Open navigation Main Menu Mortgages
Refinancing an existing loan Find the best lender Additional Information
Looking for a financial advisor? Try our three minute test and then match up with an advisor today.
Main Menu Banking
Compare Accounts Use calculators Get help from bank reviews
Looking for a financial advisor? Try our three minute test and then match up to an adviser today.
Main Menu Credit cards
Compare by category Compare using credit Compare with issuers Get advice
You’re looking for the ideal credit card? Find it with CardMatch(tm)
Main Menu Loans
Personal Auto Loans and Loans for Students Loan calculators
Find the perfect personal loan within 2 minutes or less. You can also answer a few questions to receive offers with no impact on the credit rating.
Main Menu Investing
The Best Brokerage and robo-advisors . Learn the basics Additional resources
Looking for a financial advisor? Try our three minute test and connect to an adviser today.
Main Menu Home equity
Find the most competitive rates Lender reviews. Use calculators. Knowledge base
Looking for a financial advisor? Take our 3 minute quiz and connect to an adviser today.
Main Menu Real estate
Selling a home Buying homes Finding the right agent Additional resources
Looking for a financial advisor? Take our 3 minute quiz and connect with an advisor today.
Main Menu Insurance
Car Insurance Homeowners insurance Other insurance reviews of the company
Looking for a financial advisor? Try our three minute test and connect to an adviser today.
Main Menu Retirement
Retirement accounts and retirement plans Get the basics of retirement calculators Other Resources
Looking for a financial advisor? Try our three minute test and match the advisor you want today.
Open search Close search
Submit
Consumers Credit Union
Consumers Credit Union: 2023 Auto loan review Published 2023-01-01 00:00:00
Writen by Rebecca Betterton Written by Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers with the ins and outs of securely taking out loans to purchase the car they want.
Edited by Rhys Subitch Edited by Auto loans editor
Rhys has been editing and writing for Bankrate since the end of 2021. They are passionate about helping readers gain confidence to control their finances by providing clear, well-researched information that breaks down complicated subjects into bite-sized pieces.
Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make better financial choices by providing you with interactive tools and financial calculators, publishing original and objective content. We also allow you to conduct your own research and compare data for free and help you make financial decisions with confidence. Bankrate has agreements with issuers including, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money The deals that are displayed on this website are provided by companies that pay us. This compensation can affect the way and where products are displayed on this website, for example such things as the order in which they may appear within the listing categories in the event that they are not permitted by law. This applies to our mortgage, home equity and other products for home loans. This compensation, however, does not influence the information we provide, or the reviews you see on this site. We do not cover the universe of companies or financial offers that may be available to you.
About our reviews Editorial disclosure Reviewers are supervised by staff. The opinions expressed are solely the opinions of the reviewer and have not been reviewed nor approved by any advertiser. The information, including rates and fees, presented in the review is correct up to the date of the review. Look over the information at the top of this page and the lender’s website to find the most up-to-date details.
A glance 4.1 Score: 4.1 stars out of five
Bankrate Score
Rating of Availability: 4.5 stars out of 5
The Affordability Score: 3.8 stars out of 5
Customer Experience Rating: 4.2 five stars of five
Transparency Rating: 4 stars out of 5
Compare rates for auto loan rates
Information about Consumers Credit Union Loan amount Unknown
Min. credit score not specified
APR that starts at 5.24%
Funds available in Unspecified
Pros and cons of Consumers Credit Union auto loans Before you sign off on an application, think about the benefits and drawbacks associated with a Consumers Credit Union auto loan.
PROS In-person availability
TrueCar is a buying service for TrueCar
Preapproval available
CONS Undisclosed loan amounts
Membership requirement
Consumers Credit Union (CCU) is a credit union based on membership that offers new, used or auto refinance loans. If you are an existing member, you can be accepted for just a $5 cost and a deposit of $5 or more to the bank account of one. CCU has many brick-and-mortar establishments throughout the United States, along with an online application procedure where drivers can both purchase and finance their vehicle.
Do you qualify? CCU doesn’t provide any specific requirements. However, the highest rates are usually offered to drivers with a strong credit history, as credit score is the primary factor for approval with CCU. We like what we see and what we do not like Although some loan particulars aren’t made public, CCU does offer many benefits and discounts for loan holders. We like the convenience of in-person access. CCU has numerous branches throughout the United States. TrueCar buying service. The partnered car-buying service helps you access additional savings. Plus, you can find the ideal vehicle and secured financing all at one time. Preapproved financing. Drivers can access the online tool for preapproval to check financing figures without impacting the credit score of their clients. We don’t like unreported loan amounts. CCU does not disclose loan amounts for new, used and refinance loans. Membership requirements. You must be a member of CCU to be eligible for the auto loan approval. Contact details Consumers Credit Union CCU offers assistance to its customers every day between 8 a.m. until 6:30 p.m. CT and on Saturdays between 8 a.m. until 2 p.m. CT. In addition to assistance available via the phone, queries can be addressed via secure messaging on the site.
