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Consumers CU Auto Loan
in Auto Loans from Consumers Credit Union
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Consumers CU Auto Loan

Claimed
in Auto Loans from Consumers Credit Union
SuperMoney Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

8 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Credit Score Range 640 - 840
Loan Amount $5,000 - $150,000
APR  (Fixed APR) 3.49% - 4.59%
(Verified 09/09/2022)
Loan Term (Months) 6 - 84 months
Number of Reviews 8

Consumers CU Auto Loan Review

Consumers CU Auto Loan is offered by Consumers Credit Union, a credit union founded in 1930 and based in Waukegan, IL. Consumers CU Auto Loan is available in 50 states (and Washington, DC).

Consumers Credit Union auto loan FAQ

How much can you borrow via Consumers Credit Union auto loan?

Consumers Credit Union auto loan loan amounts start at $5,000 and go up to $150,000.

What APR does Consumers Credit Union auto loan offer on its car loans?

Consumers Credit Union auto loan offers a fixed apr car loan product that ranges from 3.49% APR up to 4.59% APR. Rate is quoted with autopay discount*.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Consumers Credit Union auto loan?

Consumers Credit Union auto loan has car loans with terms ranging from 6 to 84 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Consumers Credit Union auto loan charge an origination fee?

Yes, Consumers Credit Union auto loan may charge a loan origination fee.

Does Consumers Credit Union auto loan charge a late fee?

Yes, Consumers Credit Union auto loan charges borrowers with a late payment penatly fee of up to $29, which is triggered if you're 10 days late.

Does Consumers Credit Union auto loan charge prepayment fees?

Yes, Consumers Credit Union auto loan does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Consumers Credit Union auto loan loan?

Yes, you can. However, Consumers Credit Union auto loan charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What do you need to qualify for Consumers CU Auto Loan?

Applicants with a credit score of at least 640 and up to 840 may be eligible for Consumers CU Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for auto loans with Consumers CU Auto Loan, applicants need a minimum annual income of $6,000 or higher. Consumers CU Auto Loan only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Consumers CU Auto Loan. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Consumers CU Auto Loan. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Proof of insurance
  • Driver's license
  • Government issued photo ID
  • Proof of identity

Does Consumers CU Auto Loan report your account activity to credit bureaus?

Yes, Consumers CU Auto Loan reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Is Consumers Credit Union a legit company?

Consumers Credit Union was founded in 1930, it is a well-established company that has been in business for 92 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Consumers Credit Union

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Late Fee Amount $29
Late Fee Grace Period 10 days
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Maximum Mileage 300,000
Maximum Vehicle Age 40
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Annual Income $6,000
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Income
  • Proof of Identity
  • Proof of Insurance
  • Government Issued Photo ID
  • Social Security Number
Credit Score Range 640 - 840
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options
  • Automatic Payments
  • Check by mail
  • Storefront
  • Cash
  • Bank Transfer
Loan Amount $5,000 - $150,000
APR (Fixed APR) 3.49% - 4.59%
(Verified 09/09/2022)
Loan Term 6 - 84 months

Consumers CU Auto Loan Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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