Rates
Vehicle Loans Investment Rates Lending Rates Fees
Effective as of: September 11th, 2023
| New Vehicle Loans | |
| The Credit Union offers fixed-rate financing for new vehicles for terms up to 84 months. We finance up to 100% of the Manufacturer's Suggested Retail Price ( MSRP) plus purchase related expenses such as tax, title transfer, documentation fee, warranties, etc. | |
| •Must be prior, current or upcoming year model with 10,000 miles or less. | |
| •Members must be at least 18 years of age or older to be eligible for lending services. | |
| •The vehicle title will held as collateral until the loan is repaid and may be paid at anytime without penalty. | |
| Rates 2023 for New Vehicles | |
| 36 Month Term | 5.25% APR |
| 48-60 Month Term | 5.50% to 11.00% APR |
| 72-84 Month Term | 6.25% to 12.00% APR |
| Used Vehicle | |
| The Credit Union offers fixed rate financing for used vehicles. For the purchase of a used vehicle, we will finance up to 100% of the retail price shown in the NADA price guide plus related expenses such as tax, title transfer, documentation fee, and warranties, etc. | |
| •Lending is limited to residents of North Carolina. | |
| •Vehicles with branded (flooded, salvaged or reconstructed) titles or motorcycles, boats and RVs are not acceptable collateral. | |
| •Must have collision and comprehensive insurance protection with a maximum deductible of $1000 for the duration of the loan. | |
| •Members must be 18 years of age or older to be eligible for lending services. | |
| •The vehicle title will be held as collateral until the loan is repaid and may be repaid at anytime without penalty. | |
| Used Vehicle less than 10 years old | |
| 36 Month Term | 5.25% APR |
| 48 Month Term | 5.50%-10.00% APR |
| 60 Month Term | 6.00%-11.00% APR |
| 72 Month Term | 6.25% APR |
| 84 Month Term | 6.50%-12.00% APR |
| Used Vehicle 10 years or older | |
| Up to 60 Month Term | 7.00% to 11.00% APR |
| Classic Cars | |
| Up to 60 Month Term | 6.00% to 10.75% APR |
| New Boats, Campers, RVs, or Motorcycles | |
| Up to 144 Month Term | 5.95% to 11.50% APR |
| Used Boats, Campers, RVs, or Motorcycles | |
| Up to 144 Month Term | 5.95% to 11.50% APR |
Joining is Simple!
An account may be opened by filling out a membership card and producing picture identification and a Social Security Card. Membership Cards are available at each office. The minimum balance required is $5.00. Your family may join as well, which also includes persons living in the same residence.
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