Line of Credit Loans
Imagine having money on hand in case you need it. As a matter of convenience to its members, WESLA Federal Credit Union offers a Line of Credit Loans, similar to credit from a credit card, that members can access through one of our Local Branches or TouchTone Teller. With these loans, members always have access to extra cash - up to a predetermined limit - for any reason.
Terms
Minimum loan amount of $2,000
Rates as low as 9.750% APR*
*Some additional fees may be required or apply.
*Rates depend on credit. Some restrictions may apply.
Rates & Fees
| Item | Rate or Fee |
|---|---|
| Annual Percentage Rate (APR) for Purchases | Fixed 6.9%**-12.90%**, based on creditworthiness |
| APR for Balance Transfers | Fixed 6.9%**-12.90%**, based on creditworthiness |
| APR for Cash advances | Fixed 6.9%**-12.90%**, based on creditworthiness |
| Annual Fee | None |
| Minimum Finance Charge | None |
| Cash-Advance Fee | None |
| Balance Transfer Fee | None |
| Over the Limit Fee | None |
| Grace Period | 25 days when paid in full by next statement date |
| Card Replacement Fee | $7 |
| Foreign Transaction Fee | 1% of each multiple currency in U.S. dollars |
| Foreign Transaction Fee | 1% of each single currency in U.S. dollars |
| Late Fee | up to $28*** |
| Returned Payment Fee | up to $39 |
| Statement Copy Fee | $7 |
*Eligibility for Platinum or Share Secured Visa credit card is determined by your credit information. All products are subject to credit approval.
**The Annual Percentage Rate is based on certain credit-worthiness criteria. "Subject to change"
***If ten (10) or more days late.
The information about the costs of the cards described above last updated 08/2023. This information may have changed after that date. To find out what may have changed, please contact Card Services at (800) 828-6647.