Sheridan Community Federal Credit Union

Sheridan Community Federal Credit Union started with just seven individuals coming together in 1941. Today it’s a much larger operation, offering all sorts of personal and business loans, but still caters to the residents of Sheridan, WY.

lendingclub auto loans
Best for
4 /5
$ /mo
Starting Price
Visit Site
Table of Contents

    How do Sheridan Community Federal Credit Union auto loans work?

    The auto loan rates for new cars at Sheridan Community Federal Credit Union are quite reasonable, starting at 3.75% for 24 months and 4.5% for 72 months.

    A used car’s rate will fall somewhere between 3.75% and 4.25%.

    Credit score

    These rates are based upon someone who has a credit rating of 740 or higher. If you fall much below this, your rate may rise significantly, or be denied.

    How much can you borrow?

    When taking an auto loan with Sheridan Community Federal Credit Union you’re welcome to borrow up to the entire market price of the new vehicle.

    What types of vehicles are eligible for financing?

    You can use the best auto loans from Sheridan Community Federal Credit Union to cover cars, trucks, motorcycles, recreational vehicles, and boats.

    How do I qualify?

    There are some rather specific qualifications that you must have in order to gain membership at the Sheridan Community Federal Credit Union, namely:

    • You live, work, worship, or attend school in, and businesses and other legal entities located within Sheridan County, Wyoming
    • You were a member of record of Sheridan Community Federal CU as of May 14, 1998
    • You’re the spouse of someone who died while within the field of membership of this credit union; an employee of this credit union; an immediate family member of someone in the field or membership; or part of an organization in our field of membership.

    What documents do I need?

    You’ll have to prove who you are, and your ability to drive, along with how you’re eligible for membership.

    What are the fees?

    Most credit unions won’t charge late fees, and it seems as though the Sheridan Community Federal CU follows this. However, you must always check the fine print to avoid unexpected charges.

    How long does the loan process take?

    The website itself says that the application process shouldn’t take more than five minutes.

    How to apply for an auto loan?

    It’s possible to go into a branch and take out an auto loan, but there isn’t really a need to do this, as the online process is so simple.

    What payment methods are supported?

    If you go in person, you can make payments using cash. However, the usual route would be to use a bank transfer or credit card online.

    Pros and Cons


    • Attractive rates
    • Customer-centric motivation
    • Most vehicles covered


    • It has a tight eligibility spectrum
    • Poor credit will affect your rates

    Is Sheridan Community Federal Credit Union right for you?

    The Sheridan Community Federal Credit Union has some fairly reliable and effective offers, but the unfortunate downside is that membership isn’t particularly accessible. 

    If you’re looking for a national lender that can provide the same attractive rates or better, I would advise you to check out Capital One, where low rates are available nationwide.