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OnPoint Community Credit Union

Oregon and Washington based auto loans lender OnPoint Community Credit Union is a long-standing and trusted institution. It started in 1932 as a way for 16 school teachers to protect their money and now serves over 395,000 members.

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    How do OnPoint Community Credit Union auto loans work?

    The rates at OnPoint Community Credit Union vary quite drastically, depending on many factors. The very lowest rate would be 3.39% for 36 months on a new vehicle and goes all the way up to 9.5% for 60 months on an old car.

    Credit score

    All loans and lines of credit subject to credit approval. Rates are based on an evaluation of credit history and other factors specific to your loan and may be higher than the lowest rate published.

    How much can you borrow?

    You can borrow the full 100% of the vehicle's shelf price, but this must be a minimum of $15,000 if you want an 84-month loan.

    What types of vehicles are eligible for financing?

    The best auto loans will cover most road vehicles, with different loans servicing RVs, motorcycles, and boats.

    How do I qualify?

    You can only apply to become an OnPoint member if you meet any of the following criteria:

    • You live, work or worship in Clark or Skamania counties in Washington
    • You’re a family member of a person who’s eligible for OnPoint membership
    • You live or work in any of the following 28 Oregon counties:
    1. Benton
    2. Clackamas
    3. Clatsop
    4. Columbia
    5. Coos
    6. Crook
    7. Curry
    8. Deschutes
    9. Douglas
    10. Gilliam
    11. Hood River
    12. Jackson
    13. Jefferson
    14. Josephine
    15. Klamath
    16. Lane
    17. Lincoln
    18. Linn
    19. Marion
    20. Morrow
    21. Multnomah
    22. Polk
    23. Sherman
    24. Tillamook
    25. Wasco
    26. Washington
    27. Wheeler
    28. Yamhill

    What documents do I need?

    You’ll need to prove who you are and that you’re eligible. Make sure you’ve got your social security number and driver’s license.

    What are the fees?

    There are no late fees for auto loans on OnPoint Community Credit Union.

    How long does the loan process take?

    Applying is as simple as filling out your information, and should really take no time at all. Once your application has been accepted, you should receive your money within 10 working days.

    How to apply for an auto loan?

    You can apply online, via phone or in person.

    What payment methods are supported?

    You can pay a variety of ways, in person with cash or cheque, or using card or bank transfer online.

    Pros and Cons

    Pros

    • Member-owned and community-focused
    • Loyalty rewards for members.
    • Wide range of rates to suit various needs

    Cons

    • Eligibility is difficult to meet
    • Rates rise steeply the longer you’d like the loan for

    Is OnPoint Community Credit Union right for you?

    OnPoint Community is a solid company, with a proven track record of assisting locals financially. However, if you’d like a loan for a significant length of time, or don’t live in the Clark or Skamania areas, this may not be the organization for you.

    Allow me to recommend Carvana or the Consumer Credit Union. These groups offer more competitive rates when you’re looking at a long-term loan, have a simple online process, and are available nationwide. 

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