Arsenal CU

Arsenal Credit Union provides auto loans for those living in 11 counties across Missouri and Illinois.

Arsenal CU
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    How do Arsenal CU auto loans work?

    Arsenal aims to provide auto loans at very low rates for its members, starting from just 3.50%.

    The highest rate you’ll ever pay is 10.75%.

    You can apply online in just a few minutes via an application form, or you may visit one of the Arsenal branches to discuss how much you’d like to borrow. Repayment terms will vary between 1 and 84 months.

    Credit score

    You don’t need a minimum credit score to apply.

    Since Arsenal is a credit union, it acts on behalf of its members collectively.

    You’ll be assessed using a number of criteria to determine your ability to repay.

    A first-time borrower option is also available for those with no credit score.

    How Much Can You Borrow?

    You can borrow up to 125% of the market value of the car you’d like to buy.

    Arsenal doesn’t state any upper limits to borrowing.

    What type of vehicles are eligible for financing?

    Arsenal covers cars, motorcycles, all-terrain vehicles, motorhomes, campervans, travel trailers, and even watercraft.

    How do I qualify?

    You’ll need a savings account with Arsenal with a minimum deposit of $25.

    You must also be resident in the following states and counties to apply:


    • Jefferson County
    • St Louis County
    • St Louis City
    • Franklin County
    • Washington County
    • St Francois County
    • Ste. Genevieve County


    • St Clair County
    • Madison County
    • Monroe County
    • Randolph County

    You may also apply for an auto loan if you’re related to someone who’s already a member of the credit union.

    What documents do I need?

    You’ll need a photo ID that confirms your address and date of birth, such as a driver's license or passport.

    What are the fees?

    There are no application or origination fees, however, fees may be charged if you have insufficient funds available when making a payment.

    How long does the loan process take?

    You can complete the application form in just a few minutes.

    Approval and depositing of money to your account usually takes between 5 and 7 days.

    How to apply for an auto loan?

    Apply online, over the phone, or directly in a branch.

    What payment methods are supported?

    Arsenal encourages you to set up online bill payments that’ll be taken monthly from your account.

    Pros and Cons


    • Low interest rates for members
    • You can borrow up to 125% of the value of the car you’re buying


    • Eligibility is limited to residents of Missouri and Illinois
    • You won’t receive your money immediately

    Is Arsenal Credit Union right for you?

    For residents of those eligible counties and states, Arsenal would definitely seem like a sensible choice given the low interest rates on offer.

    However, for those not eligible, you’d be best trying one of the larger auto loan providers such as Carvana and Open Road.

    Not only do these options have a wider range of interest rates, in many cases, but you can also be approved and have your money within 24 hours.