Call Center: 715-627-4336 or
toll-free 1-800-398-2667

Please email us with questions or comments.

PRIVACY POLICY

• 100% financing available.
• No Prepayment penalties or application fee.
• Simple application process.
• Fast turnaround - Same day approval in most cases.
• Payments can be made through direct deposit, auto transfers, TEX or e-TEX, by mail or in person*.
• Make weekly or biweekly payments and pay your loan off quicker and save interest (see example below).
• Financing with CoVantage Credit Union is available at many new car dealers, or by using an Auto Draft before going to the dealer lot.
• Credit Disability and Life Insurance are available on the loan (see below).
• Guaranteed Auto Protection (GAP) can be purchased for your Vehicle (see below).

First Time Car Buyers Program

• Finance a new or used vehicle up to 100% of its value.*
• If you have no credit score due to lack of previous credit...no problem! We'll treat you fairly and you could even get our best rates.**

*The actual amount approved will depend on whether income is sufficient to cover the payment plus normal expenses.

**Individuals who have not yet established a credit score, due to not previously using credit, will be given the benefit of using our Tier 1 rates. Offer available to those who have never financed a vehicle before and have a minimum of 6 months with current employer. Those with derogatory credit may pay higher rates, or may not be eligible for financing. All first time car buyers are required to have a co-signer on their loan. Only eligible borrowers who meet CVCU membership and credit requirements may qualify.

Auto Draft Pre-Approved Auto Loan
CVCU offers a special pre-approved auto loan program that can save you time and money at the dealership. Call, come in, or apply online for a pre-approved Auto Draft before negotiating price with the dealer. You'll get a "blank check" that can be used to purchase any vehicle, from any dealership, for any amount up to your pre-approved limit. You’ll have the buying power of cash....and, you won’t be tempted to spend more than you can afford. click here for more info

CHECK OUR RATES

Refinancing
Already have a loan? We may still be able to help you. CHECK OUR RATES – If our rate is lower than what you’re currently paying, you may be paying too much. Call our loan department to see how we can help.

CoVantage Cash
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.

1. 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.)
2. 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.
3. We’ll mail you a receipt for the money dispersed showing the terms and rate of your loan.

NEED TO FIGURE OUT A PAYMENT? TRY ONE OF OUR Loan Payment Calculators!

PROTECTION INSURANCE FOR YOUR LOAN AND VEHICLE

Credit Life and Disability
Credit Life and Disability Insurance are available on most loans. This insurance is optional, however, we strongly urge you to protect yourself from the inability to repay a loan due to accident, illness or death. For a nominal cost, credit disability would make your monthly payments for you should you be out of work for 14 days or more due to an illness or injury. Credit life insurance can  pay off your loan if you were to lose your life.  Click here for more info

GAP Insurance
Protects members against financial loss in the event your vehicle is declared a total loss due to theft, collision, fire, or any insured peril. GAP Protection covers the difference between your primary insurance carrier settlement and the payoff of your loan on the date of the loss. Click here for more info

PAY OFF YOUR AUTO LOAN SOONER WITH WEEKLY OR BI-WEEKLY PAYMENTS

Make bi-weekly payments and pay your loan off 6 month sooner and save $325 in interest paid over the length of the loan. Ask a loan officer to set this up on your auto loan!

LOAN ENHANCEMENTS

TEX – 24 Hour Audio Response
This convenient service enables you to make loan payments, transfer money from one account to another, inquire on interest paid and more…anytime, day or night, from any touchtone phone.

e-TEX – 24 Hour Home Banking
Using e-TEX, you can conduct transactions like TEX through our internet home page using your personal computer.

Direct Deposit & Payroll Deduction
You can have your payroll or Social Security check directly deposited into your Credit Union account and applied to your loan.