Electric and hybrid vehicle loan
Finance an electric or hybrid vehicle, with an optional home charging station, if you qualify for Community West Credit Union membership.
Tämän rahoitusmahdollisuuden kuvaus on toistaiseksi englanniksi.
Community West Credit Union lends you money for an electric or hybrid vehicle, which you repay with interest over the agreed term. You can ask to include a home charging station in an electric vehicle loan.
For model years 2022–2026, advertised annual percentage rates (APRs) start at 5.30% for 36, 48 or 60 months, 5.55% for 72 months and 6.30% for 84 months. For model years 2016–2021, starting APRs are 6.05% for 36, 48 or 60 months, 6.30% for 72 months and 7.05% for 84 months. These rates were listed as accurate on 10 October 2026, can change and may be higher for your application. For vehicles with more than 100,000 miles, the rate increases by 0.50 percentage points. The lender gives a repayment example of $30.11 per $1,000 borrowed over 36 months at 5.30% APR.
A separate loan for an electric bicycle or home charging station has terms of 12–60 months and an advertised APR starting at 10.00%, subject to change and your application. Its repayment example is $21.25 per $1,000 borrowed over 60 months at 10.00% APR.
Eligibility
You must qualify for credit union membership. Individuals qualify through any of these routes:
- You live, work, worship or attend school in Allegan, Barry, Ionia, Kent or Ottawa counties, Michigan.
- You are over 55, receive a retirement annuity, pension or Social Security benefits, and either live in one of those counties or belong to a retirement organization operating there, such as AARP.
- You are an immediate family member of a current Community West Credit Union member.
Opening membership requires a minimum $5 deposit in a regular savings account, representing your ownership share in the credit union. Loan approval is subject to review, and the lender can request additional documentation. Certain loans may have additional requirements.
How to apply
- Tila
- Jatkuva haku
- Hakukierroksen ehdot
- Membership eligibility and lender approval apply.
Apply through Community West Credit Union’s online loan application. Both members and nonmembers can submit a loan request. For an auto loan, prepare an unexpired government photo ID, income and employment information, and your mortgage or rent payment information. Vehicle details, including year, make, model, style, mileage and VIN, can help the lender process your request.
Nonmembers should also prepare their Social Security number, mother’s maiden name, proof of their current address if their ID shows a different address, and the $5 savings deposit for membership. The checklist accepts a utility or telephone bill, vehicle or voter registration, or lease agreement as address evidence. Additional documents may be requested and are subject to credit union review. For help, call Community West Credit Union on 616-261-5657 or visit a branch.