Loans

There are three (3) categories of vehicle loans: new vehicles, used vehicles and Antique and Classic Vehicles. Interest rates, repayment terms and collateral value for the above loans will be determined by the age of the vehicle and are governed by the current rate structure set by the Finance and Investment Committee and reviewed periodically. As a general rule, The Credit Union limits maturities to 72 months. However, the repayment period may vary depending on the expected life and salvage value of the vehicle. For example, older used vehicles typically have repayment periods less than 60 months while new vehicles may be financed for as long as 72 months. For further information on our Vehicle Loans, feel free to contact our office and speak with any of our Loan Officers.