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World Savings and Loan

The roots of World Savings and Loan can be traced back to 1912, when it was established in Madera, California as World Savings.  From 1929 through 1963, a series of acquisitions and mergers took place, and in 1975 World Savings merged with Golden West Savings.  At this time, the company had assets of $1.8 billion, and had operations in both California and Colorado.  Additionally, the subsidiaries of these companies (savings and loans) merged, and then had 107 offices in two states.

In 1982, World Savings acquired First S&L Shares, which added 48 branches and $1.3 billion in assets, quickly followed by the acquisition of Bell Savings Banc—allowing World Savings to expand into the Texas market.  In 1990, World Savings and Loan expanded east into New Jersey, with the acquisition of Community Savings and its six offices.  In 1991, World Savings and Loan entered Florida and Arizona, with the acquisitions of Beach Federal and Security Federal Savings, respectively.  From 1998 to 2004, World Savings and Loan opened branches in Illinois, Nevada and New York, continuing to increase its assets and market shares.

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Today, World Savings and Loan continues to grow and prosper, offering attractive lending services and products to consumers, with flexible terms and competitive rates.  If you are a consumer who would like to consolidate—and eliminate—those high-interest credit cards and other debt, World Savings and Loan has lending programs and products tailored to meet your personal and financial needs.  Features and benefits of these programs include:

Mortgage Refinancing
Refinancing for a higher amount than your current loan balance provides extra cash you can use immediately, for things such as consolidation of your high interest credit card and other debt.  The benefits of refinancing include:

  • Only having one loan;
  • Making only one monthly payment;
  • A lower interest rate than most home equity loans.

World Equity Line of Credit

  • Interest rates as low as 7.733% APR;
    Borrow against the equity in your home;
  • Available to current World Savings and Loan customers or anyone whose home is not mortgaged;
  • Interest rates are typically lower than other loans;
  • Interest may be tax deductible (consult your tax advisor);
  • Use only the money you need;
  • Pay interest only on the money you use;
  • Pay down your principal, and reuse your line (up to your credit limit);
  • Funds are available instantly;

Easy access to your funds through the provided personalized checks.

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* Debt Basics is not a lender or broker. We provide information and research on debt help and debt consolidation. Product and service offerings differ by state.