective as of April 1, 2008.
All rates are subject to change.
Please contact the credit union to confirm rates.
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Loan Type
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Loan A.P.R.*
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Term
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Auto Loan Special
New(er) Auto, Truck or
Conversion Van (2004-2009
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5.75%
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48 months or less
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New(er) Auto, Truck or Conversion Van (2006 - 2009 with less than
36,000 miles)
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6.25%
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60 months or less
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Add .25% for every additional year financed with a maximum of 84 months
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Used Auto, Truck or Conversion Van (2000 - 2009 with less than 100,000 miles)
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7.75%
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48 months or less
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Add .25% for every additional year financed with a maximum of 72 months
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Used Auto, Truck or Conversion Van (1999 & older, classic autos w/ more than 100,000 miles)
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8.50%
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36 months or less
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Add .25% for every additional year financed with a maximum of 60 months
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Boat, Motor, Trailer, R.V., Motorhome, Travel Trailer,
Pop-up, etc.
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Same as Autos
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120 months add 2.00% to any of the above rates
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Motorcycles, Jet Skis, ATVs & Snowmobiles (Dirt Bikes excluded)
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Same as Autos
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Signature
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10.00%
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60 months or less
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Ready Credit
(Overdraft Protection)
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14.50%
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N/A
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Loan Type
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Loan A.P.R.*
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Term
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Limits
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Share Secured
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3% over existing dividend/ interest rates
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36 months
or less
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N/A
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Certificate Secured
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3% over existing dividend/ interest rates
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At Maturity
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N/A
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Home Equity
Fixed Rate
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4.25%
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5 years
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$100,000
maximum
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Home Equity Line of Credit Variable Rate
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4.25%
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10 years
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$100,000
maximum
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5 - Year Home Equity
Balloon
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4.25%
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5 years
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$100,000
maximum
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All loans, excluding VISA, Ready Credit and mortgate related loans include a maximum discount of 1.00% for use of the following WFCU Services:
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WFCU Checking AND
Auto Pay or Direct Deposit
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1.00%
discount
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*A.P.R. means Annual Percentage Rate.
Please note: Your actual loan rate will be calculated based on your credit history, relationship pricing discounts and
loan-to-value. Some restrictions may apply.
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