United States Senate Federal Credit Union

In 1935, when the Great Depression was at its height, nine employees of the US Senate pooled their resources in order to provide financial services to one another. Now, membership has been extended to 140 additional employers and organizations based in the Washington D.C. area.

United States Senate Federal Credit Union
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    How do United States Senate Federal Credit Union auto loans work?

    Auto loan interest rates start from as low as 1.99% for members, with flexible repayment terms extending to 84 months.

    Add-ons such as extended warranties and GAP insurance can also be arranged at the same time as your loan.

    Credit score

    The US Senate Credit Union doesn't disclose the minimum credit score requirements you need to meet in order to apply for its auto loans.

    However, it’s generally the case you’ll need an excellent credit rating to access low rates.

    How Much Can You Borrow?

    You can borrow a maximum of $150,000 on new cars and $70,000 on used cars.

    What types of vehicles are eligible for financing?

    Any new and used car can be financed, alongside a range of leisure vehicles.

    The credit union doesn’t specify what types of vehicles come under this category, so you’ll have to call and confirm the one you’d like to buy is covered.

    How do I qualify?

    Membership is primarily open to employees of the US Senate and their families.

    However, the credit union has partnered with around 140 affiliate organizations in and around Washington D.C.

    If you work for one of these you can also apply.

    Once you’re accepted as a member, you can apply for the range of auto loans on offer.

    What documents do I need?

    A full list of required documents isn’t provided prior to you applying for a loan.

    Most auto loan applications will require you to submit proof of income and a form of photo ID, such as a passport.

    What are the fees?

    You can choose to defer your monthly payments but will be charged a $25 skipped fee for each missed month.

    If you’re late with your payment, you’ll also pay a $7 delinquent loan fee.

    How long does the loan process take?

    The application process via the online member portal should only take a few minutes.

    Once accepted, the credit union will let you know how long you’ll have to wait before the money is in your account.

    How to apply for an auto loan?

    Members must register for online banking before they can complete an application form.

    Or, you can make an appointment at one of three branches based in Washington D.C.

    What payment methods are supported?

    Automatic monthly payments are the encouraged repayment method, and will give you a 0.25% interest rate discount.

    You’ll have to get in touch with the credit union if you want to discuss alternate payment methods.

    Pros and Cons


    • Interest rate discounts for those using auto-pay
    • Low interest rates on offer


    • Membership is restricted to the Washington D.C. area
    • Fees can mount up when skipping payments

    Is the United States Senate Federal Credit Union right for you?

    Unless you live in the Washington area, this credit union won’t be for you.

    Instead, you should apply to a loan provider like Consumer Credit Union.

    You’ll get the benefit of low rates and flexible repayments, and it's open to US citizens in all 50 states.