Rates effective as of September 18, 2024

APY = Annual Percentage Yield. APR = Annual Percentage Rate.

Prime Rate (as of September 18, 2024) as published in Wall Street Journal is 8.00%

Deposit interest rates may be subject to change without notice and may change after account opening. Fees could reduce earnings on account. Stated minimum deposits are the minimum balances required to receive the stated APY’s.

All loan rates, terms and conditions are subject to change without notice. All loan rates and approvals depend on credit worthiness and other qualifications.


Consumer Deposit

Checking Accounts Apply Now

Type APY Interest Rate  
Kasasa Cash 1.50%* 1.49%*

Open Now!

 

*Account qualifications (each qualification cycle) apply to earn stated Annual Percentage Yield (APY).Minimum $1 to open an account. Qualification requirements apply to earn stated APY. Interest rate & APY subject to change after account opening.

Qualification information: The following must post and settle to the account during the Monthly Qualification Cycle in in order to earn interest rewards: twelve (12) debit card purchases [each $3.00 or more], receive 1 or more ACH deposits during the statement cycle, and enroll and agree to receive e-statements rather than paper statements. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases less than $3.00, card purchases processed by merchants and received by our credit union as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our credit union. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. "Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle. Compare our Personal Checking Accounts for more information.

Savings Accounts

Type APY Interest Rate
Kasasa Saver 0.50% 0.50%
Membership Savings 0.05% 0.05%
Club Accounts 0.10% 0.10%

Minimum $5 to open an account.

IRA Share Certificates Learn More

Term APY Interest Rate

7 Month IRA Special

4.15% 4.15%
9 Month IRA Special 4.00% 4.00%
12 Month IRA 0.20% 0.20%
24 Month IRA 0.30% 0.30%
36 Month IRA 0.35% 0.35%

$500 minimum to open & earn APY. Penalty may be imposed for early withdrawal. Fees may reduce earnings. Membership required. All rates are subject to change without notice.

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IRA Accounts Learn More

Type APY Interest Rate
IRA Savings 0.05% 0.05%

Share Certificates Learn More

Call 508.853.9966 to lock in at these great rates!

Term APY Interest Rate
6 Month 0.10% 0.10%
12 Month 0.20% 0.20%
24 Month 0.30% 0.30%
36 Month 0.35% 0.35%
9 Month Special 4.00% 4.00%
7 Month Special 4.15% 4.15%

$500 minimum to open & earn APY. Penalty may be imposed for early withdrawal. Fees may reduce earnings. Membership required. All rates are subject to change without notice.

Money Market Learn More

Balance APY Interest Rate
$0.01 - $19,999.99 0.05% 0.05%
$20,000 - $49,999.99 0.05% 0.05%
$50,000 - $99,999.99 0.10% 0.10%
$100,000+ 0.10% 0.10%

Minimum $1 to open an account. Minimum $2,000 to avoid a fee.

VIP Money Market

Balance APY Interest Rate
$0.01 to $14,999.99 0.05% 0.05%
$15,000.00 to $49,999.99 1.50% 1.50%
$50,000.00 to $99,999.99  1.75% 1.75%
$100,000.00 to $249,999.99  2.00% 2.00%
$250,0000.00 or greater 0.05%  0.05%

Minimum $1 to open an account. 

Business Deposit

Business Accounts

Type APY Interest Rate
Business Checking 0.00% 0.00%
Premier Business Checking* 0.05% 0.05%

*Minimum balance of $5,000 required.

Business Money Market Learn More Apply Now

Balance APY Interest Rate
$0.01 - $19,999.99 0.05% 0.05%
$20,000 - $49,999.99 0.05% 0.05%
$50,000 - $99,999.99 0.10% 0.10%
$100,000+ 0.10% 0.10%

Business Share Certificates Learn More Apply Now

Term APY Interest Rate
12 Month Share Certificate 0.20% 0.20%

Minimum $500 required. Early withdrawal penalty.

Simple interest Share Certificates that are 12 months or less will pay interest at maturity and Share Certificates that are greater than 12 months the interest will be paid annually. Membership requirements apply and rate is subject to change without notice. 

