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GOBankingRates Ranks Texas' Randolph-Brooks FCU as Tops in Car Loan Rates
Monday, August 24, 2015 6:40 AM

Credit unions nationwide are offering top deals on car loan rates, and a recent article by GOBankingRates featured the very best in the movement. The article also discusses the various conditions members must meet to qualify for the best rates. The top-ranked credit union was Randolph-Brooks Federal Credit Union in Live Oak, Texas, which boasts a 1.65 percent APR on loans for both used and new vehicles.

The article points out that loans from Randolph-Brooks offer members a lot of flexibility, with terms that range from 24 to 84 months with financing that can cover up to 125 percent of the value of the car.

“With competitive rates, your local credit union can help you save on your next auto loan,” said GOBankingRates, which also noted that rates and terms are subject to change.

Also making it into the top tier of the list is EECU in Fort Worth, Texas.

To qualify for the best rate at the credit union, according to GOBankingRates, members must sign up for automatic payments and also sign up for paperless statements. Members also must buy a vehicle that gets at least 28 miles per gallon.

Other credit unions to make the list:

  • Suncoast CU, Tampa, FL
  • Foothill CU, Arcadia, CA
  • LA Financial CU, Pasadena, CA
  • SchoolsFirst FCU, Santa Ana, CA
  • Alliant CU, Chicago, IL
  • Navy FCU, Vienna, VA
  • Pentagon FCU, Alexandria, VA, and
  • State Employees’ CU, Raleigh, NC