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New Auto, New Boat, New RV and New Motorcycle Apply Now
Loan Calulator
Risk-Based Lending Policy
- Minimum loan amount - $500.00
- Maximum loan amount - $40,000.00
- Minimum term – N/A
- Maximum term – 72 months (minimum $30,000 financed)
- Maximum loan value – 100%
- Valuation method used – Purchase & Sales Agreement
- Documentation and special conditions –
- Title listing the credit union as lienholder
- Purchase & Sales Agreement
- Current insurance listing the credit union as the loss payee
- Owner of vehicle must sign note as such if they are not the borrower
Used Auto, Used Boat, Used RV and Used Motorcycle
- Minimum loan amount - $500.00
- Maximum loan amount - $40,000.00 (but not greater than book value)
- Minimum term – N/A
- Maximum term – 72 months (up to 5 years old), 48 months (6 or 7 years old)
- Maximum loan to value – 100% of book value only
- Valuation method used – book value – National Auto Research “Black Book”
- Documentation and special conditions –
- Title listing the credit union as lienholder
- Purchase & Sales Agreement
- Vehicle valuation
- Current insurance showing the credit union as the loss payee
- Owner of the vehicle must sign note as such if they are not the borrower
Experian FICO 2 scores and accompanying rates are for calculating purposes only; they do not determine loan eligibility.
RISK-BASED AUTO LOAN RATES
(new - 5 years old)
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680 +
(A) |
640 - 679
(B) |
600 - 639
(C) |
550 - 599
(D) |
549 and below
(E) |
| 10%Down |
5.95 |
6.45 |
8.45 |
12.95* |
17.25* |
| No Down |
6.95 |
7.45 |
9.45 |
13.95 |
18.0 |
36 Months
10% Down |
5.75 |
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36 Months
20% Down |
5.50 |
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48 Months
10% Down |
5.80 |
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48 Months
20% Down |
5.55 |
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*20% Equity required to receive this rate.
For term of 72 months, add one percent (1%) to the above rates.
For autos 6 or 7 years old, add one percent (1%) to the above rates.
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