Mortgage Rates Learn More Apply Now

 

Please contact a Mortgage Specialist at 888-445-0089 for personalized assistance.  NMLS#1557

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.

Consumer Loan

Consumer Loan Rates

Type Term APR as low as Monthly Payments per $1,000 Borrowed
Credit Card N/A 13.25%4 N/A
Personal Loan2 up to 12 months 10.24% $88.03
  13-24 months 10.49% $46.37
  25-36 months 10.79% $32.64
  37-48 months 10.89% $25.79
  49-60 months 10.99% $21.74
Secured by Savings3 1 Year 3.20% $85.74
Personal Lines of Credit N/A 15.00% N/A
Loan Special5 24 months 7.99% $45.22
       

2Rates shown are “as low as” based on credit score of 751 or higher.

3 Savings Secured Loans  3% above interest rate paid on the share certificate.

4APR = Annual Percentage Rate. Six-month 0% APR balance transfer offer for new cardholders only. After six months, 0% APR balance transfer rate converts to, as low as WSJ Prime plus 5.25% or higher, as of 09/18/24, currently 13.25% variable APR. Current Worcester CU MasterCards not eligible for 0% balance transfer rate. All loans are subject to credit approval. The fee associated with foreign transaction converted to US currency is 2%, the fee associated with transactions in US dollars completed outside the US is 0.80% WCU reserves the right to discontinue this promotion at any time without notice.  Rates are variable, tied to WSJ Prime Rate, and can change monthly. Other restrictions may apply.

5 Max Loan Special is $10,000 for 24 month term, Current Worcester Credit Union loans can not be refinanced with special. 

New and Used Vehicle (2019 and newer) Loans & Refinancing** Learn More Apply Now

2019-newer

*Note- Only vehicles 2021 or newer, with loan balance greater than $45,000 may finance for 84 month term.  

 

Term APR as low as Monthly Payments per $1,000 Borrowed
3 Years 4.99% $29.97
4 Years 5.99% $23.48
5 Years 6.74% $19.68
6 Years 6.99% $17.04
*7 Years 8.49% $15.83

Rates shown are “as low as” based on credit score of 751 or higher. All loans subject to membership & credit approval. Other rates, terms, and conditions may apply. Loan rates are subject to change at any time without notice. Normal underwriting guidelines apply.  Rate will vary by the term of loan, model year of collateral, & credit score. Rate is determined by your personal credit history.  Consumer type vehicles only at these rates. Commercial type vehicles will have increased rates.  

**Rates quoted are for new Worcester CU loans only.  Worcester CU loans being refinanced please add .50% to applicable rate. 

Used Vehicle (2017-2018) Loans & Refinancing** Learn More Apply Now

For 2017-2018 Used Auto 

Term APR as low as Monthly Payments per $1,000 Borrowed
3 Years 6.74% $30.76
4 Years 7.25% $24.06
5 Years 7.99% $20.27

Rates shown are “as low as” based on credit score of 751 or higher. All loans subject to membership & credit approval. Other rates, terms, and conditions may apply. Loan rates are subject to change at any time without notice. Normal underwriting guidelines apply.  Rate will vary by the term of loan, model year of collateral, & credit score. Rate is determined by your personal credit history.  Consumer type vehicles only at these rates. Commercial type vehicles will have increased rates.  

**Rates quoted are for new Worcester CU loans only.  Worcester CU loans being refinanced please add .50% to applicable rate. 

Used Vehicle (2015-2016) Loans & Refinancing** Learn More Apply Now

For 2015-2016 Used Auto 

Term APR as low as Monthly Payments per $1,000 Borrowed
3 Years (2015 Max Term) 9.50% $32.03
4 Years 11.50% $26.09

Rates shown are "as low as" based on credit scores of 751 or higher. All loans subject to membership & credit approval. Other rates, terms, and conditions may apply. Loan rates are subject to change at any time without notice. Normal underwriting guidelines apply. Rate will vary by the term of loan, model year of collateral, & credit score. Rate is determined by your personal credit history. Consumer type vehicles only at these rates. Commercial type vehicles will have increased rates.

**Rates quoted are for new Worcester CU loans only. Worcester CU loans being refinanced please add .50% to applicable rates. 

