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Welcome Federal Credit Union is an "Equal Opportunity Lender", making loans without regard to race, color, religion, sex, national origin, marital status, or age.

Refer to the following topics for specific information about the loan programs we offer:


How to Apply for a Loan

You can apply for a loan as soon as you have opened an account with us. Applicants must meet the Credit Union's criteria for credit worthiness (i.e., good current and past credit history, satisfactory debt ratio, good employment status, etc.).

Complete a loan application if you are applying for one of the following loan types: Vehicle, Visa Credit Card, Home Equity Line-of-Credit Loan, First-time applicant, Debt Consolidation, Computer, Disaster, Tax Relief, or Bridge.

For Line-of-Credit loans, do not complete a loan application if you have an approved application on file with us. For Real Estate loans including First Mortgage and Land loans, contact your branch.

We offer several ways to apply for a loan. The links are below. Please contact your branch for more information or if we can help you in any way.

If you need further assistance, phone one of our loan experts or call us toll-free at 1-888-932-8148.


Types of Loans Available

Personal Loans - Click here to apply for your loan online

Credit Cards

Sallie Mae's Smart Option Student Loans®

Share Secured Loans - Click here to apply for your loan online

Certificate Secured Loans - Click here to apply for your loan online

Vehicle Loans - Click here to apply for your loan online

Real Estate Loans
(Home Equity Line-of-Credit and Land loans are restricted to real estate located within the state of North Carolina)


Sallie Mae’s Smart Option Student Loans®

For college expenses not covered by scholarships and federal loans, Welcome Federal Credit Union has partnered with Sallie Mae to bring you loans with great repayment options and competitive rates.

GET THE MONEY YOU NEED FOR SCHOOL

  • Competitive interest rates
  • 3 repayment options
  • No origination fee

For more information or to apply visit https://www.salliemae.com/smartoption/welcomecu.


Personal Loans

Line-of-Credit Loans - Click here to apply for your loan online.

  • Credit limit = $1,000.00 up to $10,000.00, based on credit worthiness and 10% of gross annual salary not including overtime, bonuses, etc.

Overdraft Line-of-Credit Loans - Click here to apply for your loan online.

  • Available protection on your "Credit Union Checking" account
  • Protect yourself by avoiding check returns and non-sufficient funds fees
  • Credit Limit = Up to $10,000.00
  • Payment is automatically deducted from your checking account.

Holiday Line-of-Credit Loans - Click here to apply for your loan online.

  • Credit limit between $1,000.00 and $2,500.00, depending on credit worthiness
  • Advances can be made between October 1 and January 31 of each year.

Summer Vacation Line-of-Credit Loans - Click here to apply for your loan online.

  • Credit limit between $1,000.00 and $2,500.00, depending on credit worthiness
  • Advances can be made between May 1 and August 31 of each year.

Debt Consolidation Loans - Click here to apply for your loan online.

  • Amount = Up to $10,000.00 per member
  • Paid-in-full receipts are required for all debts consolidated.

Tax Relief Loans - Click here to apply for your loan online.

  • To assist you when you are required to pay taxes
  • Amount = Up to $10,000.00 per member
  • A copy of tax return form or tax invoice/bill is required prior to disbursement of loan proceeds.
  • Includes taxes due to the following revenue collecting agents: Federal, State, County, or City.

Disaster Loans (Disaster is defined as fire, flood, tornado, hurricane, wind, water, earthquake, etc.) - Click here to apply for your loan online.

  • Amount = Up to $10,000.00 per member
  • Documented proof of the insurance claim may be required
  • Disaster loans are "interest-free" for the first 90 days.

Bridge Loans - Click here to apply for your loan online.

  • If you are expecting an influx of funds within 90 days, but need the money now, we have the help you need. If your funds are coming from a verifiable source, we may be able to loan you the money with a bridge loan.
  • A few examples of acceptable verifiable sources of income are: insurance settlement; inheritance; divorce settlement; estate settlement, etc.

For more information about personal loans or to obtain an application for this loan, you can either print our loan forms from this web site or call or stop by any of our branch offices.


Share Secured Loans - Click here to apply for your loan online.

  • The amount secured will be the amount equal to the outstanding loan balance plus interest. (As the principal loan balance is repaid, those dollars then become available to you should you want to withdraw them.)
  • Share Certificates, Christmas Club Accounts, Money Market Savings Account, and Individual Retirement Accounts do not qualify for share loans.

