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Drive Smart: Auto Loan Advantages with USSFCU

Published: August 14, 2024

Drive Smart: Auto Loan Advantages with USSFCU

 

When considering buying a new or used car, choosing the right lender is crucial. As a member of United States Senate Federal Credit Union (USSFCU), you already have access to one of the best options available for car loans. While national banks might boast more branches and advanced technology, USSFCU members can benefit from unique advantages that make credit union car loans an attractive choice.

Lower Interest Rates

One of the significant benefits of financing your car through USSFCU is the lower interest rates compared to banks and online lenders. As a not-for-profit institution, USSFCU prioritizes member benefits over profit. In late 2023, the average rate for a five-year new car loan from a credit union was 6.39%, compared to 6.90% at banks. This difference can save you hundreds of dollars over the life of the loan, keeping more money in your pocket.

Personalized Service and Community Focus

At USSFCU, we pride ourselves on personalized service and our strong ties to the Alexandria, Virginia community. As a member, you’re not just a number—you’re part of a community. We take the time to understand your individual circumstances, which can be particularly beneficial if you need to negotiate payment terms or require additional support during tough financial times. If you have a lower credit score, you may find more flexibility and understanding here compared to larger financial institutions.

User-Friendly Loan Process

Applying for a car loan with USSFCU is straightforward and convenient. With our online application process and 24/7 phone support, securing a loan has never been easier. Pre-qualifying for a loan can also give you a competitive edge when negotiating with dealerships, helping you secure the best rate without dealer markups.

Exclusive Member Benefits

As a USSFCU member, you benefit from our member-owned structure, which allows us to return profits to you in the form of lower loan rates, higher savings rates, and reduced fees. Our participation in shared branch and ATM networks also provides you with convenient access to your funds nationwide. Additionally, we offer resources and advice to help you make informed financial decisions, emphasizing financial education as a core part of our mission.

Additional Services for a Seamless Car Buying Experience

USSFCU offers more than just competitive car loans. We provide additional services designed to enhance your car-buying experience, including:

  • GAP Insurance: Our GAP PLUS & Auto Deductible Reimbursement package offers comprehensive protection at significant savings compared to dealerships. Learn More

  • Extended Warranty: Enjoy peace of mind with an extended warranty that covers repair costs after your manufacturer’s warranty expires, often at a lower cost than what’s offered at dealerships. Learn More

  • Car Buying Services: Take the hassle out of negotiating with the help of our partnered car buying services, ensuring you get a fair deal on your vehicle. Shop Now

Conclusion

As a USSFCU member, you’re already positioned to take advantage of numerous benefits when financing your next car. From lower interest rates to personalized service and valuable member benefits, we’re here to help you navigate the car-buying process with confidence. If you’re in the market for a car loan, explore the offerings at USSFCU—you may find it’s the best decision you make. To learn more about our auto loans, visit ussfcu.org/auto.

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Members' Voice Testimonials

This credit union is the best, I love the customer service and you can't beat the interest rates. I'm happy to be a member of this great credit union.

- James · Locust Grove, GA

The branch manager introduced herself and was extremely helpful. She stated that if there is anything we ever need to please let her know. Very positive experience!

- Larry · Cumberland, MD

Greta was absolutely amazing - as always. She makes me and my parents feel valued and supported. We are forever grateful. [The Credit Union] has been hugely supportive over many years. And we feel known and cared for.

- Eliza · Washington, DC

Long as I have been with the credit union, I haven't had any problems. I also like the protection on my account.

- Charles · Upper Marlboro, MD

My overall experience at the credit union was exceptional. The staff was hospitable offering water, my service was timely and professional and the office was well lit and clean.

- Denise · Washington, DC

As a member for more than 40 years, i have always had great service from the USSFCU and know that they stand behind their great reputation.

- David · Silver Spring, MD

A top rate Credit Union, [I'm] privileged to be part of! Thank you for all you do for our family! USSFCU Credit Union was able to resolve our financial situation - vehicle, personal loans, customer service/recommendations, within 6 months. We belonged to another credit union for over 20 years, with results not even close to comparison. We switched ...

- Manuel · Bowie, MD

Your people and products are amazing. The recent [online banking] overhaul is phenomenal. [I've] been electronic banking since Tele action phone banking - paying bills with my push button landline decades ago. USSFCU is light years ahead of everyone else in terms of ease of use and client experience!

- Misty · Brookings, OR

I have been a member for more than 30 years. I no longer reside in the DC area but continue to bank with USSFCU because of the ease and the customer service.

- Tamra · Denver, CO

I have been a member for over 50 years, and I have always gotten good service with loans, when I had to have service at a branch, and when I needed to have money sent to me from my savings account. The personnel have always been friendly and treated me with respect.

- John · Fort Washington, MD

I especially appreciate being able to quickly speak with someone (not a robot) and that person has always been knowledgeable and helpful.

- Bernard · Richmond, VA

Excellent customer service streamlined and transparent process. The representatives are efficient, knowledgeable, and understanding of the type of loans offered by Credit Union.

- Erwin · Ellicott City, MD

The USSFCU behaves as a credit union ought to behave. The staff works with and for the members, not for a corporate board. Interest rates for a car loan, a home improvement loan, and a mortgage are low and terms are transparent.

- Ruth · Takoma Park, MD

Staff are courteous and friendly to work with. Very knowledgeable about services and products offered or available. Excellent follow-up with customers.

- Jacquelyn · Sanford, FL

I have appreciated USSFCU services for many years since I left my work on Capitol Hill. I have appreciated the occasional webinars on purchasing a home or retirement planning.

- Jamie · Washington, DC

I have been a member since 2006, and have always appreciated the customer service response to any concern or query. In addition, as I have traveled extensively, USSFCU has provided support and access.

- Kathleen · Ukiah, CA

I've had a credit union account for decades, even though I no longer work on Capitol Hill. I now have two accounts. I've been able to do all of our banking remotely, by app or by phone.

- Richard · Washington, DC

I have been a USSFCU member for almost 20 years. There is nowhere else I want my money to be. I always receive excellent service.

- Nicole · Alexandria, VA

I deeply appreciate the stellar service, the proficiency, the professionalism, and the kindness. I am truly honored and grateful to bank with a financial institution that treats customers like family.

- Angela · Alexandria, VA

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