Scott Credit Union

Scott Credit Union has been offering flexible auto loans since 1943 and has over 140,000 existing members. Its services are only available to the southern third of communities in Illinois, along with a few counties in Missouri, or to anyone with family members in these areas.

Scott Credit Union
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    How do Scott Credit Union auto loans work?

    The auto loan rates at Scott Credit Union are definitely competitive, starting with rates as low as 2.49% APR,

    .with flexible repayment terms of up to 84 months, although the longer the term, the higher the rate.

    Credit score

    A credit report will be used to determine your rates and terms of the loan you receive from

    Scott Credit Union, but there’s no minimum score stated.

    Typically, the higher the score on your Credit Report, the better the rate you’ll receive on a loan.

    How Much Can You Borrow?

    As long as you’re eligible to become a qualified borrower, you’re able to receive 100% financing with no stated maximum.

    What types of vehicles are eligible for financing?

    Scott Credit Union’s auto loans cover automobiles, motorcycles, boats, recreational vehicles, jet skis, and all-terrain vehicles.

    How do I qualify?

    The Scott Credit Union has great rates and some of the best auto loans in Illinois.

    However, to be eligible you must live, or be related to someone who lives, in one of the following counties in Illinois and Missouri.

    • Monroe
    • Madison
    • St. Clair
    • Morgan
    • Sangamon
    • Calhoun
    • Greene
    • Jersey
    • Macoupin
    • Montgomery
    • Christian
    • Shelby
    • Bond
    • Fayette
    • Effingham
    • Jasper
    • Crawford
    • Clinton
    • Marion
    • Washington
    • Jefferson
    • Randolph
    • Perry
    • Franklin
    • Jackson
    • Williamson
    • St. Louis
    • St. Charles
    • St. Louis City

    What documents do I need?

    Make sure you’ve got the needed documents, namely your driver’s license, social security number, and proof of address in one of the above locations.

    What are the fees?

    According to previous borrowers, it seems that Scott Credit Union does charge late fees and

    is quite aggressive about recovering them, but the size of these are dependent on your specific loan.

    How long does the loan process take?

    It’s quick and easy to apply online, and the format makes things simple to comprehend.

    The website boasts a fast approval process; once filed and accepted, the money should take 2-5 business days to arrive in your account.

    How to apply for an auto loan?

    The only way to apply for auto loans is via the portal on the Scott Credit Union website.  

    However, if you’re struggling for any reason there’s a customer support number.

    What payment methods are supported?

    There are several payment methods that are possible, such as bank transfer, credit card,

    on the phone or in-person in a branch.

    Pros and Cons


    • Low interest rates
    • A trusted and well-rated company


    • Membership eligibility is location dependent

    Is Scott Credit Union right for you?

    Scott Credit Union offers great rates on almost every vehicle imaginable.

    The only real problem with this organization is that it only caters to people in quite a small and specific location.

    If you fall outside of this catchment area, a more major auto loan lender would be advisable.

    Some fantastic lenders with more relaxed eligibility criteria include Open Road and Capital One.