Questions members frequently ask about Vehicle loans

Do I need to go to a NuUnion office to close my Vehicle Loan?

With NuUnion, you have choices. You can close your Vehicle Loan in any one of three convenient ways:

1. At any NuUnion office
2. At a dealership that participates in our Vehicle Indirect Plan.
3. Through the mail. We'll mail your loan documents to you for your signature.

Do I need to use my car as collateral?

With NuUnion, you have other options for collateral - a Certificate of Deposit Secured Loan or Home Equity Loan. Your tax consultant can help you determine if there are any tax benefits in using your home as collateral. You may also qualify for an unsecured loan.

How do you determine my interest rate?

Your interest rate is based on the amount you borrow, how long you borrow, your credit history, and the type of collateral. As a NuUnion member, you'll know you're getting a competitive rate, often the best possible available.

Why should I finance my vehicle through NuUnion?

Compare our loan rates and terms with other financial institutions. You'll find we're very competitive, often the best available. It's easy to apply. Just choose one of three convenient options:

1. Use our Vehicle Indirect Plan - all paperwork and approvals can be done right at the dealership.
2. Apply by phone during regular business hours. In most cases, you'll have approval within minutes.
3. Complete your loan application online.