This is a list of most common answered questions regarding Auto Loans.

Why get my car loan at a credit union?

Nationally, credit unions are among the most competitive vehicle lenders. We’re not-for-profit, so our focus is on member service, not the bottom line. That allows us to typically offer lower loan rates and fewer fees than the competition. We’re also owned by the very members we serve, so you know you’ll be treated like more than just a customer. You are an owner, and it is our goal to make you feel that way whenever we can.

Is it safe to apply for a loan on this Web site?

Absolutely. Everett Credit Union uses state of the art encryption technology to ensure your loan application and personal information remains secure. Upon retrieval of this information, we will handle your application with the same confidentiality we administer to all personal documents.

What does the phrase “upside down” mean when referring to owning a car?

A borrower is ‘Upside Down’ on their auto loan when they owe more than the vehicle is worth. This typically happens in the early months of a loan, especially when little or no down payment has been made. One of the key disadvantages of being upside down comes from an insurance perspective. If your vehicle is totaled, your policy may only cover the worth of the vehicle, and not necessarily the full balance of your loan.