March 21, 2023

At a glance 4.0 Bankrate Score Availability Affordability Customer Experience Transparency Compare auto loan rates See rates About Consumers Credit Union Loan amount Not specified Credit Good Min. credit score Not specified APR from Starting at 3.49% Funds available in Not specified Pros and cons of Consumers Credit Union auto loans Before signing off on […]

The post Consumers Credit Union: 2022 Auto Loan Review | Bankrate appeared first on Auto Loan News.

Execs and cons of Customers Credit score Union auto loans

Earlier than signing off on an software, imagine the advantages and downsides of a Customers Credit score Union auto mortgage


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    In-person availability

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    TrueCar purchasing carrier

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    Preapproval to be had


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    Undisclosed mortgage quantities

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    Club requirement

Customers Credit score Union (CCU) is a membership-based credit score union that provides new, used and auto refinance loans. Whilst you should be a member, acceptance is just a $5 rate and a deposit of any other $5 or extra to considered one of its financial institution accounts. CCU has many brick-and-mortar institutions around the nation, in conjunction with a web based software procedure the place drivers can each store for and finance their vehicle.  

Execs and cons of LendingClub auto mortgage refinancing

Despite the fact that some mortgage specifics aren’t disclosed, CCU does be offering many reductions and advantages to mortgage holders.  


  • In-person availability. CCU has many branches around the nation.  
  • TrueCar purchasing carrier. The partnered car-purchasing carrier comes with further financial savings and the benefit of a one-stop store. 
  • Preapproved financing. Drivers can lock in anticipated financing numbers the usage of preapproval with CCU.  


  • Undisclosed mortgage quantities. CCU does now not divulge mortgage quantities for brand spanking new, used or refinance loans.  
  • Club necessities. You should be a member of CCU to realize auto mortgage approval.  

Who’s Customers Credit score Union absolute best for?

An auto mortgage with CCU is absolute best for a driving force that prefers to finance in-person reasonably than absolutely on-line. Together with in-person functions, CCU serves the ones having a look to purchase and finance in a single position. The Customers Automotive Purchasing Carrier via TrueCar permits drivers to realize preapproval earlier than heading to the dealership. That is particularly really useful to these with lower than best credit score. The use of it, you’ll be able to have a company seize in your anticipated per month bills earlier than agreeing to the mortgage.

Merely, CCU is excellent for a driving force searching for the advantages {that a} credit score union can deliver, similar to reductions and in-person consideration. It’s additionally excellent for the ones in search of few car restrictions and versatile financing phrases. 

Sorts of auto loans presented

Customers Credit score Union gives auto loans for brand spanking new and used automobiles in conjunction with an auto refinance possibility.  

New and used auto loans  

Financing for a brand new or used car via CCU holds no minimal requirement and can also be performed on-line or in user. If you select to buy throughout the to be had car-purchasing carrier you’ll be able to have the benefit of further financial savings. Prequalification is to be had whether or not you utilize the car-purchasing carrier or now not.   


Refinancing is a good way to economize in your per month cost and stroll away with a greater mortgage. Specifics in regards to the refinance procedure can also be discovered via contacting a mortgage skilled with CCU. 

Rates of interest and phrases

Best charges will likely be presented to well-qualified debtors. As of August 2022, anticipated charges get started at 3.49 p.c for all auto mortgage varieties. Phrases vary from 36 to 84 months.

Easy methods to observe for an auto mortgage with Customers Credit score Union

The mortgage software procedure can also be achieved absolutely on-line, at probably the most CCU branches or over the telephone. The method takes 5 easy steps. 

  1. Publish the appliance. Fill out the appliance both on-line or over the telephone. It is important to supply your SSN in conjunction with fundamental touch knowledge. This step does now not come with a difficult credit score pull. However, following approval, you are going to go through a complete credit score test.  
  2. Speak about main points. You’re going to be contacted via a CCU consultant who will percentage to be had charges and phrases.  
  3. Store on your car. You currently can start your buying groceries with an concept of your anticipated per month bills. The most efficient charges are presented to drivers that make the most of the Customers Automotive Purchasing Carrier.  
  4. Whole documentation. After opting for a car you are going to ship the acquire settlement to CCU by the use of e mail or fax. Then you definitely should log out at the paperwork on-line or at a CCU department.  
  5. Budget supplied to the dealership. In the end, CCU will ship the mortgage test without delay to the broker or you’ll be able to pick out it up your self.  

Auto mortgage necessities

CCU does now not divulge any explicit necessities. The most efficient charges will likely be given to drivers with a powerful credit score historical past, as credit score is used as the main measure for approval with CCU.  

Customer support

CCU gives help to consumers Monday via Friday from 8 a.m. to six p.m. CT and on Saturdays from 8 a.m. to two p.m. CT. Together with lend a hand to be had over the telephone, questions can also be spoke back by the use of safe messaging at the web site.  

How Bankrate charges Customers Credit score Union

Total rating 4.0  
Availability 4.2 Even supposing mortgage quantities aren’t disclosed, CCU gives 3 auto mortgage merchandise in all 50 states.
Affordability 3.8 CCU makes use of conventional acceptance standards and holds a middle-of-the-road minimal APR however does now not divulge its most APR.
Buyer enjoy 4.2 CCU has an easy-to-navigate web site and provides virtually seven days every week of shopper carrier with a variety of hours.
Transparency 4.0 CCU permits debtors to get prequalified and not using a arduous credit score test however doesn’t listing all of its mortgage knowledge on-line.

Editorial disclosure: All critiques are ready via team of workers. Evaluations expressed therein are only the ones of the reviewer and feature now not been reviewed or authorized via any advertiser. The guidelines, together with charges and costs, offered within the evaluation is correct as of the date of the evaluation. Take a look at the knowledge on the most sensible of this web page and the lender’s web site for essentially the most present knowledge.

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The put up Customers Credit score Union: 2022 Auto Mortgage Evaluate | Bankrate gave the impression first on Auto Mortgage Information.

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Creator: Henry Powell