Rates

Undergraduate

The Annual Percentage Rate (APR) for our undergraduate private education loan is variable1 and is based on the Prime index2 plus a margin.

The current offered rate3 will be between 6.50% and 8.75% APR

Your Interest Rate is calculated by adding the Index plus a Margin4

All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice.

Credit union membership and a minimum share deposit is required. Contact us for membership details.

 

  1. The Annual Percentage Rate is subject to increase after consummation. Your Interest Rate is variable and may be adjusted quarterly on each January 1, April 1, July 1 and October 1 (Adjustment Date) based on the  Prime index as published in the Wall Street Journal on the first business day of the month immediately prior to the Adjustment Date (e.g., December, March, June and September). Any increase in the index may increase the APR and the amount of your monthly payment.

  2. The "Index" for the quarter beginning April 1st, 2018, is 4.50%, which was the Prime index published in the Wall Street Journal on the first business day of March 2018.

  3. Current offered rate(s) are calculated by using the Index and Margin value(s) in effect. Your specific Index, Margin, and/or credit approval depends upon the credit qualifications of the student borrower or cosigner (if applicable). Student borrowers may apply with a creditworthy cosigner which may result in a better chance of approval and/or lower interest rate.

  4. Margin will be disclosed upon approval. This Margin is added to the Index to determine the calculated interest rate. The APR will not exceed 18.00%, regardless of the Index. 

Undergraduate Repayment Examples:

West_Community_Repayment_Examples_3-18

*assumes 48 month in-school period, 6-month grace (except full repayment), single disbursement of $10,000, and .25% ACH discount.