For more information about share secured loans or to obtain an application for this loan, you can either print our loan forms from this web site or call or stop by any of our branch offices.


Certificate Secured Loans - Click here to apply for your loan online.

  • If you have invested your money in a WFCU Share Certificate and need the funds before the maturity date, we have a loan option for you. You can borrow up to 90% of the certificate amount and pledge your certificate as collateral.

For more information about certificate secured loans or to obtain an application for this loan, you can either print our loan forms from this web site or call or stop by any of our branch offices.


Vehicle Loans - Click here to apply for your loan online.


We’ve got a powerful new tool that can help make your car shopping experience easier. It’s the AskAuto® app – our new downloadable app for smartphones and tablets.

With the AskAuto app, you can:

    Scan the VIN on a car to get average retail cost and EPA mileage estimates. Compare, rank and save notes on vehicles you like. Learn which loans might be best for you. Apply for a loan anytime, anywhere using your smartphone. Saves you time!

Want to take AskAuto app for a test drive? Download your free app for iPhone, iPad, and Android devices today at
http://askauto.loanliner.com/market. Be sure to select Welcome Federal Credit Union on the app’s startup screen.


New Automobile, Truck, Recreational Vehicle, Boat, and Motorcycle Loans - Click here to apply for your loan online.

  • Amount financed is based on approved credit, individual circumstances, and the value of the vehicle as established by the vehicle's sticker price, MSRP, or Kelley Blue Book value. For additional information, call or stop by any of our branch offices.
  • Taxes, license fees, and warranties may also be financed.
  • All vehicles up to one year old will be financed as "new" (ex., all 2014 & 2015 models will be financed as new for the entire year of 2015).
  • Take advantage of Anytime Advisor New Car Buying Coach. Click here for more information.

Used Automobile, Truck, Recreational Vehicle, Boat, and Motorcycle Loans - Click here to apply for your loan online.

  • Amount financed is based on approved credit, individual circumstances, and the value of the vehicle as established by the N.A.D.A. Official Used Car Guides depending on year, model, and condition of vehicle. For additional information, call or stop by any of our branch offices.
  • Taxes, license fees, and warranties may also be financed.
  • Take advantage of Anytime Advisor Used Car Buying Coach. Click here for more information.

Classic Auto Loans - Click here to apply for your loan online.

  • Amount financed is based on approved credit, individual circumstances, and the low retail, average retail, or high retail value as defined by the NADA Classic Cars Appraisal Guide. For additional information, call or stop by any of our branch offices.
  • Classic vehicle classification will be determined as any vehicle 15 years or older.

For more information about vehicle loans or to obtain an application for this loan, you can either print our loan forms from this web site or call or stop by any of our branch offices.


Route 66 Extended Warranty

Don’t let unexpected car repairs stress you out! You never know when your car is going to break down. WFCU offers three coverage levels through Route 66 Extended Warranty. Your plan will be determined by the make, model, age, and mileage of your vehicle. Click for more information.


Real Estate Loans

(Home Equity loans and Land loans are restricted to real estate located within the state of North Carolina.)

Mortgage Loans - Click here to apply for your loan online.

The dream of home ownership is alive and well with competitive lending solutions available at Welcome Federal Credit Union. Did you know that the Credit Union you trust with all your financial needs can also help with your mortgage loan? We have a full service mortgage department ready to help you with all your mortgage needs. Conventional, FHA, VA, and many more loan programs are available for just the right fit for your financial objectives. Whether you’re refinancing or purchasing your home, our experienced staff will walk you through the process. Don’t wait, start the process today while rates are still great!

Our mortgage partner, CU Members Mortgage has more than 30 years of experience working in credit union lending. They offer competitive rates and terms, a vast product line, retained servicing, and are dedicated to superior member service. For more information, phone 800-635-7128, press 0 to reach the receptionist and ask for the Welcome Federal Credit Union Loan Officer. For rate quotes, frequently asked questions, calculators, or to apply, we invite you to visit our mortgage website:

https://welcomecu.mortgagewebcenter.com/

More Information

If you're looking for a new home or just some extra cash, we've got a custom mortgage loan made especially for you. The best options, great rates, and someone you trust to guide you!

