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Insider experts select the best products and services to help you make smarter decisions with your money (here’s how). In some cases, we receive commissions from our partners, but our opinions are our own. Terms apply to offers listed on this page.
Consumer Credit Union Auto Loan
commission
$29 late fee after 10 days
Consumer Credit Union Auto Loan
commission
$29 late fee after 10 days
on the consumer credit union website
detail
commission
$29 late fee after 10 days
pros and cons
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Pros and Cons of Consumer Credit Union Auto Loans
Insider’s Featured Auto Loans
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auto loan
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upstart automatic refinancing
Consumer credit unions are ideal for borrowers with good credit who meet the credit union’s lowest interest rate or who need a joint guarantor for their loan. Credit unions with undefined minimum or maximum loan amounts are also a great option if you’re not sure how much you’ll need.
Borrowers will also pay late fees if payments are more than 10 days late, but avoid origination fees.
Compare consumer credit union car loans
Comparison of consumer credit unions
Editor’s rating
Usual annual rate (APR)
Starting at 4.69% APR
Editor’s rating
Usual annual rate (APR)
Starting at 4.44% APR
Editor’s rating
Usual annual rate (APR)
Only 4.54% new, used and refinanced
All three lenders have comparable interest rates and require membership to receive loans.To become a member of PenFed, open a savings account with a minimum deposit of $5. A borrower who pays her one-time $5 membership fee to the Consumer Cooperative is eligible to join the Consumer Credit Union. The Navy Federation’s only eligible borrowers are active duty or veterans and Department of Defense employees or retirees. Families of the above groups are also eligible.
See how car loans are evaluated »
Frequently Asked Questions
Consumers Credit Union is a Better Business Bureau accredited A+ grade company. BBB is a non-profit organization focused on consumer protection and trust. We evaluate companies on their responsiveness to customer complaints, honesty in their advertising, and transparency in their business practices.
A good BBB grade does not guarantee a good relationship with the credit union. So talk to others who have used it to get more information.
The company has not been involved in the recent controversy. With his top-notch BBB grade and clean history, you can rent from Consumers Credit Union with confidence.
Consumer credit unions may provide loan pre-approval within 20 minutes. Also, usually he will fund the car loan within 48 hours.
If you can make reliable and timely payments, you may be able to improve your credit score with an auto loan from a credit union. Consumer credit unions report payments (or underpayments) to three major credit bureaus.
Consumer credit unions do not have a minimum credit score required for auto loans. Instead, we consider each applicant on a case-by-case basis.
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