FSU Credit Union

The Florida State University Credit Union (FSU) has been operating since 1954. FSU now offers auto loans to its 26,000 members across northern Florida.

FSU Credit Union
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    How do FSU auto loans work?

    FSU doesn’t go into a lot of detail on its website about the sort of terms you can expect on your loan.

    Interest rates start from 2.49%, but it’s highly likely you’ll need a good credit score to access rates this low.

    Credit score

    Minimum credit score requirements aren’t disclosed by FSU.

    However, if you have bad credit, FSU does offer an interesting alternative auto loan type called the ‘OnPace’ program.

    You can choose to have an OnPace GPS device installed in your car.

    This device will remind you when payments are due and disable the ignition if you miss any payments.

    You can choose to have an OnPace device installed even if you have good credit, as this will get you access to lower interest rates.

    How Much Can You Borrow?

    FSU doesn’t state how much you can borrow. Typically, credit unions will allow you to borrow between 80% and 120% of the value of the car.

    What types of vehicles are eligible for financing?

    The types of vehicles you can finance aren’t listed by FSU. You’ll have to contact its team directly to see if your car will be covered.

    How do I qualify?

    You’ll first need to become a member of the credit union in order to access auto loans.

    Membership is open to all employees, students, and faculty of Florida State University, and to any residents in one of 17 counties across northern Florida. 

    What documents do I need?

    Required documents aren’t listed by FSU. Most auto loan applications, however, require a form of photo ID, like a driver’s license.

    What are the fees?

    No fees are stated by FSU but this doesn’t mean that no fees will apply. Always read the fine print and make sure you understand all the clauses of your loan agreement before signing.

    How long does the loan process take?

    The online application is just one page long and should only take a few minutes to complete. The time taken from you completing your application to the money being in your account takes just one to five business days on average.

    How to apply for an auto loan?

    You can make an appointment to speak to a representative in-branch or complete the online application form.

    What payment methods are supported?

    • Telephone payments
    • Automatic monthly payments via online banking
    • One-off payments via your online account
    • Via mobile app
    • Via check
    • Pay in person at any branch

    Pros and Cons


    • OnPace auto loans are available for those with bad credit
    • Multiple repayment options
    • Low starting interest rates


    • Only residents in northern Florida may apply
    • It’s difficult to find repayment terms prior to application

    Is FSU Credit Union right for you?

    FSU is only available for residents in northern Florida, putting these loans out of reach for most people.

    You might want to think about trying a nationwide auto loan provider, like Carvana or MyAutoLoan.

    Both offer a wide range of interest options and welcome those with poor credit.