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Favorable Terms, Exceptional Service

Life’s big purchases require smart loan options, and that’s what Workers Credit Union is all about. For a home, vehicle or anything else, see how our rates help Massachusetts members.

Auto LoansRV LoanMortgage | Finish Line Refi | Personal Loans
Home Equity Loans and Lines of Credit

Auto Loans

New Auto Loan (new – 2013: 100% financing available) over $5,000
Used Auto Loan (100% financing available) over $5,000 Max term is 84 Months
For vehicles older than 2006 please call 978-345-1021.

  APRPayment per
$1,000
Based On
2013 - new - Up to 38 Monthsas low as2.90%$27.5838 Months
2013 - new - 39 to 66 Monthsas low as2.90%$16.4266 Months
2013 - new - 67 to 78 Monthsas low as3.90%$14.5378 Months
2013 - new - 79 to 84 Monthsas low as4.99%$14.1384 Months
2010 - 2012 - Up to 66 Monthsas low as2.99%$16.4566 Months
2009 and Older - Up to 48 Monthsas low as4.99%$23.0348 Months

RV Loan Rates

  APRPayment per
$1,000
Based On
Up to 84 Monthsas low as5.49%$14.3784 Months
85 to 144 Monthsas low as4.69%$9.10144 Months
145 - 240 Monthsas low as4.69%$6.44240 Months

1. All above rates represent the lowest possible rates currently offered. Rates subject to change without notice. Offers may be withdrawn at any time. Workers Credit Union membership required. Subject to our normal credit requirements.

Mortgage Rates

TermRate
Points
APRPayment Per
$1,000
Single Family Fixed Rate*
30 Years4.500%
1
4.635%$5.07
4.625%
0
4.674%$5.14
20 Years4.375%
1
4.559%$6.26
4.500%
0
4.566%$6.33
15 Years4.00%
1
4.232%$7.40
4.125%
0
4.208%$7.46
10 Years4.000%
1
4.333%$10.12
4.125%
0
4.245%$10.12
Adjustable Rate**
5/1 ARM - 30 Years3.500%
0
4.391%$4.49
7/1 ARM - 30 Years3.750%
0
4.367%$4.63
10/1 ARM - 30 Years3.990%
0
4.370%$4.77
Jumbo Fixed Rate***
30 Year Jumbo4.625%
0
4.993%$5.14
Government Loans****
FHA4.500%
0
5.571%$5.07
VA4.625%
0
4.840%$5.14
USDA4.500%
0
5.571%$5.07

*All Annual Percentage Rates (APRs) are based on $100,000 loan to purchase a single family primary residence at a 60% Loan-Io-Value (LTV) and a FICO Score of 740 or greater unless otherwise noted. Conforming Fixed Rate Loan Limits: 1 family $424,000; 2 family $543,000; 3 family $656,350; 4 family $815,650. Reduced Closing Cost Option-Ask us about how we can greatly reduce your closing costs with alternative pricing options.

**Adjustable Rate Mortgage (ARM) rates for purchase and refinance of 1-4 family owner-occupied properties only. 5/1 ARM available for construction of single-family owner-occupied property. Rates on ARMs may increase after closing at applicable adjustment term. Maximum loan amount of $2,000,000 at an 80% Loan-To-Value (LTV). All APRs are based on $100,000 loan to purchase a single family primary residence at a 60% LTV. ARMS 10/1, 5/1, 7/1: Caps 2% per adjustment and 6% over the lifetime of the loan. Index is 1-year treasury bill. Margin is 2.75%.
***All Annual Percentage Rates (APRs) are based on $480,000 loan to purchase a single family primary residence at a 75% Loan-To-Value (LTV) and a FICO Score of 740 or greater unless otherwise noted. Jumbo Rate Loan limits: 1 family $2,000,000 at 80% LTV. Lesser loan limits apply on LTVs greater than 80%.
****interest rates assume a purchase transaction of $100,000.00 on a single family primary residence with a down payment of 3.5 percent. VA, FHA & USDA Mortgages are not included in Workers Credit Union’s GiveBack Program. Programs for primary residence only.  Programs subject to change.

