Consumers Credit Union Auto Loans: 2022 Review, Rates

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Consumer Credit Union Consumer Credit Union Car Loan

Consumer Credit Union Car Loan

Fees:

$29 late payment fee after 10 days

Consumer Credit Union Consumer Credit Union Car Loan

Consumer Credit Union Car Loan

Fees:

$29 late payment fee after 10 days

On the website of the Consumer Credit Union

Fees:

$29 late payment fee after 10 days

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Pros and Cons of Consumer Credit Union Auto Loans

Insider Featured Auto Loans

  • Car loan

  • Upstart Auto Refinance

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A consumer credit union is best for borrowers with excellent credit who qualify for the credit union’s lowest interest rate or for borrowers who need a cosigner for their loan. If you’re not sure how much money you need, a credit union is also a great option because it doesn’t have a set minimum or maximum loan amount.

Borrowers will also avoid an origination fee, although they will pay a late fee if they fall more than 10 days behind on their payments.

How Consumer Credit Union Auto Loans Compare

How does Consumer Credit Union compare?

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Editor’s note

3.5/5

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Annual Percentage Rate (APR)

Starting at 4.69% APR

Editor’s note

4/5

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Annual Percentage Rate (APR)

Starts at 4.44% APR

Editor’s note

4.5/5

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Five-pointed star

Annual Percentage Rate (APR)

New, Used, Refinance up to 4.54%

All three lenders have comparable interest rates and require membership to qualify for a loan. You can become a member of PenFed by opening a savings account with a minimum deposit of $5. Borrowers who pay a one-time $5 membership fee to the Consumers’ Cooperative Association qualify for membership in the Consumers’ Credit Union. The only eligible borrowers for federal marine service are active duty military or veterans, and Department of Defense employees or retirees. Family members of any of the above groups are also eligible.

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View our auto loan rating methodology »

Frequently asked questions

The Consumer Credit Union is an accredited business with an A+ rating from the Better Business Bureau. The BBB is a non-profit organization focused on consumer protection and trust. It evaluates companies by looking at their response to customer complaints, truthfulness of advertising and transparency about business practices.

A great BBB rating doesn’t guarantee you’ll have 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 any recent controversies. Between its superior BBB rating and clean history, you can feel comfortable borrowing from Consumer Credit Union.

A consumer credit union can offer pre-approval for its loans in as little as 20 minutes. It also typically funds auto loans within 48 hours.

If you make reliable, on-time payments, you can improve your credit score with a credit union auto loan. A consumer credit union will report your payments (or lack thereof) to the three major credit bureaus.

Consumer Credit Union does not have a minimum credit score requirement for its auto loans. Instead, it considers each applicant on a case-by-case basis.

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