New & Used Motorcycle Loans Learn More Apply Now

Term APR as low as Monthly Payments per $1,000 Borrowed
3 Years 9.25% $31.92
4 Years 9.25% $25.00
5 Years 9.25% $20.88

Rates shown are “as low as” based on credit score of of 751 or higher.

Rates shown are “as low as” based on credit score of 751 or higher. All loans subject to membership & credit approval. Other rates, terms, and conditions may apply. Loan rates are subject to change at any time without notice. Normal underwriting guidelines apply.  Rate will vary by the term of loan, model year of collateral, & credit score. Rate is determined by your personal credit history.   

Rates quoted are for new Worcester CU loans only.  Worcester CU loans being refinanced please add .50% to applicable rate. 

New & Used Boats & Recreational Vehicle Loans Learn More Apply Now

Term APR as low as Monthly Payments per $1,000 Borrowed
1 -7 Years 10.25% $88.03
8-15 Years 11.75% $16.12
16-20 Years 13.50% $12.74

100% LTV for credit score of 720 or higher.

Rates shown are “as low as” based on credit score of 751 or higher. All loans subject to membership & credit approval. Other rates, terms, and conditions may apply. Loan rates are subject to change at any time without notice. Normal underwriting guidelines apply.  Rate will vary by the term of loan, model year of collateral, & credit score. Rate is determined by your personal credit history.  Consumer type vehicles only at these rates. Commercial type vehicles will have increased rates.  

Rates quoted are for new Worcester CU loans only.  Worcester CU loans being refinanced please add .50% to applicable rate. 

10 Year Mortgage Refinance Special/1st Lien Equity Learn More Apply Now

Type Interest Rate APR Monthly Payments per $10,000 Borrowed
10 Year Mortgage Refinance Special 5.95% 7.33% $110.77

Edge Home Equity Loans Learn More Apply Now

Term Interest Rate APR Monthly Payments per $10,000 Borrowed
5 Years 6.25% 6.25% $194.49
10 Years 6.75% 6.75% $114.82
15 Years 7.125% 7.125% $90.58
20 Years  7.50% 7.50% $80.56

Edge Home Equity Line of Credit Learn More Apply Now

Term Minimum Loan Amount APR Monthly Payments per $10,000 Borrowed
12 Month Introductory Rate $10,000 4.95% $65.72
240 Months $10,000 6.75% $77.53
  • *Home Equity Line of Credit must take a minimum draw of $10,000.00 upon account opening. Maximum loan amount is $500,000. Loans $250,000.01-$500,000 require appraisal.  Loans under $250,000 may also require appraisal.  Both are paid for by borrower and range from $400-$850 per appraisal due prior to ordering the appraisal.  Equity Lines of Credit are variable rates subject to increase after consumption, adjusting monthly to the Wall Street Journal (WSJ) Prime Rate minus 1.00% with a maximum APR rate of 18% with a floor of 4.50% APR. WSJ Prime Rate is 7.75% current as of 09/18/2024. An early termination fee applies for equity lines of credit closed within 36 months of opening the line of credit. Maximum Loan to Value 80%. Offer applies to 1-4 family, owner-occupied primary residences only. Not available for homes currently for sale or intended to be sold within 6 months of closing. Offer available for new money only. Other restrictions apply. All loans are subject to credit approval. Offer may be withdrawn at any time. NMLS#491585
  • An early termination fee of no more than $1,000 may be imposed to cover fees paid to third parties if the equity line is discharged within 36 months of the note date. Equity is determined by taking 80% of the property value and deducting the balance of any mortgages. If appraisal is required, the charge will range from $400 to $850. The minimum loan amount is $10,000. Property insurance is required. Worcester CU members must maintain a $5 membership share account relationship. All requests are subject to credit approval.
  • *Special Intro rates - If you have received an introductory rate special loan during the preceding 36-month period, you are not eligible to receive another introductory rate special loan and rate will default to the regular rate terms upon inception as set by the Prime Rate and Edge Home Equity line rate terms. 

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Worcester Credit Union is INSURED by National Credit Union Administration (NCUA) and Massachusetts Credit Union Share Insurance Corporations (MSIC). The NCUA insures all deposits up to $250,000 per account owners. All deposits above NCUA limits are fully insured by MSIC.

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