Auto Loan Check, what is it?

An FCFCU Auto Loan Check is a check made out to you that's good for up to your approved loan amount. You can use it to purchase a car at any licensed dealer. Since you already have financing arranged before you shop, you can focus on negotiating the lowest price you can for the car you want like you are paying with cash in hand. You can use it for a new or used auto, truck, van or motorcycle. The Auto Loan Check cannot be used for a private sale or to refinance a loan at another institution.

Heres how it works, once you know how much you want to borrow, make sure the blanks on the face of the check are completed as follows:

         Choose a repayment method

         Fill out the vehicle information

         Fill in the loan amount up to the maximum on the check

         Endorse the back of the check yourself (both borrower and co-borrower if applicable). Make sure the dealer endorses the back of the check as well, and leave the check with the dealer as payment.

We'll process your loan, according to the amount and term you have specified on the face of the check, when the check clears.

If you've already applied for a loan, just give us a call or email us to request a check. If you haven't applied yet but are interested in buying a car, call and apply for an FCFCU Auto Loan today. We can accept your loan online and type Auto Loan Check in the box at the bottom of the loan request form. You can also stop by any branch. FCFCU will send you your Auto Loan Check and you'll be driving your new vehicle in no time.

Personalizing Your New Car

If you've been out of the car market for a few years, some new features are worth a look when you re-enter it:

Parking assist uses ultrasonic sensors in the bumper(s), visible as small disks, making maneuvering in tight places easier.

Tire pressure warning devices detect low pressure directly with sensors in each tire or indirectly by measuring the difference in rotation speed of tires with different pressures on the same axle.

Night vision uses thermal imaging enhancement of objects ahead of the car to project a view of them on a small screen at the base of the windshield.

Xenon headlamps pass an electrical current through a gas, causing it to give off a much whiter light than lights with a glowing filament, putting more light on the road without excessive glare.

Emergency SOS is help via a satellite link built into the vehicle. Most systems can track a stolen vehicle, notify emergency services if an airbag deploys, and unlock a vehicle with the keys inside.

Standardized child safety seat attachments use metal brackets between the cushion and backrest that grab mating ends on the newest child seats, making secure installation simple and safer than ever.

Whether you're in the market for a new vehicle with all the latest features or for a used model, visit FCFCU today for help financing your purchase.

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 - $100.  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 amount is $250,000 up to 100% Loan to Value (LTV). Variable rates tied to Prime as published in the Wall Street Journal.