Move Your Auto Loan, Get a 1% Cash Rebate*
Do you have an auto loan at another financial institution? We want to see if you can save more by refinancing it with SCCU. Plus, we’ll give you a 1% cash rebate* when you do. All we need is the contract that you signed. With our rates as low as 2.74%**, we will determine what savings that refinancing will bring!
Easy to See the Savings***
In the table below, you will find an example of a car loan for $20,000 where the bank was charging 4.99%APR. At SCCU, our rate was lower, and when we did the calculations, the monthly payment was less. In addition, the member received a 1% Cash Rebate* which created a savings of $1,340.
|1% Cash Back||$200||$0|
|Savings Over 60 months||$1,340.00|
Contact us for an appointment to review your current auto loan to see if we can save you money with refinancing! Plus, if you want to apply for another type of SCCU loan, switch to a better credit card, or need a personal loan to fit your budget, call us at (920) 499-4711 or (800) 236-0747.
Ready to apply? Click here.
*Cash incentive will be 1.00% of the loan proceeds, up to a maximum of $300 and will be paid at closing. Minimum loan balance is $10,000 and minimum term is 24 months. No cash out. Payment must be transferred from an SCCU Checking account. SCCU’s normal underwriting and processing guidelines apply. Loan must be transferred from another financial institution.
**Annual Percentage Rate.
*** Savings is calculated as 1% cash back of $200 on the $20,000 Vehicle Loan example. Comparison is provided as an example only.
All loans subject to credit approval. Please contact a SCCU representative for more details.
Benefits of having a loan at Schneider Community Credit Union:
- Interest on all loans is calculated on the unpaid monthly balance called “Simple Interest”.
- Convenient pre-approval of loans.
- Payment plans to fit your budget.
- No penalties for early repayment. Pay additional amounts on your loan anytime and you’ll shorten the life of the loan and pay less interest.
- You can make loan payments through payroll deduction, in person, direct deposit, automatic transfers, mail, phone, and online banking at www.schneiderccu.com
- Financial counseling services available.
Loan Related Services
New and newer used vehicles often depreciate quickly and vehicle loans are typically getting longer in terms. There may be a point where you owe more than your vehicle is worth. At that point GAP insurance is a way to protect your auto loan. Many times when a car is declared a “total loss” after being stolen or totaled in an accident or natural disaster GAP will help cancel the difference between the primary insurance settlement and what you may still owe.
Schneider Community Credit Union offers its members Payment Protection credit life and credit disability insurance through American National Insurance Co. Credit life insurance pays the outstanding balance on your loan if you die before the loan is paid off. Credit disability insurance provides funds to help you make your loan payments if you are unable to work because of an illness or accident.
Most members are eligible to apply for credit life and credit disability insurance. Coverage is available for single or joint borrowers, at affordable rates, and premiums are automatically added to your loan payment. Protect yourself and your family from the burden that could result if you die or become disabled. Payment Protection offers the peace of mind that comes from knowing your financial obligations will be met. Visit with our lending department for details on Payment Protection credit life and credit disability insurance.
Vehicle Service Contracts
In addition to offering new, used, and refinanced auto loans, we also offer Extended Vehicle Service Contracts through Vision Warranty Corporation for your auto, truck, or van. Get peace of mind and protection against expensive, unexpected automotive repair costs when you purchase an Extended Vehicle Service Contract.
Buy an Extended Vehicle Service Contract for less than the cost at most dealerships and enjoy:
- Coverage of most major components in the event of a breakdown
- No-hassle Direct Payment: no reimbursement forms
- A one-time premium that may be financed along with your vehicle
Put the brakes on expensive car repairs. A factory warranty may not be enough. Most major repairs occur after the manufacturer’s warranty expires. Consider adding an extended vehicle service contract to your loan. Coverage obtained through the Credit Union may save you money when compared to dealer plans.