Matadors Community Credit Union

Claiming to be a better alternative to a bank, the Matadors Community Credit Union has been in operation since 1963. It offers competitive rates and has won awards in the past for its quality auto loan services, but is available only to the CSUN community. There are a number of attractive options, but to apply you’ll need to go through a third-party website.

Matadors Community Credit Union
Best for
3 /5
$ /mo
Starting Price
Visit Site
Table of Contents

    How do Matadors Community Credit Union auto loans work?

    Matadors Community Credit Union has attractive auto loan rates, starting at 2.49% for new cars and 2.74% for used ones.

    You can take up to a very generous 84-month repayment term, but the rates for this are significantly higher.

    Credit score

    These stated rates are dependent on having a minimum credit score of 740.

    However, other rates are available to those with a lower credit score and will be calculated based on creditworthiness.

    How Much Can You Borrow?

    It’s possible to finance the entire cost of the vehicle’s market value, and there’s no minimum or maximum amount stated.

    However, you must have insurance coverage from a California admitted carrier.

    What types of vehicles are eligible for financing?

    You can use Matadors Community Credit Union auto loans to cover cars, vans, trucks, SUVs, convertibles, recreational vehicles, and even boats.

    How do I qualify?

    The one big stipulation when trying to take one of the best auto loans with Matadors Community Credit Union is that you must be part of the California State University Northridge community, either as a student, staff, alumni, or a family member.

    You must also have insurance coverage from a California admitted carrier, and additional restrictions may apply.

    What documents do I need?

    Before applying, make sure you have your driver’s license, social security number, and proof of eligibility.

    What are the fees?

    Late payment fees are always a possibility, but Matadors Community Credit Union doesn’t make it clear if they apply here.

    Generally, credit unions don’t charge fees, but you should always confirm this by some form of contact.

    How long does the loan process take?

    The application form used online is simple, and if you have your details to hand it should only take a few moments.

    After being approved, the money supposedly arrives within seven business days.

    How to apply for an auto loan?

    The simplest and quickest way to apply would be using the online forms, but you can also apply over the phone if you prefer.

    What payment methods are supported?

    The only payment method supported is electronic, but you can choose between direct debit or lump sums.

    Pros and Cons


    • All auto loans come with add-ons such as GAP and MMP
    • No payment due for 90 days


    • You must be part of the CSUN family to apply

    Is Matadors Community Credit Union right for you?

    The rates and offers available with Matadors Community Credit Union are definitely appealing, but unfortunately, the eligibility to become a member is quite restrictive.

    As such, those outside of the CSUN circle would be better suited to a major auto loan financer.

    More inclusive credit unions include My Auto Loan and Consumer Credit Union, which offer fair rates and decent ranges of loan options, but without the strict criteria.