Widget Federal Credit Union

Widget Federal Credit Union is a well-respected Erie-based lender and has over 36,000 local members. It was formed in 1936 when a small group of General Electric employees discussed the desire to form a credit union, and has now grown to become the sizable organization that it is today.

Widget Federal Credit Union
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$ /mo
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    How do Widget Federal Credit Union auto loans work?

    Unfortunately, it has some steeper rates for auto loans than other unions, starting at 3.99% for up to 63 months, and as much as 5.29% for 84 months.

    Credit score

    You’ll be subject to a credit rating approval, and your interest rate will be based on your creditworthiness.

    How Much Can You Borrow?

    It’s possible to finance any new vehicle up to 100% of its sticker price, along with tax, title, warranty, and other associated costs.

    What types of vehicles are eligible for financing?

    The best auto loans at Widget Federal Credit Union cover most cars, vans trucks, and SUVs. However, if you want to cover a boat, motorcycle, or other ways of getting around, you must take a different type of credit called a ‘toy loan’.

    How do I qualify?

    The Widget Federal Credit Union states that as a not-for-profit organization, it works diligently to satisfy a variety of financial needs of the community.

    Therefore, the only qualification needed is that you must live, work, worship, volunteer, or attend a school or regularly conduct business in the Erie or Crawford counties.

    What documents do I need?

    You must be able to prove that you’re eligible by living or working in the area, and so be sure to prepare some documents that show this.

    You’ll also need your driver’s license and your social security number.

    What are the fees?

    It isn’t stated that there are any late fees to consider, but you should always be sure before taking out a loan. There’s a $5 fee for expediting your loan payment if you’d prefer.

    How long does the loan process take?

    Applying online is a series of forms that shouldn’t take too long to fill out, provided you’ve got all the necessary information. You can pay a small fee to expedite the process once you’re approved.

    How to apply for an auto loan?

    The best way to apply would be to follow the instructions on the website, but there’s a customer service department that could talk you through things.

    What payment methods are supported?

    Payment can be made by bank transfer, credit card, and by phone, but for a small fee.

    Pros and Cons


    • Non-profit organization puts the customer first
    • Convenient mobile banking platform


    • The rates are a little expensive

    Is Widget Federal Credit Union right for you?

    If you’re from the Erie or Crawford area then you may well consider taking a reliable loan from the Widget Federal Credit Union, although you might pay a little more than you prefer.

    If outside of this area, or you’re looking for more affordable options, you’d probably be better off checking out Consumer Credit Union or Open Road, both of which are more widely available and have competitive prices.