Personal Loans
All consumer loans up to $30,000 for members 69 and younger are covered at no extra cost under an automatic life insurance policy*!
*Restrictions may apply; not available on credit card balances
Signature Loans
We offer Signature or “Good Faith” Loans that do not require any equity or asset backing, such as a home equity or car loan. All that is needed is your signature! Subject to credit approval.
Open-End Line of Credit
We provide Open-End Lines of Credit, also known as “Revolving Credit” or “Overdraft Protection” to members for low interest rates and flexible amounts.
You can make draws on the loan up to the maximum amount. The payment is $3.00 per $100 of the approved credit limit. For example, if you have an approved open-end with a limit of $5,000.00, the payment is $150.00 per month, no matter what your balance is.
CDs and Share-Secured Loans
Why Choose a Share Pledge Loan?
• Borrow against your own money at a super-low rate while you continue to earn dividends on your savings
• Keep your savings intact; so funds are still available after you pay off your loan
• No credit check is required
• Start building your credit score with a low-rate loan – positive payment history raises your score
Share-Secured Loan Comparison Chart
| Details | CD-Secured Loan | Savings-Secured Loan |
|---|---|---|
| Minimum Loan Amount | $1,000 | $250 |
| Maximum Loan Amount | $100,000 | $100,000 |
| Minimum Loan Term* | Matches CD Term | No Minimum |
| Maximum Loan Term* | 120 months | 120 months |
| Rate up to 60-Month Loan Term | 2.50% above share/CD rate | 3.50% above share/CD rate |
| Discount for Auto-Pay (ACH or Payroll Deduction) | 0.25% | 0.25% |
| Deposit Balance Released as Loan Payments Are Made? | Yes | Yes |
| Self-Serve Apply on It's Me 247 Online Banking? | Yes | Yes |
*Some restrictions may apply based on loan balance requested
NEW! Self-Serve CD or Share-Secured Loans
Simply log in to It’s Me 247 to complete all the steps for your loan – no loan officer needed!
You need an existing CD or share account under the same membership number
Skip-A-Pay
We now offer YEAR-ROUND Skip-A-Pay! You can free up some extra cash when YOU need it most, any time of the year! A $25 fee will be applied per loan skipped.
How to apply:
Simply log in to your It’s Me 247 account and click on your eligible consumer loan. Select ‘Skip a Payment’ and follow the prompts. Be sure to apply for your Skip-A-Pay at least 10 days before your payment is due.
Contact Us
| Contact | Title | Phone | Nakita S. Certified Credit Union Financial Counselor |
Consumer Lending Manager | (225) 673–7188 | loan@wymarfcu.com |
|---|---|---|---|
| Katrina H. Certified Credit Union Financial Counselor |
Consumer Lending Officer | (225) 673–7195 | loan@wymarfcu.com |
Disclaimer: Skip-A-Pay eligible for members in good standing. Must have current consumer loan open for six months, paid monthly and financed through Wymar FCU. If all apply, you will see a green SP in your It’s Me 247 account next to your consumer loans, to show you are eligible. Allowed a maximum of four total Skip-A-Pay’s during the life of the loan. Interest will continue to accrue on loans when payment is skipped. Excludes mortgages and credit cards. Applications must be received at least 10 days before loan payment is due. If your loan is set up to automatic transfer, you will need to contact us to cancel the payment for the month skipped. If your loan is set up to pay biweekly, you will need to contact us in order to skip payments.