Members First Credit Union Review

Since 1949, Members First Credit Union has helped many people. Through these years, it has provided its members with quality financial products and services. As a result, it has become the first place that many people visit whenever they are in need of assistance.

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Table of Contents

    How do Members First Credit Union auto loans work?

    Whether you want to purchase a new or used auto, you will still get the same low starting rate of 2.50% APR. Also, the terms could go as long as 84 months. Luckily, you can get a fund for an auto's full purchase price.

    Credit score

    Your credit score will be subject to review by a loan expert. After that, the results will help determine the rates that you are eligible to take.

    How much can you borrow?

    It is unclear as to how much is the limit that you can borrow; however, you can loan for more than $15,000. Also, terms of 76 to 84 months require a minimum loan amount of $25,000.

    What types of vehicles are eligible for financing?

    These are the accepted vehicles for financing:

    • Auto
    • ATV
    • Boat
    • Motorcycle
    • Motorhome
    • Personal watercraft
    • Snowmobile

    How do I qualify?

    You can qualify for a loan if you work, live, or study in New Hampshire. In addition to that, if you have a business in New Hampshire and most of your employees live there, then you are also eligible.

    What documents do I need?

    To apply for a loan, you need to present your credentials and Social Security Number. You must also submit any of the following IDs:

    • Drivers license
    • Passport
    • The U.S. non-driver identification

    What are the fees?

    You should pay a $60 processing and $75 to $95 VSI fee.

    How long does the loan process take?

    It will only take a couple of hours or days for a representative to contact you. However, from there, it is unknown how long you will have to wait to sign a deal for your new auto.

    How to apply for an auto loan?

    You can apply online through its electronic application form or set a personal appointment.

    What payment methods are supported?

    It accepts payments through cash, bank transfer, or credit card payments.

    Members First Credit Union Pros And Cons


    • Accepts applicants without a driver's license
    • Many options for a vehicle


    • Few rates choices
    • Expensive fees

    Is Members First Credit Union right for you?

    If you are satisfied with its few rate options, Members First Credit Union is ideal for you. On a positive note, it has a great selection of vehicles, so you can still get the auto you want. However, its expensive extra fees might be discouraging for some.

    Contrarily, MyAutoLoan offers a variety of competitive rates with a cheap processing fee. Moreover, it can finance a wide variety of vehicles, so you can rest assured to get your preferred auto. Finally, its service area covers many states, so it is even more possible to apply.