The easiest way to Build or Rebuild your credit

With a Credit Builder Loan, the amount you borrow is deposited into your Worcester Credit Union savings account. You make regular payments on the loan, establishing a positive payment history that we report to the credit bureau. As a result, your credit score improves. A higher credit score translates into better rates on future loans and can have a positive impact on the cost of other services such as life, auto or homeowners insurance.

Worcester Credit Union Credit Builder Loan Features

• Loan amounts of $500 - $2,000
• Terms of 12 to 24 Months
• Loan Funds are deposited into a Worcester Credit Union savings account as collateral for the term of the loan
• Loan Interest Rate Fixed at 5% Annual Percentage Rate (APR)
• Once you have fully repaid the loan, you'll have the entire balance in your Savings Account, including dividends, to use for any purpose

Example loan payment schedule: A $1,000 Credit Builder Loan with an APR of 5.00% for 12 months has an approximate monthly payment of $85.61.

• Provides a source of credit that may not be available from other lenders at such a low rate
• Your payments will be reported to the credit bureau monthly, which establishes a positive credit history of on-time payments*
• Provides a low monthly payment that you can afford
• Encourages regular savings

*On-time payments are those received by Worcester Credit Union on or before the payment due date for the full scheduled payment amount.

NEW! Student Loans
A Better Way to Pay for College!

Worcester Credit Union now offers student loans to help you fill the funding gaps that federal aid can leave behind. By partnering with other credit unions to form Credit Union Student Choice, we are able to offer members lower cost financing options that will help you or a family member achieve your dream of a higher education.

Our new loan product was truly designed with your best interest in mind and offers lower loan rates, zero origination fees and more flexible repayment options. Click here www.worcestercu.studentchoice.org to try out our total cost calculator, learn more details about our student loan products or
apply online!

You can also find out more about this new product by calling 1-866-558-5461 or stopping by any of our convenient branch locations.

AUTO LOANS

Whether you're buying a pickup truck, sedan or sports car, new or used, Worcester Credit Union has the right loan for you at a great rate. We finance new and used cars with regular terms up to seven years.
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You can protect your auto investment with GAP Guaranteed Auto Protection. To find out more, about GAP, click here.

PERSONAL LOANS

With three options, we have a personal loan for every need. We offer unsecured personal loans for up to 72 months, plus two secured loan options (secured with your savings account or CD). These secured loans feature an Annual Percentage Rate (APR) of just 3% above our savings or CD rates.
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PERSONAL LINES OF CREDIT

A Personal Line of Credit from Worcester Credit Union protects you from check overdrafts and lets you write yourself an "instant" loan for any purpose. Credit lines of up to $5,000 are available, with no annual fees or application fees.
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WE MAKE IT EASY

Applying for a loan at Worcester Credit Union is fast and easy. You can complete an application at our office, by telephone, or 24/7 on-line right now! You will be contacted by a Financial Service Representative once your application is received and reviewed.