Spirit Financial CU

Spirit Financial Credit Union is a finance provider that offers a number of services including insurance, credit cards, and personal loans. However, one of its primary products is a range of auto loans. You must be a current or past worker for US steel, or a resident of Bucks County, Pennsylvania to apply.

Spirit Financial CU
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    How do Spirit Financial auto loans work?

    See how much you might be paying for your auto loan by using the rate slider on the home page.

    If you like the sound of the repayment terms and interest rates, you can fill in a pre-approval form in just a few minutes.

    Interest payments start from 3.49% and repayment terms can be up to 84 months.

    Credit Rating

    Spirit Financial doesn’t disclose the minimum credit rating required.

    You’ll have to apply directly to see if you’ll be accepted.

    In addition, there are no guarantees that no hard pull will be taken against your credit score.

    How Much Can You Borrow?

    You may borrow up to 120% of the National Automobile Dealer’s Association (NADA) value on the car.

    In theory, this means a potential six-figure loan, but in reality, it’s highly unlikely you’ll be approved at this rate.

    What types of vehicles are eligible for auto loan financing?

    Just about every type of car is covered across most major brands.

    You’ll be able to take out an auto loan on any new or used car.

    However, commercial vehicles aren’t covered.

    How do I qualify?

    You must be a resident in Bucks County, Pennsylvania, or be a family member of an existing credit union member.

    You may also join if you work, or have ever worked, for US Steel, which was the original sponsor group of Spirit Financial.

    You’ll also need a Spirit Financial savings account with a minimum deposit of $5.

    What documents do I need?

    You’ll need proof of identity, such as a passport or state ID.

    What are the fees?

    Credit unions are community organizations and tend to have very few fees in comparison to other auto loan lenders or banks.

    However, fee information isn’t given on the website and you’ll have to contact Spirit to confirm.

    How long does the loan process take?

    Pre-approval may take just minutes, however, Spirit doesn’t state how long the full loan process will take, or when the money may be in your account.

    How to apply for an auto loan?

    As long as you’re a member of the Spirit Financial credit union, you can get pre-approved in just a few minutes.

    To become a member, you’ll need a savings account with Spirit with a minimum deposit of $5. You can contact them directly for more details.

    What payment methods are supported?

    Usually, monthly payments will be taken from your bank account.

    Or, if you have an account with Spirit Financial, payments will be taken from there.

    Pros and Cons


    • Low interest rates for credit union members
    • Strong community feeling and good customer service


    • Only available in Buck County, PA
    • Upper interest rate limits not disclosed

    Is Spirit Financial right for you?

    Credit unions can be a good choice if you’re struggling financially.

    However, they’re limited to one local area and it can be difficult to get information without contacting them directly.

    If you want more flexibility and choice in an auto loan, you may want to start with Capital One or Carvana.