FICO
Fair Isaac Corporation is the largest and best known of several companies that provide software for calculating a person’s credit score.
Jargon Hacks
We keep it simple. Keep calm, read on.
Fixed Rate
A fixed interest rate loan is a loan where the interest rate doesn’t fluctuate during the fixed rate period of the loan. This allows the borrower to accurately predict their future payments. Variable rate loans, by contrast, are anchored to the...
Fraud
Fraud occurs when a transaction is attempted on an account that you have not authorized. This can happen as a result of your card details either being compromised or having been lost or stolen.
HSA
A Health Savings Account (HSA) is a tax-advantaged account created for individuals to save for medical expenses.
Interest Rate
The percentage rate used to calculate interest on all money saved or borrowed.
IRA
An Individual Retirement Account (IRA) is a savings or certificate account designed for building retirement savings.
Mobile Banking
Members can do their banking online 24/7 through our Mobile App on their smartphone. The app can be downloaded from the iTunes or Google Play store.
Mobile Deposit
It’s easy to deposit a check using the WECU Mobile App. Photos of the check and the dollar amount are transmitted to us and you’ll receive up to $200 in immediate credit.
Money Order
A money order is a printed order for payment of a specified amount, issued by the Credit Union.
Online Banking
Members can do their banking online 24/7 through Online Banking. Registration is easy and the services offers many conveniences.
Overdraft (OD)
An overdraft is a deficiency in an account caused by withdrawing more money than the account has available.
Overdraft Fee
An overdraft fee is assessed when you withdraw more money than you have available in your account.
Looking for one-on-one guidance?
WECU members have access to free, high-quality financial counseling and education through Money Management International (MMI). Programs include Budget and Debt Counseling, Credit Report Review, Student Loan Coaching, Pre-Purchase Housing Counseling, and Foreclosure Prevention.
Get Started Today