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Kellogg Community Credit Union
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5 Reasons Credit Unions Offer the Best Auto Loans2/4/2021

Credit Unions Offer the Best Auto Loans

Save money on your car purchase

The average cost of a new vehicle today is around $37,000.

The purchase of a car will likely be the second largest expenditure you have, second only to the purchase of a home. Whether you desire the shiny, brand new car, or if you are content with finding a reliable used one, we want to help you to get the most for your money.

why get an auto loan from KCCU

Here are five reasons it makes more sense to get your loan through KCCU.

Better chance of approval

 With KCCU, you have a better chance of getting your loan approved. Even though the loan application process is the same and the underwriting process is similar, the credit union may make some adjustments that a bank would not. We listen to our members’ needs and unique situations.

Lower rates

A five-year term is the most common loan term for a new or used car, KCCU offers extended terms to help keep your payment low! Plus, rates at a credit union are typically much lower than the average rate at a bank. The savings in interest alone is a major reason to consider financing with KCCU. Just think of what you can do with the money you save.

Personalized service

Credit unions are non-profit organizations and work to provide members with high-quality customer service. Since we are locally owned and operated all decisions are made right here in your neighborhood at KCCU.  You can openly discuss your loan, talk about flexible repayment options, and review your financial situation with a lending specialist. This can alleviate some of the pressure of applying and securing financing for your vehicle and you can be more confident that the credit union is working with your best interest in mind.

Extra resources & guidance

We offer educational resources and guidance. We can provide information such as financing options and how to make the best decisions when assessing the value of your car purchase. If you’re a first-time car buyer and apprehensive about the loan process, you can turn to KCCU for unbiased answers.

Non-sales approach

We offer a non-sales approach. Unlike commercial banks, which often give their lenders bonuses or some type of compensation for the loans they get approved, credit unions, as not-for-profit financial institutions, work for their members and do not try to sell you something you don’t need.


We are also happy to get you pre-qualified before you shop so you know exactly what your monthly payments will be. At KCCU, we are always happy to help!

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