342 Main St. West Orange, NJ 07052      Holiday Schedule       (973) 736-1929       info@womfcu.org

Share Rates


Rates accurate as of March 31, 2018. APY stated as Annual Percentage Yield


Share Account Rates

$50.00 minimum balance required for base share account

Balance Rate APY
$0.00 to $5.00 0.00% 0.00%
$50.01 to $2,499.99 0.10% 0.10%
$2,500.00 to $7,499.99 0.10% 0.10%
$7,500.00 to $29,999.99 0.15% 0.15%
$30,000.00 to $99,999.99 0.15% 0.15%
$100,000.00 and over 0.25% 0.25%

Club Account Rates

No minimum balance required

Club Account Type Rate APY
Holiday / Christmas 0.20% 0.20%
Vacation 0.20% 0.20%
Summer Savings 0.20% 0.20%

Time Share Certificate Rates

$1,000 minimum deposit. $500 minimum for accounts for members 18 and younger

Term Rate APY
3 months 0.35% 0.35%
6 months 0.45% 0.45%
9 months 0.50% 0.50%
12 months 1.00% 1.00%
24 months 1.25% 1.25%
36 months 1.50% 1.50%
48 months 1.75% 1.75%
60 months 2.00% 2.00%

All rates are subject to change. Please see our Truth in Savings disclosure for complete information on dividend calculation and payment and other account terms and conditions. Any account fees may reduce earnings on an account. A penalty may be imposed for early withdrawal from a club account or term share certificate. Annual Percentage Yield accurate as of 03/31/2018

Loan Rates

Effective 7/1/2017


Rates are subject to change without notice. APR = Annual Percentage Rate. All loan applications are subject to credit approval and request for additional collateral. Rates and terms will be determined based on credit score and debt/income ratio. Other terms and conditions may apply. Contact the credit union for more information.

Additional Information for auto loans: GAP protection available on all loans for a fee of $200.00. Member must provide original vehicle title or notice of lien with West Orange Municipal FCU listed as lien holder. Collision and comprehensive insurance listing West Orange Municipal FCU as loss payee must be provided and maintained for duration of loan. Maximum deductibles of $1,000.00.




Share Account Rates

APR Amount Term Collateral
As low as 9.00% up to $20,000.00 up to 72 months Signature. Cosigner may be required



Signature Type 31

Can be joint or with guarantor

Credit Score Max Loan Rate Max Term Max DTI*
A+ 751 and up $20,000 7.50% 72 months 55%
A 721 to 750 $20,000 8.00% 72 months 55%
B 681 to 720 $20,000 12.25% 60 months 50%
C 641 to 680 $15,000 15.50% 48 months 50%
D 601 to 640 $10,000 17.50% 36 months 45%
E 581 to 600 $5,000 18.00% 24 months 45%
F 500 to 580* $1,200 18.00% Open end 50%

Can be joint or with guarantor. *DTI = Debt to Income ratio. Effective as of 7/1/2017

*Maximum term changed from 1-6 months. Minimum $500. Maximum $1,00.




Overdraft Line of Credit Type 30

Credit Score Max Loan Rate Max Term Mat DTI*
N/A $1,200 18.00% Open-End 50%

* DTI = Debt to Income Ratio. Effective as of 02/01/2017




Vehicle Loans

Effective as of 02/01/2017. Loan amounts up to $60,000 and can be joint with guarantor. Maximum total per borrower for all auto loan is $75,000. Higher amounts must be Board approved. GAP insurance will be offered to all borrowers but is required on tiers D&E. MRC available to all borrowers. Type 33 – model year 2016-2017, our borrower is original owner, use with original purchase or refi of dealer financing of original purchase. Type 34 – model year 2007-2017, any vehicle where there has been a prior owner

Credit Score Model Year 36 months 48 months 60 months 72 months Max DTI*
A+ 751 and up 2007 - 2017 1.99% 2.24% 2.74% 2.99% 55%
A 721 to 750 2007 - 2017 2.24% 2.49% 2.99% 3.49% 55%
B 681 to 720 2007 - 2017 2.49% 2.74% 3.49% 3.74% 50%
C 641 to 680 2007 - 2017 3.99% 4.49% 4.99% 5.24% 50%
D 601 to 640 2007 - 2017 7.00% 7.75% 8.00% N/A 50%
E 581 to 600 2007 - 2017 10.50% 11.00% 11.50% N/A 45%
F 580 and below 2007 - 2017 13.00% 14.00% 14.50% N/A 45%

Amount Financed for 2015-2017 vehicles will be 100% of purchase order or payoff. Amount Financed for 2007-2014 vehicles will be 100% of clean retail price. Amount Financed will include all taxes and title fees. Amount Financed for F score loans will be determined by Board Review. Debt to Income ratio to be determined by Board. * DTI = Debt to Income Ratio




Visa Platinum Card

APR Amount
As low as 8.99% Credit limits up to $20,000.00

Other terms and conditions apply. Complete disclosure available upon request. All accounts in good standing are enrolled in ScoreCard Rewards and earn one reward point for every net dollar in spending. Secured card program available to establish or reestablish credit. Young Consumer VISA® for borrowers age 17-21 is available with proof of high school or college enrollment and verifiable income. Borrowers from 17-21 without verifiable income may apply with a parent, guardian, or other adult over age 21 who has verifiable income.




Share Secured Loans

APR Amount Term Collateral
3.00% above highest share dividend rate. Minimum rate: 4.90% up to 90% of shares on deposit up to 120 months 125% of amount borrowed. Signature of borrower and account owner (if not borrower) on loan note



Certificate Secured Loans

APR Amount Term Collateral
3.00% above certificate dividend rate. Minimum rate: 6.90% up to 100% of certificate balance up to 120 months 125% of amount borrowed. Signature of borrower and account owner (if not borrower) on loan note



Home Equity Loans - 2nd Position

Term Rates as low as Min Loan Amount Max Loan Amount
5 years (60 months) 3.75% $20,000.00 $100,000.00
10 years (120 months) 4.85% $20,000.00 $100,000.00
15 years (180 months) 5.35% $20,000.00 $100,000.00

Rate 0.25% higher without automatic payment from WOMFCU account.

Maximum Debt / Income Ratio: 45.00%. Maximum LTV (loan to value): 80.00% (calculation includes 1st mortgage plus this loan)


Fees to be paid by member:

Application Fee: $75.00 – Payable when application is submitted, refunded at closing. Appraisal Fee: $0.00 – For NJ, NY, and PA. Other states to be determined. Filing Fee: varies based on state and county where mortgage is being filed. Mortgage Tax: varies based on state where mortgage is being filed. Effective as of 04/01/2017




Home Equity Loans - 1st Position

Term Rates as low as Min Loan Amount Max Loan Amount
5 years (60 months) 3.40% $20,000.00 $150,000.00
10 years (120 months) 4.50% $20,000.00 $150,000.00
15 years (180 months) 5.00% $20,000.00 $150,000.00

Rate 0.25% higher without automatic payment from WOMFCU account.

Maximum Debt / Income Ratio: 45.00%. Maximum LTV (loan to value): 80.00% (calculation includes 1st mortgage plus this loan)


Fees to be paid by member:

Application Fee: $75.00 – Payable when application is submitted, refunded at closing. Appraisal Fee: $0.00 – For NJ, NY, and PA. Other states to be determined. Filing Fee: varies based on state and county where mortgage is being filed. Mortgage Tax: varies based on state where mortgage is being filed. Effective as of 04/01/2017