Auto, Boat & RV Loans

Save up to 1.25% off your Auto or up to 1.00% off Personal, Boat, or Recreational Vehicle Loan

When the options below are added to your loan, you'll receive the highest discounts off your loan rate. Rates quoted include all available discounts, so your rate may be more. Please ask for the rate for which you qualify. Rates subject to increase with cancellation of any of the options below.

RELATIONSHIP REWARD DISCOUNTS

• 0.25% - existing checking account with average balance of $2500 or more over previous 3 months
• 0.25% - automatic payment transfer from an active MSCU checking account*
• 0.25% - Credit Life & Disability payment protection added to loan (disability is only waived if member is not eligible to qualify)
• 0.25% - Vehicle Service Contract purchase (autos only)
• 0.20% - active MSCU credit card**
• 0.15% current or new CD with balance of $1000 or greater with a term of 6 months or greater
• $100 off - receive $100 off GAP purchase with the Added Bundle Protection Discount (eligible bundle to include Vehicle Service Contract, Credit Life and Disability)

*Active checking = Open at least 6 months with at least 5 transactions per month (other than deposits) during the previous 3 months

**Active credit card = Open at least 3 months with at least 3 transactions (payments or charges) during the previous 3 months

Know What You Can Afford

Check our current rates, calculate your payment based on the NADA Auto Value of the car or truck you want to buy and then fill out the Loan Application. It's that easy.

First Time Auto Buyer Program

MemberSource is YOUR SOURCE for auto financing - even if this is your first auto loan. Applying is easy and we have several financing options available to make paying for your auto loan easy, too.

Our first-time auto buyer program features:

• low rates
• rewards discounts
• 45 days until first payment
• no credit history required

If you're looking for your first auto loan, you're in the right place. Qualifications for our first-time auto buyer program include:

• minimum 6 months job history
• verification of employment
• proof of income (minimum $2,000/month)
• minimum 10% cash down payment
• no derogatory credit

 

Where to Buy Your Next Auto

Thanks to our partnerships with multiple dealerships and entities, you have a lot of choices when it comes to shopping for a new or used vehicle. You can get a great deal - and still get MemberSource financing.

At Member Auto Center, you can drive to any of our preferred new or used car dealers and get MemberSource financing. Just mention that you're a member, or that you'd like to be a member and they'll do the rest. It's one stop shopping at its best.

MemberSource also partners with Enterprise Car Sales to bring you haggle-free buying and worry-free ownership. Choose from a fleet of over 1 million used vehicles that are backed by one of the industry's best warranties. Visit Enterprise Car Sales to find your next vehicle.

 

Insurance Requirements for Auto Loans

We require our members to have full coverage on any vehicle for which MemberSource CU is the lien holder.

• Required deductibles for collision and comprehensive coverage may not exceed $1000.00.

If you switch insurance providers, please remember to send in a new proof of insurance. If insurance coverage lapses, you may be subject to force-placed insurance (CPI) and any costs associated with it.

• Fax a copy of the declarations page or certificate of insurance to 877-806-8649, or
• Mail a copy of the declarations page or certificate of insurance to MemberSource Credit Union

Your insurance carrier should use the following lien holder address:   PO Box 924465 • Fort Worth, TX 76124. Please note, this is only for lien holder information.

For insurance related questions, contact the Insurance Service Center at 888.806.8649.