Property nationwide is eligible. (Property in Puerto Rico is excluded.)
  • Purchase a new home.
  • Refinance your current mortgage loan.
  • Eligible property is one to four family dwellings, including condominiums, townhouses, and modular homes. (Modular homes, for the purpose of this policy are defined as pre-fabricated construction and must comply with the North Carolina State Uniform Residential Building Code, Volume VII. If the property is located outside the state of North Carolina, it must comply with that state’s specific residential building code.) All properties must be owner-occupied, primary residence.
    (Investment or rental property, commercial farm property, commercial property, second homes, vacation homes, double-wide manufactured homes, and construction loans are not permitted.)
  • CU Members Mortgage does include investment property, second homes, and vacation homes as eligible property. Contact them for more information at 800-635-7128, press 0 for the receptionist.
  • Government loans (FHA, VA).
  • Fixed and Adjustable rate loans.
  • Cash-out refinances.
  • Take advantage of Anytime Advisor Home Buying Coach. Click here for more information.
  • Unlike competitors, CU Members Mortgage doesn’t outsource loan serving to third parties. You’ll always know who to call with questions and you’ll have online access to your mortgage account information 24/7.
  • Apply for your mortgage loan online at our Mortgage Web Center.

For more information about our mortgages, please complete the following form:





This is not an offer to extend consumer credit as defined by Section 1026.2 of Regulation Z. Rates and terms are subject to change. Home loans are provided in partnership with CU Members Mortgage a division of Colonial Savings, F.A. NMLS 401285.



Housing counseling agencies approved by the U. S. Department of Housing and Urban Development (HUD) can offer independent advice about whether a particular set of mortgage loan terms is a good fit based on your objectives and circumstances, often at little or no cost.

If you are interested in contacting a HUD-approved housing counseling agency in your area, you can visit the Consumer Financial Protection Bureau’s (CFPB) website, www.consumerfinance.gov/find-a-housing-counselor, and enter your zip code.

You can also access HUD’s housing counseling agency website via http://www.consumerfinance.gov/mortgagehelp/.

For additional assistance with locating a housing counseling agency, call the CFPB at 1-855-411-2372.

Land Loans

  • Amount = Up to 90% of the actual selling price or up to 90% of the appraised value, whichever is less
  • Land financed is restricted to undeveloped, single-family dwelling, residential lots.
  • The land will be used as security for the loan.
  • Purchase or if you already own or have equity in the land, use it as collateral for cash-out.

If you are interested in a land loan, please call your nearest Welcome Federal Credit Union branch office for detailed information.

Home Equity Line-of-Credit Loans - Click here to apply for your loan online.

WFCU offers a home equity line of credit for primary residences and second/vacation homes for properties located in North Carolina. Use your credit line for just about anything including remodeling projects, educational expenses, wedding or new baby expenses, dream vacations, etc.
  • No Closing Costs!*
  • No points, origination fees, or application fees*
  • Borrow up to 100% of the equity in your home!
  • Borrow up to 75% of the equity in your second or vacation home! (Second/vacation homes must not be used for rental or other investment property.)
  • Revolving line of credit – borrow funds up to your credit limit any time.
  • The interest you pay on your home equity line of credit loan may be tax deductible. Consult a tax advisor regarding the deductibility of interest.
  • Click here to easily apply online.

*APR is variable rate and may increase after account is opened which could change minimum payments. The index is the Prime Rate as published in the Wall Street Journal as of the last business day of January each year. The APR can change annually on the first day of May. The rate cannot increase more than 1.0 percentage point in any one year period. The maximum APR cannot increase more the 5 percentage points above the initial rate. The maximum APR for a home equity line of credit is 15.00%. The minimum APR is 3.00%. Advertised rate is based on lowest offered for product advertised as of January 31, 2017. Your rate and terms may differ depending on the combined loan-to-value and your creditworthiness.

All extensions of credit are subject to credit approval. Applicants not approved for advertised rates or terms may be offered credit at a higher rate and/or different terms. Some restrictions apply. All terms subject to change without notice. WFCU lending criteria must be met. Eligible property must be located in the state of North Carolina. An appraisal and property insurance are required. Flood insurance is required, if applicable. The minimum line of credit limit is $5,000.00 and the maximum line of credit limit is $200,000.00. No closing costs. However, repayment of $500.00 of the closing costs paid by WFCU on your behalf will be added to the payoff amount if the credit line is closed and deed released within 24 months of the loan origination date.

Welcome Federal Credit Union is an Equal Housing Lender.

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Your savings are Federally insured to at least $250,000 and backed by the full faith and credit of the United States Government (National Credit Union Administration, a U.S. Government Agency). The Tree Swirl Service Mark is a registered trademark of Welcome Federal Credit Union. Unauthorized use is prohibited.

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