Credit Union Auto Loans

Credit score is one of several factors OCCU considers when reviewing an auto loan application, along with income, existing debt, and the age of the vehicle being financed. A higher credit score typically qualifies for a lower APR, but members with lower scores may still qualify for financing. Getting pre-approved is the best way to find out what you qualify for before you start shopping. 

Approval times can vary, but many applications are reviewed quickly during normal business hours. Our team works to make the process as simple and efficient as possible. 

You’ll typically need a valid ID, proof of income, employment information, and details about the vehicle you’re purchasing, if available.

Getting pre-approved gives you a better idea of your budget before you start shopping. It can also help streamline the buying process and give you more confidence when visiting a dealership. 

If you’re having trouble making a payment, contact us as soon as possible. Depending on your situation, options like Skip-a-Pay may be available to help give you temporary financial flexibility.

Yes. OCCU offers financing for both new and used vehicles, with competitive rates and flexible loan terms available for qualified borrowers. 

Yes. OCCU offers a First-Time Auto Buyer Program designed to help qualified borrowers purchase their first vehicle with affordable financing options and guidance throughout the process. 

Because credit unions are not-for-profit, member-owned institutions, they're able to return earnings to members in the form of lower rates rather than paying out shareholder profits. As a result, credit unions typically offer lower average auto loan rates than banks. Visit our rate table for OCCU's current auto loan rates by vehicle year 

Yes. If you have an auto loan with another lender, OCCU can help you refinance your auto loan to potentially lower your rate or monthly payment.