Western announces 2008 scholarship winners
Alysha Werstiuk of Westerville North High School won the $1,000 W. Eugene Tinapple Memorial Scholarship. Jenice C. Brown of Grove City High School and Aliza Kumpinsky of Hilliard Davidson High School each won $500 scholarships. Congratulations to our three winners and thank you to all of the students who participated.
Does your mortgage have you boxed in?
Western Credit Union is a full-service mortgage lender providing a variety of financing options, including new and refinanced mortgages and a Home Equity Line-of-Credit (HELOC).
The “American Dream” for many is home ownership. However, as adjustable rate mortgages (ARM) reprice, many homeowners feel like they are living a “nightmare.” If your nightmare is being “boxed in” a mortgage that is or will be experiencing an increase in the monthly payment, now is the perfect time to “escape” to Western.
Let us help with a mortgage that delivers peace of mind. It’s a buyer’s market in home sales and that means now is a good time for you to purchase a new or existing property. Western can handle the mortgage financing from any of our three Member Solution Centers. All you need to do is contact one of our Solution Center managers or Leo Ramos at 614.276.6589x235 or lramos@westerncu.com.
If you have a home and want to put the equity to work for you, why not get a Western HELOC (Home Equity Line-of-Credit) to spice up your kitchen, consolidate bills, or winterize your home with new doors and windows? The Western HELOC is a variable rate line-of-credit. All you need to do is write a check up to the amount of your available credit. As you repay the loan you can pay the minimum or pay more. As the funds are repaid, they become available for future borrowing during the five year draw. In most cases the interest is tax deductible (see your tax consultant for more information). Contact Western for all your mortgage financing needs. You’ll be glad you put the built-up equity to work.
*Annual Percentage Rate (APR) is variable and indexed to the Prime Rate as published in the Wall Street Journal minus 1.01%. As of 9.07.07 the contract rate is 7.24%.Maximum APR governed by Ohio usury laws. Closing costs and prepayment penalty will apply. $50 annual fee waived for the first year. Consult your tax advisor regarding deductibility of interest.
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Too Much Month, Not Enough Money?
StretchPay can help
 Unexpected expenses can lead to living
paycheck-to-paycheck. When cash flow
is tight, payday may not arrive soon
enough to pay bills on time. Turn to
Western for the new, short-term loan
called StretchPay to help you make it
over the hump until the next payday.
Where commercial payday lenders
may charge fees equivalent to annual
percentage rates (APRs) of 400% and
more on their payday loans, StretchPay
charges a low rate of 18% APR, plus a
small annual fee to enroll in the
program.*
With StretchPay, you pay less
in finance charges, which leaves more
to spend on things that are important to
you. Once you pay off the loan,
you can use it again and there is
no hassle, no application, and
no additional fees.
*To qualify, you must be a Member of our credit union for at least 90 days, be able to show proof of income, have no delinquent accounts at the credit union, and not be in the process of filing for bankruptcy. Finance charges on a 30-day $250 StretchPay loan are $3.70. Loan fee for a commercial payday lender charging $15 per $100 borrowed is $150 for $500 borrowed over two 14-day terms.
Debt problems?
Western offers free credit counseling to Members
Western Credit Union offers free, confidential credit counseling through Consumer Credit Counseling Services. Whether you are trying to pay off debt, build your savings, or improve your credit, we're here to lend a hand. Our experienced, certified counselor will analyze your situation to help you develop a plan of action.
Read more about this service.
Switch to E-Statements and enjoy the convenience
Sign up for E-Statements and receive your monthly statement in your e-mail. E-Statements are fast, safe, convenient, eco-friendly and easy to read. E-Statements make reconciling your accounts online simpler than ever! We'll even deposit 25¢ in your account each month!
To sign up, sign in to It's Me 247 and select "View Your Statements."
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