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Personal Loans from Wakota FCU

Wakota Federal Credit Union returns its profits to members through high savings yields and low loans rates.
Wakota FCU offers a personal approach to fulfill your unique needs with simple, affordable, convenient and worry-free loan options.

Apply for your loan today.

  • Online: Apply here.
  • At a Dealer: Get pre-approved before or provide us with the purchase agreement for fast financing.
  • By Phone: Call 651.451.3330
  • In Person

From new or used cars and trucks to boats and snowmobiles, Wakota FCU has the right loan for you. Add great interest rates, prompt turn-around and customized service and you’ll be ready to hit the road (or lake… or snow…) in no time.

  • Cars and Trucks
  • Motorcycles
  • Boats
  • RVs and Travel Trailers (Ice Castles too!)
  • Snowmobiles, Jet Skis and ATVs

Financing terms available up to 84 months on most items to qualified applicants. Your RV, boat, motorcycle, etc., may also be used as collateral for debt consolidation or personal loans.

Life is full of unexpected and anticipated expenses. Wakota FCU unsecured loans can help minimize the stress by offering affordable monthly payments and competitive interest rates.

  • Signature (unsecured)
  • Debt consolidation
  • Terms up to 60 months
This loan is secured by a credit union account. By pledging deposited funds as security, you can borrow money at a lower interest rate while your hard earned savings continue to grow. Your deposited money becomes available as you decrease your loan balance.
Ready Credit Overdraft Protection is a line of credit connected directly to your checking account. Ready Credit automatically transfers funds from the line-of-credit to your checking whenever your transactions exceed your balance. This saves you unnecessary charges and eliminates the need for a small temporary loan. It’s a great safeguard for your money, since you only pay interest on the amount you actually use. You may never need to use it, but it’s nice to know it’s there.
This loan is for travel purposes and usually is unsecured. The rate and term are based on how much you borrow instead of your credit score, however a minimum credit score is required. Click here for details and to apply.
Running a successful business takes hard work and determination. You also need reliable partners. Wakota FCU has teamed with CU Member Business, Inc. to offer a variety of business lending solutions.

Business Loan services include:

  • Commercial real estate
  • Commercial, residential, and business construction
  • Business equipment
  • Business expansion
  • Purchase an existing business
  • Lines and letters of credit

Let CU Member Business, Inc. help your business thrive. For more information on our business lending solutions, call (651) 631-3111.

Rates effective 7/1/2024

Auto Loan Rates

Terms quoted are average terms, up to 84 months is available depending on year of collateral and amount of loan for an increased rate.

Model YearsTermAPR* as low asPayment Example (per $1,000 borrowed)
2018 and Newer36 month term5.74%$30.30
48 month term5.9%$23.48
60 month term6.49%$19.56
72 month term6.74%$16.92
84 month term6.99%$15.09
2017 and Older36 month term7.24%$30.99
48 month term7.49%$24.17
60 month term7.99%$20.27
72 month term8.24%$17.65
84 month term8.49%$15.83

Other Secured Loan Rates

This category includes: Motorcycles, Boats, RVs, Travel Travelers, Snowmobiles, ATVs, and Jet Skis. Terms quoted are average terms, up to 180 months is available depending on year of collateral and amount of loan for an increased rate.

Model YearsTermAPR* as low asPayment Example (per $1,000 borrowed)
2018 and Newer60 month term6.99%$19.80
84 month term7.49%$15.33
120 month term8.24%$12.26
144 month term8.74%$11.23
180 month term9.49%$10.44
2017 and Older60 month term8.49%$20.51
84 month term8.99%$16.08
120 month term9.74%$13.07
144 month term10.24%$12.09
180 month term10.99%$11.36

Unsecured Loan Rates

Terms quoted are average terms, up to 60 months is available for an increased rate.

TermAPR* as low asPayment Example (per $1,000 borrowed)
36 month term11.49%$32.97
48 month term11.74%$26.21
60 month term11.99%$22.24

Shared Secured and Overdraft Protection Rates

TermAPR* as low as
Shared Secured-Up to 60 month term 3.00% fixed APR over the savings rate earned.
Overdraft Protection Line-of-Credit18.00% Variable

* APR = Annual Percentage Rate. Your actual rate may be different depending on your payment and credit history. Some restrictions may apply. Rates are subject to change without notice at any time. New or existing Wakota FCU membership is required. Rates are subject to change based on market conditions. Actual rate is based on factors, including applicant's credit history, term, and Loan-to-Value (LTV). All loans are subject to credit approval. The maximum interest rate for loans is 18% APR and the minimum loan amount for the 84-month loan is $25,000. Not all applicants will qualify for the lowest rate. Other rates and terms available. Subject to credit review. Some restrictions may apply. Federally Insured by NCUA. Equal Housing Lender.

Protect Your Vehicle Investment, Not Just Its Value

In most circumstances, your vehicle is worth a lot less the second you drive it off the lot. Protect the investment made in your vehicle with GAP Advantage.