Auto loan types offered Consumers Credit Union offers auto loans for both used and new automobiles, as well as the option of refinancing your auto. Used and new purchase loan
Quick facts about loans Terms: 36 to 84 months APR: Beginning at 4.94%
Financing for a new or used car through CCU has no minimum requirements and can be completed online as well as in-person. If you choose to browse the available vehicle buying service, you will enjoy additional savings. Prequalification is possible regardless of whether you decide to make use of the car buying service.
Refinance
Loan quick facts Terms include: 36 to 84 months APR: Beginning at 4.94 percent
Refinancing is a great method to reduce your monthly payments and walk away with a better loan. Or you can opt for a shorter loan term than you currently need to pay the outstanding balance more quickly. Details regarding refinancing are available by contact an loan professional with CCU. How to apply for an loan with Consumers Credit Union The loan application procedure can be completed entirely online, either at any or more CCU branches or over the phone. The process involves just five steps.
Steps to apply Submit the application. Fill out the application either via the internet or over the phone. It is required to provide your SSN along with basic information about your contact. This is not the pulling of a credit report. After approval you will go through an entire credit report. Discuss details. You will be contacted by a CCU rep who’ll share rates and conditions. Find the perfect car. Now is the time to begin your search with an idea of the monthly payment you’ll be making. The best rates are provided to customers who utilize the Consumers Car Buying Service. If you’re looking to refinance, you’ll be required to disclose information regarding the current loan. Complete documentation. Once you’ve decided to purchase a car, you’ll need to send the purchase agreement to CCU by email or via fax. Then you must sign off on the documents online or at an CCU branch. The dealership will receive the funds. In the end, CCU will send the loan check directly to the dealer or you may pick it up yourself.
Information required for application: Application information: Name, Social Security number, birthdate and Social Security number Address Email address and telephone number Employment information Information on income
Consumers Credit Union FAQs
Does Consumer Credit Union offer a rate discount if you enroll in autopay? Yes. The auto loan borrowers get the benefit of a 0.25 percent rate cut to make their auto loan more affordable.
Does Consumer Credit Union offer extended warranties and guarantee asset protection (GAP)? Consumer Credit Union does not provide extended warranties, however it is partnered with ForeverCar to offer low-cost repair services for those who borrow. However, the borrowers are able to purchase GAP coverage directly through The credit union the time of purchase.
What is the procedure? Bankrate rates Consumers Credit Union
Overall score
4.1
Accessibility
4.5
While loan amount are not publicly made public, CCU offers three auto loan products that are available in all 50 states.
Affordability
3.8
CCU uses traditional acceptance criteria and has an average minimum APR, but doesn’t disclose it’s maximum rate.
Customer experience
4.2
CCU offers a user-friendly website that provides seven days a week of customer service that is available in a variety of hours.
Transparency
4
CCU allows borrowers to get prequalified without a hard credit check however it doesn’t publish all of its loan information online.
Methodology Bankrate considers 18 data points when rating auto loan lenders. Acceptance criteria, fees and rates are available and the range of APR all impact lender scores. The scores are divided into four categories. Accessibility : Loan amounts and repayment options, dealership requirements and state availability all make up this category. Affordability: This section contains APR ranges and acceptance criteria, along with fees and discounts. Customer experience: How long you’re required to spend shopping, customer service accessibility, and whether there’s an app or autopay available are accounted for within this category. Transparency: This category accounts for the availability of fees and rates as well as whether or not prequalification is offered.
Disclosure of author Reviewers are supervised by Bankrate.com staff. Opinions expressed therein are solely the opinions of the reviewer and are not checked or approved by any advertising company. The information, including rates and fees that are included in the review is accurate up to the date that the review was written. Check the data on the right and the lender’s site for the most up-to-date details.
Written by
Rebecca Betterton
Auto Loans Reporter
Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers in navigating the ins and outs of securely using loans to buy the car they want.
Edited by Rhys Subitch Edited by Auto loans editor
Rhys has been writing and editing for Bankrate since late 2021. They are passionate about helping readers feel confident to control their finances through providing concise, well-studied information that breaks down otherwise complex topics into manageable bites.
Auto loans editor
About
Help
Legal Cookie settings Don’t sell my info
How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for the placement of sponsored products and services, or when you click on certain hyperlinks on our website. Therefore, this compensation may impact how, where and when the products are listed within categories, except where it is prohibited by law for our mortgage or home equity products, as well as other home loan products. Other elements, like our own website rules and whether or not a product is offered in your region or within your personal credit score can also impact how and where products appear on this website. We strive to offer an array of offers, Bankrate does not include details about every financial or credit product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |
|
(c) 2023 Bankrate, LLC. A Red Ventures company. All Rights Reserved.
If you have any thoughts relating to where by and how to use payday loans online same day deposit ohio (https://financeportalasf.site), you can get in touch with us at the internet site.