Hybrid and electric vehicle loan discount
A vehicle loan for eligible credit union members buying a 2017-or-newer hybrid or electric vehicle, with a 0.25 percentage point APR discount.
First U.S. lends you money to buy a new or used hybrid or electric vehicle from model year 2017 onwards. You repay the loan through payments that include interest. The discount reduces the annual percentage rate (APR) by 0.25 percentage points and is applied when the loan closes. Your actual rate depends on your credit rating, the amount borrowed and the repayment term.
The ordinary vehicle rate tables advertise repayment terms from 36 to 84 months, with different rates for new and used vehicles. Rates and offers can change, and mileage restrictions may apply. The separate Enterprise Car Sales discount cannot be combined with another rate discount or offer.
Phone loan payments have convenience fees of $5 using an ACH bank-account transfer or $12 using a debit card. Online loan payments cost $3 for either method. Under the membership agreement, the credit union can use funds in your accounts to cover debts you fail to repay, within legal limits. This pledge and lien do not apply to IRAs or other accounts that would lose special tax treatment by being pledged.
Eligibility
You must qualify for First U.S. membership through one of these routes:
- Live, work or worship in Sacramento, Placer, Nevada, El Dorado, Amador, Yuba, Yolo, Sutter, San Joaquin, Solano, Sierra or Contra Costa County in California.
- Be a federal employee in California, or a SAFEWAY employee in Northern California or Northern Nevada.
- Be an immediate family or household member of a current First U.S. member.
For a new membership account, the agreement requires valid government-issued photo ID and a Social Security card, and a clear ChexSystems record (the bank-account screening service). A manager may approve membership case by case with limited account access when additional identity verification is needed or a ChexSystems record exists. Membership requirements may include buying and keeping a minimum membership share or paying a fee under the credit union’s bylaws.
The vehicle must be a hybrid or electric model from 2017 or later. Approval and your rate depend on the credit assessment, amount financed and loan term; mileage restrictions may apply.
How to apply
- Status
- Open continuously
- Round restrictions
- Get pre-approved before choosing a vehicle; call First U.S. for assistance starting the process.[^c2][^c10][^c11]
- The discount applies at closing, subject to credit assessment and vehicle restrictions.[^c1][^c3][^c4]
Start by getting pre-approved before choosing your vehicle. For help starting the preapproval process on the official auto loan page, call First U.S. at (800) 556-6768 or (916) 347-9791. The Contact Center is available Monday–Friday, 9am–6pm, and Saturday, 9am–2pm, excluding holidays.