Workers Finish Line Refi*

Pay off your mortgage before you retire. The Finish Line Refi has a 7-year term at 3.50% APR and a 12-year term at 3.99% APR with no closing costs and only a $399 non-refundable application fee! Now you CAN finish that mortgage before you retire!

Workers Finish Line Refi*APRPayment Per
$1,000
5 - 7 years, $50,000 minimum3.50%$13.4484 Months
8 - 10 years, $50,000 minimum3.75%$10.01120 Months
11 - 12 years, $50,000 minimum3.99%$8.75144 Months

*A 5-year term with an interest rate of 2.99% is repayable in 60 payments of $17.96 per $1,000 borrowed. Annual Percentage Rate (APR) includes a .50% discount for automatic electronic loan payments from any Workers’ Checking Account. Other rates and terms are available. Rates subject to change without notice. Maximum 80% loan to value ratio. Offer applies to new loans only on an owner-occupied primary residence. Homeowners insurance required. Subject to our normal credit requirements. Offer may be withdrawn without notice. Workers Credit Union membership required. Subject to our normal credit requirements. Rates subject to change without notice. Offers may be withdrawn at any time. Workers’ Credit Union membership required

1. Rates subject to change without notice. Offers may be withdrawn at any time. Workers’ Credit Union membership required. Subject to our normal credit requirements.

2. $399 non-refundable application fee. Minimum loan amount $50,000. Terms are a minimum of 5 years and a maximum of 12 years. Borrower is responsible for property insurance and any cost or fees required by their current lender to have the loan refinanced with Workers’ Credit Union. Maximum loan amount not to exceed 80% of property value. The program is available only for refinances of single-family, owner-occupied primary residences and is not available to refinance current Finish Line Refi loans. Requires automatic payment from a Workers checking account, and active direct deposit into checking account within 60 days of Finish Line closing.

Home Equity Loans and Lines of Credit

Home Equity Line of Credit-80% Financing

Home Equity Line of CreditAPR
Interest Rate
 
Home Equity Line of Credit1.99%
APR3 is for 6 months
then Prime -.50%, or 2.99%,
whichever is higher2
Home Equity Line of Credit3.99%
APR 4 for 60 months
then Prime -.50%, or 3.99%,
whichever is higher2

1. Rates subject to change without notice. Offers may be withdrawn at any time. Workers’ Credit Union membership required. Other restrictions may apply.
2. There is a 10-year draw period and a 10-year repayment period. Maximum combined loan to value is 80% for owner-occupied primary residence and 75% for owner-occupied second homes. An annual fee of $30 will be waived if the borrower has the monthly payment paid automatically from a Workers’ checking account. Offer applies to new Workers CU lines only. Homeowner’s insurance is required. $350 early termination fee will be charged if discharged within the first two years. Subject to normal underwriting requirements. Maximum interest rate is 18%. Current Wall Street Journal Prime is 4.75%.
3. An introductory Annual Percentage Rate (APR) of 1.99% is guaranteed for 6 months, with a periodic rate of 0.00545. Thereafter, our minimum APR will be set on the first business day of each month which will be either a floor rate of 2.99% APR with a periodic rate of 0.00819%, or .50% below the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Minimum rate is 2.99%. Maximum rate is 18%. Minimum line amount is $25,000.
4. Introductory Rate of 3.99% APR for 60 months with a periodic rate of .01093%. Thereafter the APR will be set on the first day of each month at .50% below the Prime Rate published in the Wall Street Journal on the last business day of the previous month. The current minimum rate would be 3.99% with a periodic rate of .01093%. Minimum line amount is $25,000.

5. Annual Percentage Rate (APR) includes a .50% discount for automatic electronic loan payments from any Workers’ Checking Account. Other rates and terms are available. Rates subject to change without notice. Maximum 80% loan to value ratio. Offer applies to new loans only on an owner-occupied primary residence. Homeowners insurance required. Subject to our normal credit requirements.

