Spokane Teachers Credit Union

The Spokane Teachers Credit Union began in 1934 with just $4,000, a bell, and a shoebox. It used the bell so that customers could alert the second story business of their presence, and a shoebox to store the cash. STCU now has over 710 employees and more than 204,000 members.

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    How do Spokane Teachers Credit Union auto loans work?

    The auto loans available at Spokane Teachers Credit Union are reasonably priced, starting at 2.99% for any vehicle made after 2013.

    Credit score

    Your rate can end up being higher depending on credit score, vehicle year, and the loan term that you select. However, even if your credit rating is quite poor, you won’t be turned away.

    How much can you borrow?

    You’re able to finance the entire shelf value of your new vehicle at the Spokane Teachers Credit Union.

    What types of vehicles are eligible for financing?

    The auto loans cover most cars, trucks, vans, and SUVs. If you’d like to cover an RV you must take out a different kind of loan.

    How do I qualify?

    There are many ways to qualify for STCU membership, which are as follows:

    • You live, work, worship or attend school anywhere in the following:
      • Benewah
      • Bonner
      • Boundary
      • Kootenai
      • Latah
      • Lewis
      • Nez Perce
      • Shoshone
      • Washington State
    • You’re related by blood, marriage or adoption to anyone who meets the eligibility requirements.
    • You’re a college student attending in the state of Washington or any of the North Idaho counties listed above.
    • You work for an STCU affiliated business (find a full list on the website).

    What documents do I need?

    The only things you’ll need are your social security number, driver’s license, vehicle information, and proof of eligibility.

    What are the fees?

    According to the website, there are no late payment fees. What's more, rates for auto/truck and recreational vehicle loans include a .25% discount for having an STCU Credit Card in good standing.

    How long does the loan process take?

    The online process is a little more complex than on the average money lender’s website, but filling in your details should only take ten minutes.

    How to apply for an auto loan?

    You can apply online or go into one of STCU’s branches.

    What payment methods are supported?

    You can pay online by using a credit card or a bank transfer, or in a branch using electronic, cash, or cheque payments.

    Pros and Cons


    • Discount with STCU credit card
    • Competitive rates
    • Take a loan with any credit rating


    • The stipulations to become a member are quite specific
    • The application process is lengthier than usual

    Is Spokane Teachers Credit Union right for you?

    This lender offers reasonable rates on auto loans, although they aren’t the best auto loans online. However, with discounts and customer service, this could be a great organization to join. The problem is that most of us won’t pass the stringent entry requirements, though.

    If this applies to you, consider Capital One. It has slightly better rates, the same level of commitment to customers, and a much wider service area.