Preapproval Makes Shopping Easy

Take vehicle shopping one step further and put the ball in your own court. Visit us before you shop and you'll be more prepared for the adventure. By getting preapproved for a loan before you shop, you'll know exactly what you can afford and what price range of vehicles to tell the dealer you're looking for.

Well supply a Auto Loan Check for you to give to the dealer. It works just like a cashiers check and you'll enter the dollar amount of your purchase. Our credit unions phone number is on the check so the dealer easily can contact us.
The dealer will process the check and that takes care of all your financing, everything is handled by your credit union. A smart move, since your credit union generally offers lower rates than banks and dealerships on used- and new-vehicle loans.

Shares:

The APY (Annual Percentage Yield) assumes that dividends are to be added to principal.  Minimum opening deposits for certificates (except where noted otherwise):$1000.  Substantial penalty for early withdrawal.  Share certificate account terms: Dividends are calculated by the Daily Balance Method which applies a periodic rate to the principal each day.  Dividends are compounded and credited quarterly and at maturity.  The APY is quoted based on the assumption that dividends will remain in the account until maturity; a withdrawal will reduce earnings.  Minimums to open Savings - $25; Minimum Balance to avoid a low balance fee for savings - $100; Vacation or Holiday Savings - $0.  All rates subject to change without notice.  Funds must remain on deposit for full term to achieve stated rate.  Fees could reduce earnings.  For more information about fees and rates for these accounts contact your local credit union office or phone (703) 218-9900.

Loans:

All rates and terms are subject to change without notice and credit qualification.  APR is Annual Percentage Rate.  Managed risk lending pricing is used for vehicle and personal loans.  Maximum interest rate for loans will not exceed the maximum allowed by law.  The APR for certificate secured loans are based on current certificate rate plus 2.500% and subject to change on CD maturity. 

HELOC and Home Equity Loans available only on primary residences in Maryland, DC, and Virginia.  Minimum line of credit is $10,000.  Maximum line of credit is $250,000 up to 95% Loan to Value (LTV).  Variable rates tied to Prime as published in the Wall Street Journal.  Standard interest rate on up to 95% LTV is prime minus 1.000%.