Electrical Worker’s #22 Federal Credit Union is offering 84-month auto loans. Financing your new vehicle for a maximum of 84 months allows you to spread your payments out over the longer term and reduce the size of your monthly payment. We are also offering used auto loan financing for up to 72 months at reduced rates.
See us for details and see how the Credit Union is making your new auto loan more affordable.
Auto Loans – EFFECTIVE November 16, 2023
[Rates Subject To Change Without Notice. Rates cannot exceed the maximum allowed by law.]
Vehicles with 100,000+ in mileage add 1.00% to rate. Electrical Workers #22 Federal Credit Union does not loan on salvaged titles.
Loan Rates for New & Used Vehicles, 2023-2015 (download loan fee schedule)
Vehicle Rate Schedule - NEW Vehicles
Vehicle Rate Schedule - NEW Vehicles| Model Year | Term | A+ 750 & Up | A 749-720 | B 719-675 | C 674-650 | D 649-600 | E 599 or BELOW |
|---|---|---|---|---|---|---|---|
| 2026-2022 | 48 months 60 months 72 months 84 months | 5.00% 5.25% 5.50% 5.75% | 6.00% 6.25% 6.50% 6.75% | 7.00% 7.25% 7.50% 7.75% | 9.50% 9.75% 10.00% 10.25% | 10.50% 10.75% 11.00% 11.25% | 15.00% 15.25% 15.50% 15.75% |
Vehicle Rate Schedule - USED Vehicles
Vehicle Rate Schedule - USED Vehicles| Model Year | Term | A+ 750 & Up | A 749-720 | B 719-675 | C 674-650 | D 649-600 | E 599 or BELOW |
|---|---|---|---|---|---|---|---|
| 2021-2019 | 48 months 60 months 72 months | 5.25% 5.50% 5.75% | 6.25% 6.50% 6.75% | 7.25% 7.50% 7.75% | 11.00% 11.25% 11.50% | 12.00% 12.25% 12.50% | 16.00% 16.25% 16.50% |
| 2018 & Older | 48 months 60 months | 7.00% 7.50% | 8.00% 8.50% | 9.00% 9.50% | 13.00% 13.25% | 14.00% 14.25% | 17.00% 17.50% |
Vehicle Loan Sample Rates
2026-2022 New VehiclesMembership minimum balance of $25 required.
| Year | APR | Approximate Monthly Payment Per $1,000 | Term | Security |
|---|---|---|---|---|
| New (2026-2022) | As low as 5.00%* | $23.03 | 48 Months | Title/Ins |
| New (2026-2022) | As low as 5.25%* | $18.89 | 60 Months | Title/Ins |
| New (2026-2022) | As low as 5.50%* | $16.34 | 72 Months | Title/Ins |
| New (2026-2022) | As low as 5.75%* | $14.49 | 84 Months | Title/Ins |
| Rates subject to change without notice and with approved credit. Payment Example: On a $40,000.00 new auto loan, 84 month term with 5.75% APR, the monthly payment would be approximately $579.56. *For vehicles with 100,000+ in mileage add 1%. | ||||
Used Vehicle Loan Sample Rates
2021-2019 & Older VehiclesMembership minimum balance of $25 required.
| Year | APR | Approximate Monthly Payment Per $1,000 | Term | Security |
|---|---|---|---|---|
| Used 2021-2019 | As low as 5.25%* | $23.14 | 48 Months | Title/Ins |
| Used 2021-2019 | As low as 5.50%* | $19.10 | 60 Months | Title/Ins |
| Used 2021-2019 | As low as 5.75%* | $16.46 | 72 Months | Title/Ins |
| Used 2018 & Older | As low as 7.00%* | $23.95 | 48 Months | Title/Ins |
| Used 2018 & Older | As low as 7.50%* | $20.04 | 60 Months | Title/Ins |
| Rates subject to change without notice and with approved credit. Payment Example: On a $15,000.00 vehicle loan, 60 month term with 5.50% APR, the monthly payment would be approximately $286.52. *For vehicles with 100,000+ in mileage add 1%. | ||||