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  Members 1st Credit Union FIRST Auto
Members 1st Credit Union FIRST Auto Unaffiliated

Members 1st Credit Union FIRST Auto

Unaffiliated
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Not enough votes for recommendation

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Highlights
Credit Score Range N/A
Loan Amount Up to $20,000
APR Starting at 10.24%
Loan Term (Months) Up to 72 months

Members 1st Credit Union FIRST Auto Review

Members 1st Credit Union FIRST Auto is offered by Members 1st Credit Union, founded in 1936 and based in Redding, CA. Members 1st Credit Union FIRST Auto is available in 1 state across the USA.

Members1st auto loan FAQ

What APR does Members1st auto loan offer on its car loans?

Members1st auto loan offers a car loan product that ranges from 10.24% APR.

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 Members1st auto loan?

Members1st auto loan has car loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.

Does Members1st auto loan charge an origination fee?

Yes, Members1st auto loan may charge a loan origination fee.

Does Members1st auto loan charge a late fee?

Yes, Members1st auto loan charges borrowers with a late payment penatly fee

Does Members1st auto loan charge prepayment fees?

No, Members1st auto loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like Members1st auto loan that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Members1st auto loan loan?

Yes, you can. Members1st auto loan does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for Members 1st Credit Union FIRST Auto?

Members 1st Credit Union FIRST Auto does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Members 1st Credit Union FIRST Auto does not have or does not disclose a minimum annual income eligibility requirement.

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. APRs for the Members 1st Credit Union FIRST Auto product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

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

Does Members 1st Credit Union FIRST Auto report your account activity to credit bureaus?

Yes, Members 1st Credit Union FIRST Auto reports your account activity to the following credit reporting agencies:

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 Members1st auto loan a legit company?

Members1st auto loan was founded in 1936, it is a well-established company that has been in business for 86 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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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 Members 1st Credit Union

Get access to your first vehicle with a competitive rate, flexible repayment terms, and without the need of a cosigner. Designed for members with little or no credit, the FIRST Auto program allows you to acquire your own auto loan without requiring a cosigner or guarantor. Ideal for students and young adults, the FIRST Auto Program helps you build credit, sets you on a path of financial security, and encourages positive money management.

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Application Fee $0
No Prepayment Fee
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
  • Individual Applications
Maximum Mileage 115,000
Maximum Vehicle Age 10
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Vehicle Type Auto
Verification Documents Required
  • Driver License (or other photo ID)
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Proof of Residence
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
Approval Speed 48 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options Automatic Payments
Loan Amount Up to $20,000
APR Starting at 10.24%
Loan Term Up to 72 months

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Members 1st Credit Union Auto Loans

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