Bounce Free Loans
Things do happen and suddenly you find your account in a negative status. We can help you get back on track and establish your good credit name at the same time with our Bounce Free Loan.
- Bounce Free Loans are offered when your checking account has been negative up to forty-five days.
- Bounce Free loans may also be offered if your checking account has been closed and charged off due to negativity of 45 days or longer.
- The interest rate on our Bounce Free Loan will be determined by your credit score and no discounts to the loan rate will apply.
Credit Re-builder Loan
Credit Re-builder loans are a special loan set to give you the extra cash you need for the holidays or any other reason, while providing you assistance in improving your credit score.
- Loan amount range: $500 - $1000 with a 12 Month Term
- Must meet with Credit Union Financial Counselor
- A checking account is required
- Direct deposit-payroll deduction is required
Skip A Pay
Now you can skip a loan payment! This program can help off set your bills or maybe you just need some extra assistance for a month. We are always here to help you through the tough times. Please call the Credit Union at 734.721.5700 to setup the Skip A Payment program on your loan.
By participating in Skip-A-Payment program, you request that WWFCU defer your loan payments as indicated. You agree and understand that 1) Loans must have originated 90 days prior to be eligible; 2) All co-signers of the loan must agree to the Skip-A-Pay program and sign the request; 3) If we are unable to stop your ACH payment in time, your skipped payment may be delayed until the next scheduled payment; 4) FINANCE CHARGES will continue to accrue at the rate provided in your original loan agreement, during and after this time; 5) Deferring your payment will result in your having to pay higher total FINANCE CHARGES than if you made your payment as originally scheduled; 6) The payment deferred will extend the terms of your loan(s) and you will have to make extra payment(s) after your loan(s) would otherwise be paid off; 7)You will be required to resume your payments the following month. If you elected GAP Coverage, the coverage will not be extended beyond the original maturity date. All deferrals are subject to approval. Your loan(s) must be current (have no past due amount) to accept this offer. Certain restrictions may apply. Excludes all Real Estate Loans.
We understand that legitimate situations can happen to our members financially which would cause them to be unable to make one loan payment or several loan payments. The member could have lost their job, but are now back to work. Maybe there was a medical emergency, or even a death in the family which caused the member a financial hardship.
Our loan extension program is for members who are currently delinquent on their loan. Most loan extensions do not exceed three months.
A maximum of two loan extensions will be granted per loan term. (First Mortgage loans are not included)