Rates effective as of August 3, 2022

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

Prime Rate (as of July 31, 2022) as published in Wall Street Journal is 5.50%

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

Type APY Interest Rate
Kasasa Cash 1.50% 1.50%

Minimum $1 to open an account.

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 Certificate of Deposit Learn More

Term APY Interest Rate
12 Month IRA 0.20% 0.20%
24 Month IRA 0.30% 0.30%
36 Month IRA 0.35% 0.35%

Minimum $500 required. Early withdrawal penalty.

IRA Accounts Learn More

Type APY Interest Rate
IRA Savings 0.05% 0.05%

Certificate of Deposit Learn More

Call 508.853.9966 to lock in at these great rates!

Term APY Interest Rate
6 Month CD 0.10% 0.10%
12 Month CD 0.20% 0.20%
24 Month CD 0.30% 0.30%
36 Month CD 0.35% 0.35%

New Money Only is defined as deposits and investments not previously held by Worcester Credit Union. Minimum deposit is just $500, there is a penalty for early withdrawal. Stated minimum opening deposits are the minimum balances required to receive stated APY’s. Simple interest CDs that are 12 months or less will pay interest at maturity and CDs that are greater than 12 months the interest will be paid annually. Membership requirements apply and rate is subject to change without notice.

*CD Specials require ‘new money’ and are limited to one special account/term per owner by TIN.

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.

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 Certificate of Deposit Learn More Apply Now

Term APY Interest Rate
12 Month CD 0.20% 0.20%

Minimum $500 required. Early withdrawal penalty.

Simple interest CDs that are 12 months or less will pay interest at maturity and CDs 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

At a 4.375% interest rate, the APR for this loan type is 4.821%. The monthly payment schedule would be:

  • 179 payments of $1,517.24 at an interest rate of 4.375%
  • 1 payment of $1,511.73 at an interest rate of 4.375%
  • This payment schedule is based on a $200,000 loan on a $250,000 property in Worcester county, MA. 

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
Member Assistance Loan1 1 Year 7.50% $86.76
Credit Card N/A 10.75%4 N/A
Personal Loan2 1-6 Years 10.25% $88.03
Secured by Savings3 1 Year 3.20% $84.78
Personal Lines of Credit N/A 14.00% N/A

1Max loan amount $2,500, min $500; min. credit score of 620,
first payment not due for up to 60 days after closing

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

3CD Secured Loans – 3% above interest rate paid on certificate of deposit.

4There is a Six-month 0% APR balance transfer offer for new cardholders only. After six months, 0% APR balance transfer rate converts to, as low as 10.00% variable APR. Current WCU 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.

New Vehicle Loans Learn More Apply Now

Vehicles 2020 or newer.  Loans exceeding $50K may finance up to 84 months.  

 

Term APR as low as Monthly Payments per $1,000 Borrowed
3 Years 2.99% $29.08
4 Years 3.29% $22.26
5 Years 3.79% $18.32
6 Years 4.54% $15.89
7 Years 5.29% $14..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 Loans Learn More Apply Now

For 2014-2020 Used Auto 

Term APR as low as Monthly Payments per $1,000 Borrowed
3 Years 3.99% $29.52
4 Years 4.25% $22.69
5 Years 5.00% $18.87

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. 

New & Used Motorcycle Loans Learn More Apply Now

Term APR as low as Monthly Payments per $1,000 Borrowed
3 Years 6.24% $30.53
4 Years 6.24% $23.60
5 Years 6.24% $19.44

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
5 -7 Years 8.24% $20.39
8-10 Years 9.50% $14.91
     

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. 

New & Used Small Recreational Vehicle Loans Learn More Apply Now

Term APR as low as Monthly Payments per $1,000 Borrowed
1 - 5 Years 8.25% 1 Year - $87.10

100% LTV for credit score of 720 or higher.

Maximum age at time of financing for small recreational vehicle is 5 years. 

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 $1,000 Borrowed
10 Year Mortgage Refinance Special 4.50% 4.54% $10.36

Edge Home Equity Loans Learn More Apply Now

Term Interest Rate APR Monthly Payments per $10,000 Borrowed
5 Years 4.75% 4.75% $18.76
10 Years 5.00% 5.00% $10.61
15 Years 5.50% 5.50% $8.17
20Years  6.25% 6.25% $7.31

Edge Home Equity Line of Credit Learn More Apply Now

Maximum Term Minimum Loan Amount APR Monthly Payments per $10,000 Borrowed
240 Months $10,000 5.00% $6.60

* Equity Lines of Credit are variable rates subject to increase after consummation, adjusting monthly to the Wall Street Journal (WSJ) Prime Rate minus .50% with a maximum APR rate of 18.00% with a floor of 4.00%.   Draw period is ten years with an additional ten years to repay. An early termination fee of no more than $500 may be imposed to cover fees paid to third parties if the equity line is discharged within 24 months of the note date. Rate is subject to change after consummation. Offer only applies to owner-occupied primary residences. 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.

Bank Your Way 24/7/365
Telephone Teller • Online Banking • Mobile Banking

Electronic Banking

Worcester Credit Union is insured by both 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 the NCUA limits are fully insured by the MSIC.