Getting Your Auto Loan Through a Credit Union: Still Better Than a Bank

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Credit Unions have always had a superior reputation for auto loans over the go-to bank loan. The problem has always been availability. People could only join a credit union through their work, etc. But now, the rising popularity of credit unions has pushed the industry to spread their wings and offer many more people the opportunity to join, and therefore receive that all-important benefit of auto loan service. That being said, now that more and more people have the option of joining a credit union, we need to examine the real pros of getting your auto loan with one. According to Bankrate.com, there are five distinct pros to using a credit union instead of traditional bank financing.

Pro #1:Credit unions provide excellent service. Due to the fact they have fewer tag-on programs and money-making ventures their trying to push, they are able to concentrate on you, the customer much more effectively.


Pro #2:Their rates are generally lower than banks. This is a no-brainer. Yes, they are susceptible to federal and state regulations regulating rates, just like banks, but are still trending lower overall.


Pro #3:Credit unions typically have fewer “strings attached.” Bankrate.com reports in a 2016 survey, 76% of the credit unions surveyed had no “minimum balance” requirements for their accounts.


Pro #4:Credit unions charge fewer fees than their banking counterparts. Because they are not under the big banking umbrella, they have more flexibility in the fees they charge, making this feature competitive, which is a win for you! Bankrate.com reports that credit union customers nationwide saved over $8.5 billion during the year ending September 2015. That’s a huge number!


Pro #5:Credit unions have shared ATMs and branches. The early problem with credit unions was availability. However, in the last few years, credit unions have partnered with each other to offer free ATM use across the country. Banks usually charge a fee when using an ATM of another bank. You do the math. It just seems nicer.


So, how do you get into a credit union in your area? For starters, the Credit Union National Association, or CUNA, will help you find one closest to you.


We’ve compiled a partial list for our neighbors here in Southern California. Take a look and see if any of these credit unions will work for you! Good luck!


Aliso Viejo  Capstone Federal Credit Union
Anaheim Credit Union of Southern California
Arcadia Foothill Federal Credit Union
Bakersfield Bakersfield City Employees Federal Credit Union, Espeeco Federal Credit Union, Kern Federal Credit Union, Kern Schools Federal Credit Union, Safe 1 Credit Union
Barstow Barstow Community Credit Union
Brea Evangelical Christian Credit Union
Buena Park California Agribusiness Credit Union
Burbank Burbank City Federal Credit Union, Logix Federal Credit Union, Media City Community Credit Union, Partners Federal Credit Union, SAG-AFTRA Federal Credit Union, Technicolor Federal Credit Union, UMe Federal Credit Union, Universal City Studios Credit Union
Canoga Park Canoga Postal Federal Credit Union
Carson Harbor Federal Credit Union
Cerritos Auto Club Federal Credit Union, POPA Federal Credit Union
Chatsworth Matadors Community Credit Union, Premier America Credit Union
Chula Vista Chula Vista City Employees Federal Credit Union
Colton Colton Federal Credit Union
Compton Mid-Cities Financial Credit Union
Culver City Culver City Employees Federal Credit Union
Diamond Bar Pacific Federal Credit Union, Prospectors Federal Credit Union
Downey Downey Federal Credit Union, Financial Partners Credit Union, Rancho Federal Credit Union
El Cajon East County Schools Federal Credit Union, Employees Choice Federal Credit Union, Inland Federal Credit Union
El Centro First Imperial Credit Union, Sun Community Federal Credit Union
El Monte El Monte Community Credit Union, Vons Employees Federal Credit Union
El Segundo Aerospace Federal Credit Union, Mattel Federal Credit Union, Xceed Financial Federal Credit Union
Escondido Escondido Federal Credit Union
Fontana Fontana Federal Credit Union, Inland Valley Federal Credit Union
Fountain Valley Fountain Valley Credit Union
Fullerton Pacific Community Credit Union
Gardena Nikkei Credit Union, Northrop Grumman Federal Credit Union, PacTrans Federal Credit Union
Glendale Airco Federal Credit Union, California Adventist Federal Credit Union, California Credit Union, Clearpath Federal Credit Union, Glendale Area Schools Credit Union, Glendale Federal Credit Union, Los Angeles Federal Credit Union
Glendora Americas Christian Credit Union
Hawthorne SkyOne Federal Credit Union
Hollywood First Entertainment Credit Union, Musicians Interguild Credit Union
Huntington Beach Huntington Beach City Employees Credit Union, NuVision Federal Credit Union
Irwindale SCE Federal Credit Union
La Canada Flintridge Caltech Employees Federal Credit Union
La Habra American First Credit Union
Laguna Niguel FedOne Federal Credit Union
Lake Forest Eagle Community Credit Union
Loma Linda La Loma Federal Credit Union
Long Beach Allied Healthcare Federal Credit Union, Long Beach Firemens Credit Union, PostCity Financial Credit Union, VA Desert Pacific Federal Credit Union
Los Alamitos Southland Credit Union, Union Pacific California Employees Federal Credit Union
Los Angeles 20th Century Fox Federal Credit Union, Cal State LA Federal Credit Union, California Bear Credit Union, Cedars-Sinai Federal Credit Union, Daijo Federal Credit Union, Episcopal Community Federal Credit Union, Farmers Insurance Group Federal Credit Union, Federal Employees West Federal Credit Union, Firefighters First Federal Credit Union, First City Credit Union, Hanin Federal Credit Union, Jacom Credit Union, LA Healthcare Federal Credit Union, Los Angeles Lee Federal Credit Union, Maryknoll of Los Angeles Federal Credit Union, MWD Federal Credit Union, Peoples Independent Church Federal Credit Union, Polam Federal Credit Union, University Credit Union, USC Credit Union, Water And Power Community Credit Union, Western States Regional Federal Credit Union, Zion Hill Baptist Church Federal Credit Union
Manhattan Beach Kinecta Federal Credit Union
Mission Hills American Federal Credit Union
Monrovia Monrovia City Employees Federal Credit Union
Montclair United Methodist Federal Credit Union
Monterey Park F&A Federal Credit Union
Norco Novo Federal Credit Union
Oceanside Pacific Marine Credit Union

