Members First Community Credit Union Auto Loan Review

Members First Community Credit Union Auto Loan is offered by Members First Community Credit Union, a credit union founded in 1954 and based in Quincy, IL. Members First Community Credit Union Auto Loan is available in 1 state across the USA.

What APR does Members First Community Credit Union Auto Loan offer on its auto loans?

Members First Community Credit Union Auto Loan offers a fixed APR auto loan product that ranges from 2.99% APR up to 4.99% 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 loan term you can get with Members First Community Credit Union Auto Loan?

Members First Community Credit Union Auto Loan has auto loans with a maximum term of 108 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Members First Community Credit Union Auto Loan charge an origination fee?

Yes, Members First Community Credit Union Auto Loan may charge a loan origination fee.

Does Members First Community Credit Union Auto Loan charge a late fee?

Yes, Members First Community Credit Union Auto Loan charges borrowers with a late payment penatly fee

Does Members First Community Credit Union Auto Loan charge prepayment fees?

Yes, Members First Community 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 Members First Community Credit Union Auto Loan loan?

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

What do you need to qualify for Members First Community Credit Union Auto Loan?

Members First Community Credit Union Auto Loan 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 First Community Credit Union Auto Loan does not have or does not disclose a minimum annual income eligibility requirement. Members First Community Credit Union Auto Loan only considers borrowers who are employed.

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 Members First Community Credit Union 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 Members First Community Credit Union Auto Loan. Permanent resident / green card holders are also eligible to apply.

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

• Recent pay stubs
• Proof of income
• Driver's license
• Government issued photo ID
• Proof of identity

Does Members First Community Credit Union Auto Loan report your account activity to credit bureaus?

Yes, Members First Community Credit Union 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.