With its down-to-earth mission statement, “We help people through life,” and having been named best bank in Ohio for 2017-2018 by Money magazine, it’s no wonder that Wright-Patt Credit Union has a member base of more than 325,000 and climbing. And the credit union’s benefits don’t just extend to the military and civilian employees of Wright-Patterson Air Force Base. Other people who qualify are also welcome to join.
Find out how to qualify as a member of WPCU, as well as the advantages a credit union can offer you.
|Wright-Patt Credit Union Fees and Rates At-a-Glance|
|Checking With Dividends||0.04% APY for balances of $0.01 to $24,999.99; 0.08% APY for balances of $25,000 and higher||N/A||Must be a Wright-Patt Credit Union member to apply||Variable-rate account; dividend and APY rates might change|
|TrueSaver Savings||3.00% APY for balances of $0.01 to $500; 0.08% APY for balances of more than $500.01||N/A||Must be a Wright-Patt Credit Union member to apply||Variable rate account; dividend and APY rates might change|
|Personal Loan||As low as 7.99% APR||0 to 60 months||Must be a Wright-Patt Credit Union member to apply||Rates depend on credit history, term of loan and loan-to-value|
|Auto Loan||3.14% to 4.64% APR||0 to 84 months||Must be a Wright-Patt Credit Union member to apply||$8,000 minimum for 64-month loans or greater term; $18,000 minimum for 76-month loans or greater term; 2012 models or newer qualify for loans of 76 months or greater|
|Mortgage||4.471% to 4.858% APR||5/5 ARM to 30-year fixed||Must be a Wright-Patt Credit Union member to apply||Amount of down payment, equity and whether purchasing or refinancing with additional debt affect rate|
|Certificates of Deposit (Share Certificates)||1.48% to 2.87% APR||6 to 72 months||Must be a Wright-Patt Credit Union member to apply||Accounts are variable and dividend rates might change|
|Credit Card||7.75% to 17.99% APR||N/A||Must be a Wright-Patt Credit Union member to apply||APR varies based on Prime Rate|
|Rates current as of April 27, 2018, and are subject to change.|
Review of Wright-Patt Credit Union Loans and Financial Services
WPCU has a wide range of financial products and services to meet your needs — from acquiring a Wright-Patt Credit Union student loan to taking out or refinancing a mortgage. Use this review to help you decide if WPCU is the right credit union for your finances.
How to Apply to Be a Member of Wright-Patt Credit Union
A credit union requires its members to meet certain criteria to qualify for membership. Here’s how to meet WPCU’s qualifications:
- Live, work, worship or attend school in a qualifying area
- Have a current qualifying employer
- Have qualifying relatives
- Hold membership in qualifying associations
Once you review WPCU’s qualifications and determine that you’re eligible for membership at a credit union near you, you’ll need to apply. All prospective members must apply for a TrueSaver account because that’s where membership shares are held, but you can apply for additional accounts at the same time. Here’s what you’ll need when filling out an application:
- Valid driver’s license or other state-issued ID
- Social Security number
- Financial information to make your initial deposit into your new account
Wright-Patt Credit Union Products and Services
WPCU has a variety of products and services for your financial needs. Here are the products Wright-Patt Credit Union offers:
- Savings and checking accounts
- Mortgage, construction and home equity loans and lines of credit
- Personal loans
- Auto loans
- Credit cards
- Student loans and college planning
- Retirement planning
- Life insurance
For more information, browse the credit union’s website, utilize WPCU contact information or visit one of the many Wright-Patt credit union locations.
Must-Read: Best Credit Unions for Car Loans
Wright-Patt Credit Union Mobile and Online Banking Services
WPCU offers both online and mobile banking services to make banking more convenient. Manage accounts, transfer funds and pay bills on your computer or with your mobile device. Additionally, you can use your smartphone to deposit checks instantly. Access WPCU mobile banking via the Wright-Patt Credit Union app, which is available for both Android and Apple users.
Advantages and Disadvantages of Wright-Patt Credit Union
To decide whether to apply to be a member of WPCU, it might help to study the pros and cons. Here’s what to consider:
Pros of WPCU
- Highest savings rate on mandatory TrueSaver account
- Visa Platinum low-rate credit card
- Checking account with free online banking
- Lower-to-no-fee ATMs
Cons of WPCU
- Service fees can vary depending on membership tier
- $5 ATM card replacement fee
Is Wright-Patt Credit Union a Good Match for Me?
For people who meet WPCU’s membership qualifications and prefer to bank online, the credit union could be a good match. But if you use a wide variety of services and prefer to bank in person, you might need to look elsewhere to avoid fees.