Checking and Savings Archives - Wheelhouse Credit Union

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Introductory rates as low as 7.99% APR* for the first 12 months(1). Home Equity Line of Credit. LEARN MORE. Copyright 2024 Wheelhouse Credit Union. Equal Housing Opportunity.

* APR = Annual Percentage Rate.
Rates are effective as of 09/01/2024 and are subject to change without notice. Rates are based on creditworthiness. Introductory rate is fixed for the first 12 months.

¹ Wheelhouse® Credit Union’s primary area of service is Southern California which includes San Diego County. Your home must be owner occupied and located in our service area. Introductory fixed APR is based on a combined loan-to-value (CLTV) and will remain in effect for 12 months from the date the Home Equity Line of Credit (HELOC) Agreement and Disclosure Statement was signed. Thereafter, the introductory APR will revert to a variable APR and will be adjusted on the first day of each billing cycle based on the WSJ Prime Rate + a margin up to 3.00% depending on loan parameters. As of 07/27/2023, the APR ranges from 9.50% – 11.50% APR. The maximum APR that can be applied is 18.00% and the minimum is 3.99%. Maximum credit limit subject to CLTV guidelines. Minimum credit line available is $25,000. You can obtain advances of credit for 10-years (Draw Period); the Draw Period will be followed by a Repayment Period as outlined in your HELOC Agreement. Property insurance is required. All loans are subject to credit approval, income verification, and satisfactory appraisal and collateral. Rates, terms, and fees are subject to change without notice. Please consult a tax advisor regarding the deductibility of interest. Download this PDF guide to learn more about What You Should Know About Home Equity Lines of Credit.
Draw Period: You can obtain advances of credit for 10-years (Draw Period). During the Draw Period, your minimum payment will equal the total of (a) the periodic finance charges, and other fees, charges and costs including without limitation, any other expenses or advances incurred by us under the Security Instrument and (b) accrued but unpaid interest for prior Billing Cycles. The Draw Period will be followed by a Repayment Period as outlined in your HELOC Agreement. During the Repayment Period, if any, your minimum payment will equal the fraction as outlined in your HELOC Agreement of your unpaid Account Balance at the end of the Draw Period, plus all periodic finance charges, and other fees, charges, and costs. All payments will be due monthly. The minimum payments may not be sufficient to fully repay the principal that is outstanding on your HELOC. If they are not, you will be required to pay the entire outstanding balance in a single payment and a balloon payment may result. Your minimum payments will not repay the principal that is outstanding on your line. You will be required to pay the entire outstanding balance in a single payment.

Minimum Payment Example: The information provided is based on an initial $10,000 advance at funding on an existing single-family home used as a primary residence. The assumed credit score is 720 with an assumed CLTV of 75% and a credit limit of $100,000.

During the 10-Year Draw Period
• 12 payments of $66.58 at an initial interest rate of 7.99%.
• 108 payments of $79.16 at a variable interest rate of 9.50%.

During the 20-Year Repayment Period
• 239 payments of $93.27 at a variable interest rate of 9.50%.
• 1 payment of $89.25 at a variable interest rate of 9.50%.

Other terms and conditions may apply. Equal Housing Opportunity. Membership required.

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Checking Accounts

The routing number for Wheelhouse is 322281549. Your Wheelhouse Checking account number is located on your checks or in the Accounts Details tab inside digital banking.

To establish a direct deposit, you will need the routing number for Wheelhouse and your account number. The routing number for Wheelhouse is 322281549 and your account number is located on your checks or in the Account Details tab inside digital banking.

You can do so by contacting us by phone, in person at a branch location or online using the digital banking platform.

Easily order checks through Deluxe Personal Check Reorder. You can order checks online, by phone at 619-297-4835, or by using our mobile banking app.

Preventing fraud is our priority. Please contact us immediately or stop by the nearest branch location.

High Interest Savings Accounts

We have multiple account options to help you earn dividends. Please check the deposit rates page for available options.

Savings Accounts

Your Wheelhouse Membership Number is located on your Membership Card or you can call us at 619-297-4835. If you are enrolled in Digital Banking, the Member Number can be located in the Account Details panel after selecting an account from the Dashboard icon. Click on the “Eye” icon under the Account Name to reveal your Membership Number. Example is 61111110 (Member Number) – 0001 (Account Suffix).

You can designate one savings and one checking account to be linked to a debit card. Those with multiple savings and checking accounts can obtain addition cards to be linked to those accounts.

There are no fees to have a savings account. However, we require that you maintain the $10 membership share balance in the account.

Yes. There are available savings options with Wheelhouse. Please check the deposit rates page for options.

A primary savings a qualification for establishing a membership with Wheelhouse.

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