Looks like credit unions are stepping up auto finance pricing promos. The latest low-rate program: 1.79% APR for 36 months at Navy Federal Credit Union. For 60-month loans, the rate could be as low as 1.99%.

Navy Federal isn’t alone. Randolph-Brooks Federal Credit Union attributes the growth in its auto portfolio ― past the $1 billion mark ― to a 1.9% APR auto loan promo started in June.

Here are some other recent auto lending programs:

Texell Credit Union: 1.99% on 36-month loans; 100% financing available

HEW Federal Credit Union: 2.10% for 60-month loans, and 2.80% for 61-to-72-month loans

Scott Credit Union: 2.49% APR for loans as long as 63 months

Weokie Credit Union: 3.44% APR on vehicles with model years of 2007 or newer

 

 

Tags: apr, credit-union, interest-rate, pricing

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Replies to This Discussion

Good for them. Lets hope they get the asset/liability funding durations correct.

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