Open & Apply

Personal Loans

Some extra money to see you through life's twists and turns.

Apply Now View Rates
  • Low rates
  • Repayment terms up to 5 years
  • No collateral necessary
Low rates
Repayment terms up to 5 years
No collateral necessary
Personal Loans Personal Lines of Credit Home Improvement Loans

A quick, easy loan to cover your needs

As hard as you might try to save for a rainy day, sometimes it's hard to tuck enough money away. A WCCU personal loan can help you weather a financial storm, tackle necessary repairs, consolidate debt or simply do something nice for your family. These short-term loans come with affordable rates and, best of all, no strings attached as to how you use the money.

  • Borrow up to $50,000
  • Repayment terms of 3 to 5 years
  • Affordable, fixed rates
  • No collateral necessary; all we need is a signature

FAQs

A Personal Loan has a fixed rate, term and monthly payment. There also is no annual fee.
A Personal Line of Credit has a variable rate and you have access to funds when you need it. You only pay when you use it and there is a $25 annual fee. 
Personal Loans can be used for any expense however, some of the most common uses are consolidating high-interest credit card debt, emergency expenses, medical debt, home improvements, wedding expenses or other large purchases. 
No, there are no fees to apply for a Personal Loan or Line of Credit. 
There is no collateral required to qualify for a personal loan such as a car or home. It is determined based on your credit history, income, and other debt obligations.

It depends on your situation.

  • If you are a current WCCU member, you may not need to provide any documents.
  • If you are a new member or we need to verify your income and identity then you may be asked to provide:
    • Proof of identity, such as a driver’s license or another form of identification
    • Proof of income and employment, such as pay stubs and/or bank statements
    • Proof of address, such as a utility bill or mortgage statement
No, there is no prepayment penalty fee.

Westerly Community Credit Union is a full-service credit union with Rhode Island branches in Westerly, Richmond, Wakefield, and Coventry.

Make the most of your money
Earn 4.50% APY* with WCCU’s eChecking!
*Learn More!: Make the most of your money
WCCU helped my wife and I pay off our mortgage. We have been mortgage-free for over a year now and have gained financial freedom.
David I. of Charlestown
We joined right after WCCU opened. Needed a loan to pay off some bills. Everyone is so helpful and always has a smile for you. Always made me feel like part of the family. For me...the WCCU is the only place to bank! Thank you so much for such great service over the many years!
Gerry M. of Westerly
We joined the WCCU many years ago because we really got tired of the big banks with their big fees and lack of community. We stayed because they treated us like we mattered. They valued their members by offering great rates on mortgages and HEQ loans. When my husband became ill, they worked with us until we could get back on our feet. Only small hometown banks offer this type of service.
Deanna C. of Westerly

Helpful Resources

Free Credit Report Review

We can help you reach your financial goals. Start with a Free Credit Report Review at WCCU.