Home Equity Loans-80% Financing

Home Equity Fixed Rate LoansAPR
Monthly Payment
per $1000
BASED ON
Up to 60 Months, $25,000 minimum52.99%
$17.96
60 Months
Up to 120 Months $25,000 minimum53.99%
$10.12
120 Months
Up to 180 Months, $25,000 minimum54.49%
$7.65
180 Months
Up to 240 Months $25,000 minimum54.99%
$6.60
240 Months

1. Rates subject to change without notice. Offers may be withdrawn at any time. Workers’ Credit Union membership required. Other restrictions may apply.
2. There is a 10-year draw period and a 10-year repayment period. Maximum combined loan to value is 80% for owner-occupied primary residence and 75% for owner-occupied second homes. An annual fee of $30 will be waived if the borrower has the monthly payment paid automatically from a Workers’ checking account. Offer applies to new Workers CU lines only. Homeowner’s insurance is required. $350 early termination fee will be charged if discharged within the first two years. Subject to normal underwriting requirements. Maximum interest rate is 18%. Current Wall Street Journal Prime is 4.75%.
3. An introductory Annual Percentage Rate (APR) of 1.99% is guaranteed for 6 months, with a periodic rate of 0.00545. Thereafter, our minimum APR will be set on the first business day of each month which will be either a floor rate of 2.99% APR with a periodic rate of 0.00819%, or .50% below the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Minimum rate is 2.99%. Maximum rate is 18%. Minimum line amount is $25,000.

4. Introductory Rate of 3.99% APR for 60 months with a periodic rate of .01093%. Thereafter the APR will be set on the first day of each month at .50% below the Prime Rate published in the Wall Street Journal on the last business day of the previous month. The current minimum rate would be 3.99% with a periodic rate of .01093%. Minimum line amount is $25,000.
5. Annual Percentage Rate (APR) includes a .50% discount for automatic electronic loan payments from any Workers’ Checking Account. Other rates and terms are available. Rates subject to change without notice. Maximum 80% loan to value ratio. Offer applies to new loans only on an owner-occupied primary residence. Homeowners insurance required. Subject to our normal credit requirements.

 

Home Equity Loans and Home Equity Lines of Credit-100% Financing

 APR
Home Equity Line of Credit5.00% or Prime +1.50%,
whichever is higher2
Home Equity Fixed Rate LoansAPRPayment per
$1,000
Based On
Up to 60 Months, $25,000 minimum55.49%$19.1060 Months
Up to 120 Months $25,000 minimum55.49%$10.85120 Months
Up to 180 Months, $25,000 minimum55.99%$8.44180 Months
Up to 240 Months $25,000 minimum56.49%$7.45240 Months

1. Rates subject to change without notice. Offers may be withdrawn at any time. Workers’ Credit Union membership required.
2. APR will be set on the first business day of each month at either a floor rate of 5.00% APR with a periodic rate of 0.01369%, or 1.50% above the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Current Wall Street Journal Prime is 4.75%. Minimum rate is 5%. Maximum rate is 18%. There is a 10-year draw period and a 10-year repayment period. Maximum loan to value is 100%. An annual fee of $30 will be waived if the borrower has the monthly payment paid automatically from a Workers checking account. $350 early termination fee will be charged if discharged within the first two years. Offer applies to new loans only on owner-occupied single family and condominiums only. Homeowners insurance required. Subject to specific credit requirements due to additional credit union insurance.

3. Annual Percentage Rate (APR) includes a .50% discount for automatic electronic loan payments from any Workers’ Checking Account. Other rates and terms are available. Rates subject to change without notice. Maximum 100% loan to value ratio. Offer applies to new loans only on owner-occupied single family and condominiums only. Homeowners insurance required. Subject to specific credit requirements due to additional credit union insurance. Other restrictions may apply.

Personal Loans

  APRPayment
Per $1,000
Based On
Up to 72 Monthsas low as7.99%$17.5372 Months

1. All above rates represent the lowest possible rates currently offered. Rates subject to change without notice. Offers may be withdrawn at any time. Workers’ Credit Union membership required. Subject to our normal credit requirements.

Checking Account Tools

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Mortgage Rates

30 Year Fixed
4.625% Rate  4.674% APR*

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