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Loan Programs
Auto Draft
Auto Draft is a pre-approved auto loan that gives you
the bargaining power of cash and ensures you can negotiate the best price on the
vehicle you’ve selected. Once you’re approved, and after you’ve negotiated
the best price on your car, just sign over your Auto Draft. It’s like writing
out one of your own checks!
Additional benefits:
- 1% Cash Rebate on the amount of your Auto Draft Loan. (for example: use an
Auto Draft for $20,000, and you'll get $200!)*
- Use it at any licensed car dealer.
- Get approved today...use the check when you’re ready to make a vehicle
purchase.
- There’s no need to come to the Credit Union to sign
additional papers.
- Your rate will be CVCU's current auto loan rate at the
time you make your vehicle purchase.
- Interest accrues after you’ve signed the check over
to the dealer.
- Auto Draft minimum is $5000.
*The cash rebate check will be sent to the borrower after the loan has been active for 90 days. |
Call Center: 715-627-4336 or
toll-free 1-800-398-2667
Please email us with questions or
comments.
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CoVantage Cash
CoVantage Cash is an open-end agreement that allows you to apply for
any type of consumer loan or auto loan today, and borrow later when the need
arises…without another trip to the Credit Union.
- Stop
in any time to get pre-approved for a loan. You’ll complete an
application, and upon approval, will be asked to sign an open-end agreement.
(No interest is charged until you use the loan.)
- When
you’re ready to use the loan, call a loan officer and tell them the amount
you need. They’ll ask a few simple questions and we’ll send you a check
or deposit the money into your account.
- We’ll
mail you a receipt for the money dispersed showing the terms and rate of
your loan.
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