WSU Alumni Association

¹ Financing is subject to BECU membership, credit approval, and other underwriting criteria; not every applicant will qualify. BECU must be able to perfect a first or second mortgage lien on your one-to-four family residence. Borrower will not have to pay any upfront fees to open the HELOC in normal circumstances. Borrower is required to pay for optional services (e.g., if borrower retains an attorney that borrower is not required to use). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorneys' fees and costs necessary to open the HELOC and will perform this responsibility fully by paying all reasonable attorneys' fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Additional state or local mortgage fees or taxes may apply. Borrower will be required to pay for hazard insurance (including flood insurance, if applicable) throughout the term of the HELOC. When the HELOC terminates, Borrower will be required to pay a reconveyance fee ranging from an average of $25 to $225. Loan programs, terms, and conditions are subject to change without notice. BECU will deposit $150 into your BECU savings account 60 days from the date the HELOC originates and may be reported to the IRS on form 1099MISC at year end. You must be a BECU member in good standing at the time of promotion payout to receive the bonus deposit. This offer cannot be used to refinance, in whole or in part, any BECU home equity loan or line of credit. BECU employees are not eligible. Fixed Rate Advances obtained on existing HELOCs are also excluded from this offer. BECU reserves the right to terminate this offer at any time. Offer expires: 3/31/2023.

² During the HELOC draw period, your monthly payment will equal the amount of accrued interest, subject to the lesser of $100 or your outstanding balance. Because the minimum monthly payment during the draw period is interest only, your principal balance may not be reduced. At the end of the draw period, your monthly payment will increase and equal the amount of principal and interest necessary to pay off the loan balance by the end of the 180-month repayment period. Your payments during both the draw and repayment periods will not include amounts due for property taxes and insurance. The APRs for BECU's HELOCs are variable and are based on the highest Prime Rate as published in the Wall Street Journal on the last day of the previous month plus an applicable margin. Current HELOC rates range from 7.74% APR – 10.84% APR as of 1/1/2023 and are subject to change. The maximum APR that can apply to BECU's HELOCs is 18%. APRs do not include costs other than interest.

³ If the title report shows more than one existing lien, judgments, deceased owners, or other title issues, or if the appraisal shows problems with the subject property, then Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such property problems. These third-party charges may range from an average of $150 to $775 based on the specific circumstance. This range of charges does not include estimates for the costs of home repairs. 

⁴ New Member First-Gen Offer: For new BECU members only, age 18 and older. BECU employees are not eligible. Must establish and maintain membership by opening a Member Share savings and also a checking account using promo code FORCOUGS by 12/31/2023, ordering a WSU debit card, and meeting the transaction requirements within 30 days of account opening. To meet the transaction requirements, new members must complete five or more qualifying transactions in a rolling month OR deposit transactions of $500 or more in a rolling month in your new checking account or Member Advantage checking account. Checking transaction, POS withdrawals, international ACH withdrawal, ATM transfer debit, electronic check, ATM withdrawal, check, and external withdrawal are defined as qualifying transactions. External deposit, ATM deposit, ATM transfer credit, new account deposit, and international ACH transaction deposit are defined as qualifying deposits. Accounts must remain open for 90 days or more. BECU reserves the right to terminate this offer at any time. Other terms, limitations, and conditions apply. Cannot be combined with any other offers. Limit one offer per member. Check with BECU for current Annual Percentage Yield (APY) of accounts. The $100 bonus deposit to your Member Share savings account will occur within 120 days of establishing the qualifying accounts if the transaction requirements were met in the first 30 days. Accounts must be in good standing at time of fulfillment to qualify and will be reported to the IRS on form 1099INT at year end as interest income.

⁵ The First-Gen @ WSU Fund will receive the $100 donation for every new primary member who established a Member Share savings and checking account using promo code FORCOUGS by 12/31/2023. A one-time cumulative donation will be made to the First-Gen @ WSU Fund within 120 days following the conclusion of the promotion period. No charitable receipt will be provided.