Ontario Ontario Montclair Schools Federal Credit Union, Ontario Public Employees Federal Credit Union, UPS Employees Federal Credit Union
Orange Union Yes Federal Credit Union
Oxnard CBC Federal Credit Union
Panorama City United America West Federal Credit Union
Pasadena E-Central Credit Union, LA Electrical Workers Credit Union, LA Financial Federal Credit Union, Parsons Federal Credit Union, Pasadena Federal Credit Union, Pasadena Service Federal Credit Union, Wescom Credit Union
Pomona Cal Poly Federal Credit Union, Pomona Postal Federal Credit Union, PVHMC Federal Credit Union
Porter Ranch San Fernando Valley Japanese Credit Union
Redlands Alta Vista Credit Union, Redlands City Employees Federal Credit Union
Redondo Beach South Bay Credit Union
Riverside Altura Credit Union, Bourns Employees Federal Credit Union, Printing Industries Credit Union
San Bernardino 1st Valley Credit Union, Arrowhead Credit Union, Thinkwise Credit Union, Valley Hills Federal Credit Union
San Diego Cabrillo Credit Union, California Coast Credit Union, Miramar Federal Credit Union, Mission Federal Credit Union, North County Credit Union, North Island Financial Credit Union, Point Loma Credit Union, San Diego County Credit Union, San Diego Firefighters Federal Credit Union, San Diego Metropolitan Credit Union, University & State Employees Credit Union
San Dimas Christian Community Credit Union
San Fernando Calvary Baptist of Pacoima Federal Credit Union, Columbus Club Federal Credit Union, LA Mission Federal Credit Union
San Pedro BOPTI Federal Credit Union
Santa Ana Comunidad Latina Federal Credit Union, Orange County’s Credit Union, Santa Ana Federal Credit Union, SchoolsFirst Federal Credit Union
Santa Monica California Lithuanian Credit Union
Seal Beach Sea Air Federal Credit Union
Signal Hill Long Beach City Employees Federal Credit Union, Ocean Crest Credit Union
South Pasadena Priority One Credit Union
Studio City CBS Employees Federal Credit Union
Torrance Calcom Federal Credit Union, Honda Federal Credit Union, Parishioners Federal Credit Union, Torrance Community Federal Credit Union, Unify Financial Credit Union
Upland Chaffey Federal Credit Union
Van Nuys Los Angeles Police Federal Credit Union
Ventura County Schools Federal Credit Union, Ventura County Credit Union
Victorville Victor Valley Federal Credit Union
West Covina First Financial Credit Union, United Catholics Federal Credit Union
Westminister LBS Financial Credit Union
Wilmington ILWU Credit Union, USB Employees Federal Credit Union

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