Alameda County Credit Union Rates and Advice

Alameda County Credit Union rates and loan terms vary a lot. The significant interest rate spreads can cost you a lot of money. We therefore compared the rates of different Credit Unions to highlight savings potential and created our Alameda County Credit Union calculator.


You can fill out the Credit Union Contact Request form below and we’ll help save thousands of dollars by putting you in touch with the best Credit Union in Alameda County.

Alameda County Credit Union rates

Our Credit Union rate comparison tool compares the highest and lowest rate Alameda County Credit Unions offer based on FICO scores. The calculator allows you to adjust loan term, vehicle age, vehicle mileage range and optionally financing amount. Press on submit to update the table below:

Term of loan (months)
Vehicle year
Vehicle mileage
Amount financed (optional)
Alameda County
FICO Low High Savings
610 7.49% 14.49% $3,141
630 7.23% 11.49% $1,870
650 3.99% 8.49% $1,890
670 3.24% 6.49% $1,337
690 1.99% 4.24% $901
710 1.99% 4.24% $901
730 1.99% 4.24% $901
750 1.99% 3.18% $473
770 1.99% 3.18% $473
790 1.99% 3.18% $473
810 1.99% 3.18% $473

 

Savings potential for a customer with a 690 credit score

In Alameda County we find that a customer with a credit score of 690, who’s looking for a 60 months loan for his 2014 model year car with 15,000 miles, can save $901 by choosing the right Credit Union. The interest rates range from 1.99% to 4.24%.

Savings potential for a customer with a 610 credit score

The saving potential is even bigger if the customer has slightly challenged credit, e.g. a FICO of 610. In this case, the interest rates range from 7.49% to 14.49%, which translates into a saving potential of $3,141 over the course of 60 month – believe it or not!

You may be asking yourself: what does that mean for me?

What does that mean for me?

The interests of car dealers and consumers are misaligned (duh!). You can read this post to learn why you should never get your car loan at the dealership. Should you be in the market for a new / pre-owned car, we recommend focussing on getting the best deal on the car first.

Once you’ve found the right car, the dealer will introduce you to his financing manager. However, the financing manager’s salary is not paid by the car. The financing manager’s salary is to a large degree commission-based. He makes his commission by selling high-margin financing and insurance products.

The best loan for the consumer is therefore not (always) the best loan for the dealer. In fact, the loan that pays the dealer the highest referral fee may well be the worst loan for the consumer. Fortunately, you now know better and can either go to the dealership with a pre-approved Alameda County Credit Union loan or just take the loan the dealer suggests and refinance with a Alameda County Credit Union.

You may now be asking yourself: which Credit Union in Alameda County gives me the best rate?

Alameda County Credit Union calculator

Our Alameda County Credit Union calculator creates a list of Credit Unions which may be good choices in your next car purchase. The calculator allows you to adjust FICO, loan term, vehicle age, vehicle mileage range and optionally financing amount. Press on submit to update the table below:

FICO
Term of loan (months)
Vehicle year
Vehicle mileage
Amount financed (optional)
CU Rate Term Monthly
Coopera… 1.99% 60 $263
1st Nor… 2.24% 60 $264
CEFCU 3.24% 60 $271
Keypoin… 3.24% 60 $271
CommonW… 3.24% 60 $271
Patelco… 3.49% 60 $273
Meriwes… 3.74% 60 $274
NuVisio… 3.80% 60 $275
Golden … 3.99% 60 $276
My CU 3.99% 60 $276
Allianc… 4.24% 60 $278
Unify F… 4.24% 60 $278

 

As of today, Cooperative Center Credit Union provides the lowest rate of 1.99% vs. Alliance Credit Union with a rate of 4.24% for a consumer who has a FICO of 690, who’s looking for a 60 months loan for his 2014 model year car with 15,000 miles.

The monthly payment of the loan with 1.99% would be $263, i.e. you’d be saving $15 per month compared to the 4.24% loan.

Which Credit Unions serve Alameda County?

The charters of Credit Unions vary both with regard to loan terms (see above) as well as membership eligibility. We researched the following three main resources to get an as good as possible understanding of the respective charters of the Alameda County Credit Unions:

Unfortunately, not all the Alameda County Credit Unions publish their rate-sheets. Therefore, we couldn’t include all of them in our Alameda County Credit Union calculator, yet.

We’re continuously adding Credit Unions to our database and currently have included interest rate information and membership eligibility criteria on the following ones:

 

How to get the best auto loan rate in Alameda County?

We’ve been helping hundreds of customers like you get in touch with the best Credit Union. Fill out the Credit Union Contact Request form below and we’ll help save thousands of dollars by putting you in touch with the best Credit Union in Alameda County.





Leave a Reply

Your email address will not be published.