Vehicle loans for our younger members who are just starting out. This is a great way for your child to establish and build their credit.
Unlike the dealer lenders or finance companies, we do not penalize our younger members for their lack of credit history by charging the, high interest rates or making them have co-signors. Our younger members will get the same great, low fixed rate a member with established credit would get, which is the credit union way.
PFCU only requires that you are at least 18 years of age and have been employed for at least 12 months. To further ensure that our younger members do not "get in over their heads", the maximum loan amount for a 1st Time Buyer Vehicle loan is $20,000 and a minimum down payment of 5% is required.
*Subject to credit approval.
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