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    Western States Regional Federal Credit Union
    Working for Working Families Since 1954

    What is a credit union?

    A credit union is a not-for-profit financial institution owned and operated by its members.  Credit Unions provide their members with a safe and sound institution to save and borrow at reasonable and affordable rates.  A volunteer board elected by members manages each credit union.  Credit unions exist to serve their member-owners and are often able to offer favorable rates on savings and loans.


    Who can Join?

    To join a credit union, you must be eligible for membership.  Members of each credit union share a "common bond" such as being employed by the same employer, belonging to an organization or church in this case being a member of Western States Regional Joint Board.

    Applications for membership can be made by completing the new account card (yellow form), proof of identity, paying the entrance fee of $1.00 and depositing $5.00 in your shares account.  After three months you need to have a total of $60.00 to keep your account open. You may save as little or as much as you wish.

    Share withdrawals can be done twice a week only, on Tuesdays and Thursdays but limited to two withdrawals a month.  If more than two withdrawals are made, the credit union has the right to charge a service fee.


    Is my money safe?

    Federal credit unions are chartered, regulated and insured by the National Credit Union Administration (NCUA).  Through NCUA's National Credit Union Share Insurance Fund (NCUSIF), federal credit union member accounts are insured up to $100,000.  NCUA also insures most state-chartered credit union accounts.


    What services do credit unions offer?

    Our credit union offers the following services:


    Savings Account (Shares)

    Automatic Check-off from your payroll


    Dental Health Plan


    Loans Guidelines

    New Cars:

    • 100% finance of purchase price including tax, title, and licence. 
    • Interest rates 4%, 7%, 9% and 12% - depending on credit report
    • Maximum Term is 72 months
    • Maximun Dollar Amount is $35,000.00
    • A Credit Report is required
    • Must be a Credit Union Member for at least 3 months


    Used Cars:

    • 85% or 100% finance of purchase price including tax, title and licence. Financing is based on the value of the vehicle in the blue book
    • Interest rates 6%, 9% and 12%, depending on credit report
    • Maximum Term is 48 months
    • Maximun Dollar Amount is $20,000.00
    • Vehicles must be 5 years or less old
    • A Credit Report is required


    Unsecured Loans:

    • Unsecured Loans 10% or 20% is required as collateral
    • Interest rates depending on Credit Reportstarting from 8%, 9.5%, 10% or 15%
    • Maximum Term is 36 months
    • Maximum Dollar Amount is $10,000.00 or $5,000.00 depending on credit report.
    • Must be a Credit Union Member for 3 months. 


    Shared Secured (100%):

    Interest rate is 4%.

    Maximum Term is open

    Maximum Dollar amount has no limit.


    Special Loans:

    Loans other than mentioned above, approval of the Board of Directors is required.


    Available shares will be applied against the deficiency if the loan is delinquent over 60 days.



    For more information please call


    Elizabeth Santana

     Credit Union Dept. at


    (213) 385-0271 Ext 33