Emergency Loan Option for UCLA Faculty and Staff
We know that COVID-19 is creating challenging times for everyone. School and workplace closures, changes in schedules and social isolation are all placing extra burdens on people throughout our community. And that is why, as the Official Banking Partner of UCLA Campus Life and Recreation, Wescom is here to help.
UCLA Faculty and Staff impacted by COVID-19 can now apply for a Wescom Emergency Loan, a form of a Personal Loan, to help with financial hardship experienced during this time.
Wescom Emergency Loan1 Offers
- $2,500 loan for a 36-month term
- $5,000 loan for a 60-month term2
- 0% APR3 for the first 90-days
- A low rate of 5.90% APR thereafter
Wescom Membership with Your Emergency Loan
Wescom is a not-for-profit financial cooperative where our members are our owners. It takes a $1 deposit into a Wescom Savings Account to become a member-owner, so you can start taking advantage of the products and services we offer4. As part of the Emergency Loan application, we'll setup your Wescom Savings Account and make the $1.00 deposit to your account on your behalf. We are also waiving the monthly maintenance fee and extending Platinum Signature Member Benefits – our highest level of rewards – to our UCLA Faculty and Staff members through December 31, 2020.
To get started, click the button below. It will take 10 minutes to complete. Once we receive your application, a Wescom Representative will contact you within one business day with next steps on your loan and account.
Contact us at firstname.lastname@example.org or 1-888-8WESCOM (1-888-893-7266) and a Wescom Representative will be happy to assist you.
1A Wescom Emergency Loan is a closed-end Personal Loan that is repaid in regular payments over a set period of time.
2Your monthly payments on a 60-month term would be $19.29 per $1,000 borrowed. Other terms are also available.
3APR = Annual Percentage Rate. Emergency Loan subject to approval. Other terms apply. Ask for details.
4Anyone who lives, works, worships, or attends school in Southern California is eligible to become a Wescom member. To become a member, a $1 deposit to a Regular Savings Account is required (which Wescom will make on your behalf), and new members must satisfy identification and consumer reporting agency criteria. All accounts and loans are subject to approval. Terms, conditions and restrictions may apply.