Member Services 

Auto and Recreational Loans

Coventry Credit Union offers a variety of secured and unsecured consumer loan options.

What are Secured Loans?

A secured loan is when collateral is used as security for the repayment of a loan. An example of a Secured Loan is when you buy a vehicle and use the car as collateral to secure repayment of the loan.

New Auto, Truck or Van Loans:

  • CCU will finance up to 100% of the purchase price plus the tax, warranty and license fee's with GAP on the loan.
  • Depending on the vehicle you buy, repayment terms range from 36 to 84 months.
  • The interest rate is a fixed rate, for the term of your loan.
  • Payments can be made automatically from your checking or savings account or by cash or check.
  • Payment Protection is available.

Pre-Owned Auto, Truck or Van Loans:

  • CCU will finance up to 100% of NADA retail book value for used autos, eight model years old or less with Guaranteed Asset Protection (GAP).
  • Terms of repayment range from 24 to 60 months for vehicles which are eight years old or less, depending on the year of the vehicle.
  • Payments can be made automatically from your checking or savings accounts or by cash or check.
  • Payment Protection is available.  

Start the Online Loan Application.

 

 

New Auto Loan Rates

Must have full insurance coverage. Vendor's Single Interest (VSI) fee of $55.00 is required on all vehicle loans.

 

Pre-Owned Auto Loan Rates

Must have full insurance coverage. Maximum Mileage = 90,000 miles. Vendor's Single Interest (VSI) fee of $55.00 is required on all vehicle loans.

 

Motorcycle Loan Rates

Must have full insurance coverage. Vendor's Single Interest (VSI) fee of $55.00 is required on al motorcycle loans.

 

New RV Loan Rates

Must have full insurance coverage. Vendor's Single Interest (VSI) fee of $55.00 is required for all RV loans.

 

Used RV Loan Rates

Must have full insurance coverage. Vendor's Single Interest (VSI) fee of $55.00 is required for all RV loans.

 

New Boat Loan Rates

Larger boats will require Marine Mortgage documents. Vendor's Single Interest (VSI) fee of $60.00 is required for all boat loans. *240 month term on boats over $50,000 require a Balloon Payment.

 

Used Boat Loan Rates

Larger boats will require Marine Mortgage documents. Vendor's Singled Interest (VSI) fee of $60.00 is required for all boat loans.

 

 Rates Effective as of 10/01/2013

  DISCLOSURE: Coventry Credit Union provides loan rates based on a risk rate schedule. The risk rate schedule carefully evaluates an applicant's credit history, debt to income ratio, assets, and job stability. Coventry Credit Union is competitive in the market. Completing an application gives our loan officers the tools to provide you a rate that works for your financial needs.

APR = Annual Percentage Rate

+ Call For Vehicle Refinancing Rate (401) 397-1900 ext. 2101

GAP Coverage Available.  Some Restrictions Apply. Rates Are Subject to Change at anytime without notice.

USA Patriot Act:  Important Information About Procedures for Filing a Loan Application with Coventry Credit Union. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.   What this means for you is that when you file a loan application with us, we will ask you for your name, address, date of birth and other information that will allow us to identify you.  We will also ask to see your driver's license or other identifying documents no later than at the time the loan is closed.

 

NCUA Equal Housing Lender
Equal
Opportunity
Lender