Guaranteed Asset Protection Advantage, or GAP Advantage, is a voluntary, non-insurance program offered as protection on a new or used vehicle that is financed or leased. It is a supplemental benefit that enhances, rather than replaces, your standard comprehensive, collision, or liability coverage. GAP Advantage waives the difference between your primary insurance carrier’s settlement and the payoff of your loan.1 In other words, it protects the “gap” between your vehicle’s value and the amount you still owe in the case it is damaged beyond repair or stolen and never recovered. GAP Advantage also provides you with a $1,000 credit towards the financing of a replacement vehicle if financed or leased with the same financial institution.

Depending on where you live, the established market value of your vehicle could be less than the actual balance you owe. In the event of a total loss or theft, GAP Advantage waives the difference between your primary insurance carrier insurance settlement and the payoff of your loan or lease, less delinquent payments, late charges, refundable service warranty contracts and other insurance related charges.2 Included in the deficiency balance is the deductible up to $1,000.

NOW with ADR (Auto Deductible Reimbursement)

As a thank you for purchasing GAP, all GAP policies include complimentary Auto Deductible Reimbursement, Personal ID Restoration Consulting and Warranty Registration.

Auto Deductible Reimbursement: pays up to five hundred dollars ($500) per Loss (limit of two losses per year) when a Loss is filed and paid by the auto insurance company for a Covered Auto the Member owns or leases evidenced bu the title or registration, AND insures under an Auto Insurance Policy designating the Member as the Named Insured.

Personal ID Restoration Consulting: you now have the peace of mind of knowing that a professional is standing ready to help restore your good name if identity theft strikes.

Warranty Registration Service: provided a single, central registration service that allows you to take fill advantage of your warranties while you are a member of the Auto Advantage Program.

This summary is a brief overview of the program and is not to be considered a full disclosure of policy terms. Please refer to the Terms and Conditions for complete forms, conditions, limitations, definitions and exclusions. 

Protection against major mechanical expenses with NO DEDUCTIBLE on covered parts and labor…

No matter where you travel in the United States, a Route 66 Warranty protects against major mechanical expenses, and there is NO DEDUCTIBLE on covered parts and labor.

All plans come with Rental Car Allowance and 24 hour/7 days a week Emergency Roadside Service that includes:

  • Towing
  • Flat Tire Assistance
  • Battery Jump Starting
  • Lock-out Service
  • Minor Adjustments

For more information, contact a loan officer at 651-451-3330 or contact Route 66 directly at 1-800-808-0828 or email claims@route66warranty.com.

Protect what matters!

Life is unpredictable. There are a wide range of unexpected events that could leave you and your family scrambling to pay monthly bills. That’s why it is important you take action to safeguard your family against these types of events to ensure loan payments can be made on time. that’s where optional ConsumerSafe Debt Protection comes in.

Under the ConsumerSafe Debt Protection program, your loan balance may be canceled or your monthly loan payments canceled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected – and most importantly- that your family is protected.

Availability and plan options

ConsumerSafe Debt Protection is available for closed-end consumer loans of 120 months or less and open-end consumer credit plans, unsecured lines of credit and, credit cards.

Choose from the plan options listed below:

  • Plan Option 1 included Death, Disability and Involuntary Employment
  • Plan Option 2 includes Death and Disability
  • Plan Option 3 includes Death only

Contact a lender for pricing and further details. 

TruStage® Auto & Home Insurance Program

Designed for credit union members like you, the TruStage® Auto & Home Insurance Program provides affordable top-quality protection. You could enjoy discounted rates combined with online convenience and 24/7 claims service.

Get your free quote online today or call 1-855-589-2146.

TruStage® Auto & Home Insurance Program is made available through TruStage Insurance Agency, LLC and issued by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. Please consult your policy for specific coverage and limitations. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.

© TruStage Insurance Agency


TruStage™ Life and AD&D

TruStage™ Life Insurance Plans

We offer TruStage Life Insurance Policies to help you protect the people who matter most in your life. Underwritten by CMFG Life Insurance Company, these plans are designed to fit your budget and provide excellent coverage.

Learn about this important coverage or call 1-855-612-7909 for more information.

TruStage™ Life Insurance is offered by TruStage Insurance Agency, LLC and issued by CMFG Life Insurance Company. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.


$1000 of TruStage™ Accidental Death and Dismemberment Insurance Coverage Is Yours.

One of the nice benefits of credit union membership is a no-cost TruStage Accidental Death and Dismemberment (AD&D) insurance policy from CMFG Life Insurance Company. AD&D coverage pays you or your loved ones a cash benefit after an accident results in a covered injury or loss of life due to an accident.

You can get $1000 of coverage, paid for by your credit union, and provided by CMFG Life Insurance Company. You can also get up to an additional $300,000 AD&D coverage from CMFG Life at affordable rates.

Sign up for your no-cost or additional protection today.

TruStage™ AD&D Insurance is offered by TruStage Insurance Agency, LLC and underwritten by CMFG Life Insurance Company. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.


Integrity Autosource

Automotive Consulting

Purchasing a new or used vehicle can be a stressful experience but it doesn’t have to be! Wakota FCU is proud to partner with Integrity Autosource in order to offer you, our members, a one-stop resource for car buying.

Make a No-Obligation Appointment

Brett is here to help you find the very best deal on your next NEW or USED vehicle. All makes and models to fit any budget! Integrity also takes trade-ins. Call Brett at 651-426-6411 to start the conversation.

Call Brett at (651) 426-6411 today or visit Integrity Autosource online.

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