You can enjoy these loan benefits at West Virginia Central Credit Union

Reduced Rates

We offer a quarter percent (.25%) discount on the interest rate for all new loan originations that are paid through members payroll deduction or an active checking (share draft) account.  Mortgage and Home Equity loans do not qualify for this discount.

Simple Interest

Early payments or extra payments reduce the amount of interest paid by reducing the loan balance faster.

Payment Options

We have weekly, bi-weekly, bi-monthly or monthly payment options for payroll deductions and monthly payments for those members that want to make cash payments.  We can also set up your payments to be automatically deducted from your accounts at another financial institution.

Loan payments are set up as cash payments, coupon books, payroll deduction (which is the most common), and monthly transfers from the savings accounts. 

Loan payments made by payroll deduction requires a payment every time there is dated payroll set-up by your pay frequency. If you are off work due to vacation or layoff, it is the member's responsibility to notify the credit union so that payments are still made in the time frame set per the security agreement and no delinquencies occur.