Michigan Residents Find Affordable Auto Financing with Low Loan Rates Offered by Local Credit Union, Reports Go Banking Rates

For those looking to buy a vehicle in the New Year, a local Michigan credit union is offering a low auto loan rate. This affordable option was uncovered by leading finance resource www.GoBankingRates.com in its latest survey of local and national banking rates.

January 15, 2013 – In its latest interest rates publication, Go Banking Rates is featuring the Peninsula Credit Union for its auto loan rate of 1.99% APR.  Working with a nonprofit-based financial group that makes its members a top priority, it’s easy to get good rates that help keep auto payments affordably low.

A shorter-term auto loan rate gives consumers a 1.99% annual percentage rate over a 24-month payment period, for any new or used car. For used autos, the credit union uses Kelley Blue Book values.

 In addition, members can benefit from:

• No down payments are required when financing with Peninsula Credit Union.
• Loan protection and disability insurance are also available for purchase.
• Pre-approval for a loan, eliminating the wait for financing when a good deal arises.

For borrowers, the credit union also offers on its website a car payment calculator — to configure financing into one’s budget — and an easy online loan application.

Serving its members for more than 71 years, the Peninsula Credit Union was established in 1941 as an occupational credit union. It has since grown from 231 members to over 11,000 members, with assets in excess of $100 million. More than just a banking institution, Peninsula CU is a financial partnership between all its members who reside or work in Delta, Menominee or Schoolcraft counties in Michigan.

For more information about Peninsula Credit Union and other local financial institutions in the state, visit www.MichiganBankingRates.com.

To learn more about this rate, please click here.

Other Terms and Conditions may apply. Interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Additionally, Go Banking Rates manually collects interest rates from local institutions to determine the most competitive offers in the area – featured banks and credit unions do not pay to be featured in rate alerts. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

About Go Banking Rates

GoBankingRates.com is a national personal finance website dedicated to connecting readers with the best interest rates on bank products nationwide. The Go Banking Rates team manually collects interest rate information from over 4,000 banks and credit unions, making their database the only source of comprehensive and authentic local rate data.

GoBankingRates.com is the national flagship site within a network of more than 1,500 banking domains, including local partner site MichiganBankingRates.com, which generate more than 2 million visits each month. Michigan Banking Rates is a locally-focused website dedicated to connecting Michigan readers with the best interest rates in the state on Certificates of Deposits, Savings Accounts, Auto Loans, Mortgages and more.