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Carla Soto
Updated 19 July 2023
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AFL-CIO Employees Federal Credit Union logo

This is a paragraph. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Without paragraph tags. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Auto loan calculator below!

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Calculate repayments

Loan Amount

$20,000

Term

60 months

Achieva Credit Union

Achieva - New Auto Loan

Estimated Month Repayments
Interest Rate
1.89%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$5,000
to $100,000
Low fixed interest rates. Flexible terms. Same-day approvals. No hidden fees.
Achieva Credit Union

Achieva - Used Auto Loan

Estimated Month Repayments
Interest Rate
1.89%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
Low fixed interest rates. Flexible terms. Same-day approvals. No hidden fees.
Bank of America

Bank of America auto loan

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
Get a low interest rate Bank of America auto loan
California Credit Union

California Credit Union auto loan

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
Get a low interest rate California Credit Union auto loan
Capital One

Capital One auto loan

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
Get a low interest rate Capital One auto loan
Chase

Chase auto loan

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
Get a low interest rate Chase auto loan
LendingClub

LendingClub auto loan

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
Get a low interest rate LendingClub auto loan
PeoplesChoice Credit Union

PeoplesChoice Credit Union auto loan

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
Get a low interest rate PeoplesChoice Credit Union auto loan
Rocket Loans

Rocket Loans auto loan

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
Get a low interest rate Rocket Loans auto loan
University of Wisconsin Credit Union

University of Wisconsin Credit Union auto loan

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
Get a low interest rate University of Wisconsin Credit Union auto loan
Wells Fargo

Wells Fargo auto loan

Estimated Month Repayments
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
Get a low interest rate Wells Fargo auto loan

SeeLoans.com provides factual information about financial products. While SeeLoans.com attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on SeeLoans.com is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with SeeLoans.com. SeeLoans.com recommends reading the relevant product disclosure statement or product guide before taking up any financial product offer. Please view SeeLoans.com's Terms of Use for more information.

Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

How to join AFL-CIO

Steps to join AFL-CIO

  1. Apply by filling out a Membership Application. You can bring or mail it to one of their branches. You can also email the application to [email protected].
  2. Deposit $5 by check, money order, or bringing cash to a branch.
  3. Provide a copy of your ID. This can be any valid unexpired government-issued photo ID such as a drivers license, identification card, passport, or employer ID.

What you’ll need to have ready:

When you apply for auto financing with AFL-CIO, you’ll be asked to provide personal information such as:

  • An email address
  • Your full name
  • Address
  • Social Security number
  • Employment information
  • Income details
  • U.S. citizenship status

You may need to provide AFL-CIO EFCU with additional documents to complete your loan request. These documents may include a purchase agreement or bill of sale, car registration and title, instructions for buying out a lease, proof of income (such as federal tax returns and W-2s), and financial statements.

Suppose you’re applying for a refinance loan or looking to buy out a lease. In that case, you’ll need to provide additional information about the vehicle. This includes the make, model, and year of the car, as well as the mileage and vehicle identification number (VIN). Having this information ready will help BoA process your application more quickly.

Ways to apply for an AFL-CIO auto loan:

  • Apply online by clicking the GO TO SITE link in the table below
  • Visit a branch
  • Call 301-683-2800

Additional AFL-CIO auto loan details

  • Automatic payment: Available.
  • Loan approval times: Undisclosed. The online application takes 10 to 20 minutes.
  • Rate discounts: Loan Loyalty Program Members can receive up to 0.25% discount.
  • Repayment frequency: Monthly.
  • Late payment fees: If your payment is more than 15 days late, a late fee will be charged with 15% of the monthly principal and interest payment, or $25, whichever is less.
  • Prepayment penalty: $0
  • Co-borrowers allowed: Yes
  • Co-signers: Yes
  • Ways to repay: Mailed-in check, phone, online banking and in-person.
  • Hardship program: Undisclosed.

Vehicle restrictions and limitations

  • Maximum vehicle age: Up to 12 years
  • Maximum vehicle mileage: Undisclosed.
  • Other vehicle restrictions: Minimum finance amount on a new or used vehicle is $15,000. AFL-CIO can finance smaller amounts on old vehicles and motorcycles. The credit union will either finance MSRP (manufacturer’s suggested retail price) on new cars or (NADA) National Automobile Dealers Association retail price on used cars.

Pros and cons

Pros

  • Available for a wide range of vehicle types and vehicle ages, including new, used, motorcycles, boats and RVs.
  • Pre-approvals available.
  • Wide range of loan terms.
  • Online application can be filled in 10-20 minutes.
  • Options for mechanical breakdown, GAP auto protection coverage, and loan protection insurance.
  • Co-applicant and guarantors available.
  • Discounts of up to 0.25%.

Cons

  • High minimum loan amount.
  • Rate discounts for members only.

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AFL-CIO Employees Federal Credit Union logo

This is a paragraph. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Without paragraph tags. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Auto loan calculator below!

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Frequently asked questions

Are AFL-CIO auto loan interest rates fixed or variable?

Interest rate types are not specified on the AFL-CIO website. However, they state, “AFL-CIO EFCU reserves the right to change rates without advance notice.” which may imply variable interest rates.

Are there discounts available on AFL-CIO car loans?

Yes, a “Loan Membership Loyalty Program” member can receive a 0.25% APR discount on a new or used vehicle loan.

What is the maximum term of an AFL-CIO auto loan?

Term lengths vary based on the loan type. For new vehicles, 96 months; for used vehicles, 84 months; for older vehicles, 60 months; for new and used motorcycles, 72 months. You have up to 120 months to repay the loan for new and used boats and recreational vehicles.

Does AFL-CIO refinance auto loans?

Yes. Their website doesn’t provide much information on refinancing, but it is an option in their online application. Used vehicle interest rates most likely apply to refinancing.

What information do I need to provide when applying for a AFL-CIO EFCU car loan?

When applying for vehicle finance, you’ll need an email address, your full name, address, Social Security number, employment information, income details and U.S. citizenship status. If you have a co-applicant or guarantor on the application, they will need to provide similar information.

Video: We are the AFL-CIO

Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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