Welcome to

Winnebago County Schools Credit Union!

January Loan Special

Debit Consolidation Loan

8.59% up to 36 months

All loans must be new money and to qualified borrowers only.  Certain rates and restrictions do apply.  Rates are based upon information received from credit reporting agencies.

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Current Loan Rates

Auto, Trucks, Vans, Motorcycles                                                                            

Loan Type/Term	36 Months	48 Months	60 Months	72* Months
New	4.5%	4.75%	5.00%	5.25%
Used  (2009 or newer)	5.00%	5.25%	5.50%	5.75%
Used  (2008 - 2006)	5.50%	5.75%	6.00%	NA
Used  (2005 - 2004)	6.25%	6.25%	NA	NA
Used  (2003 - 2002)	6.50%	NA	NA	NA

  * Minimum $20,000                                                                      

Loan rates may vary based on credit evaluation.  Rates subject to change without prior notice.

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 Regulation of Interchange Fees May affect You

It's hard to imagine life without plastic cards. Debit and credit cards make it easier and safer to purchase the things you need as well as the things you want. And just as the cards are important to you, revenue from card use is vital to your credit union to support the administrative expense of card programs. Called interchange fees, they allow the cost of doing business to be shared among merchants and financial institutions.

Last year, Congress enacted a law that regulates the debit interchange rates and gives merchants more control over a consumer's use of debit cards and credit cards at the point of sale and how the transaction is processed.  The Federal Reserve Board voted to cap interchange fees in June, however the big banks were already raising fees on their customers prior to the vote.  Here at WCSCU, we aim to keep our fees as low as possible.  Even with the new debit card interchange fee cap, WCSCU will continue to offer services to meet your needs with fees that are lower than the big banks.  When you think about banking, think about your credit union first.

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WCSCU is offering Payday Alternative Loans (PAL) 

PAL is designed to provide our members with an alternative to high cost sources of credit.  The purpose of this loan is to give members fair priced credit, a place to learn about finances, and provide a way for the member to establish credit.

Credit requirements are as follows:

Maximum amount:    $500.00

Age requirement:     18 and older

Rate:                     Fixed at 18%

Repayment:            Up to 4 months to repay

Processing fee:      $30.00 non-refundable fee must be paid at the time application is submitted.

Some restrictions do apply.  For more information please call WCSCU at (815) 874-2188.

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