As a member of Aggieland Credit Union, you enjoy the many benefits we offer, including personalized service; optimal convenience; a voice in the way your credit union operates; and higher general earnings on your savings.
One of the most significant advantages we offer our members is lower interest rates on loans. Our loans offer you the best of both worlds, with an easy application and qualification process, plus a quick turnaround from beginning to end. Most importantly, though, when you take out a loan through Aggieland Credit Union, you'll enjoy more savings on the interest rates throughout the life of the loan. That means your loans cost you less.
Let's take a look at some of the most popular loan categories and how the interest rates at credit unions differ from the industry average. (All data has been pulled from the NCUA's analysis of credit union and bank interest rates for March 2020.)
Auto Loans
Looking for a new set of wheels? Look no further than Aggieland Credit Union! You won't be under pressure to overspend or make a rash decision like you might be at the dealer's lot. Instead, speak with one of our representatives who will be delighted to help you identify how much you can truly afford while in a relaxed and pressure-free environment. You'll be working directly with the lender, so you won't get duped into a deal that includes inflated rates that go directly toward someone's commission. Most importantly, with rates that fall far below the industry average, you can sign with confidence, knowing you're getting a fantastic deal.
Used Car Loan, 48 months:
Average industry rate: 5.44%APR (Annual Percentage Rate)
Average credit union rate: 3.50%APR
Used Car Loan, 36 months:
Average industry rate: 5.39%APR
Average credit union rate: 3.37%APR
New Car Loan, 60 months:
Average industry rate: 5.10%APR
Average credit union rate: 3.45%APR
New Car Loan, 48 months:
Average industry rate: 4.99%APR
Average credit union rate: 3.32%APR
Home Equity Loans
Are you looking to fund a home renovation or expansion? Or, do you want to tap into your home's equity and take out a secured loan you can use any way you'd like? Consider taking out a home equity loan at Aggieland Credit Union.
Home Equity Loan, 5 years, up to 80% of the home's value:
Average industry rate: 5.21%APR
Average credit union rate: 4.65%APR
Home Equity Line of Credit, up to 80% of the home's value:
Average industry rate: 5.05%APR
Average credit union rate: 4.56%APR
Personal Loans
When you need a bit of extra cash for a reason that doesn't fit neatly into any other category, consider a personal loan at Aggieland Credit Union. The application process is quick and easy, and you can use the extra money any way you please, from funding a dream vacation to paying for wedding expenses to covering the costs of adopting a child. With modest interest rates, you'll enjoy an affordable payback plan throughout the life of the loan.
Average industry interest rate on fixed 36-month personal loans: 10.21%APR
Average credit union interest rate on fixed 36-month personal: 9.28%APR
You'll always benefit when you choose Aggieland Credit Union. As a nonprofit, member-owned cooperative, our only goal is your financial wellness. Visit us online to see how we can help you!
Your Turn: Which low-interest loans are you currently enjoying from Aggieland Credit Union? Tell us about it in the comments.