Look
in the
book!

1. The Credit Union has available The Original New Car Cost Guide book that is published once every two months by the Automobile Invoice Service (AIS). This book lists options and costs of most all the new vehicles and may save you both time and money.
2. We can "pre-qualify" you. Then, you can just write a check to the dealer and we will cover that check the next business day!

On new vehicles, the amount of money the Credit Union will lend is based on 95% of dealers cost plus taxes, warranty and transportation. The following minimum requirements must be met also:

1. LOANLINER Application on file (no more than 3 years old).
2. LOANLINER Credit Agreement on file (no more than 3 years old).
3. LOANLINER Advance Request Voucher and Security Agreement per each disbursement (long form).
4. Payback term not to exceed 72 months.
5. Current credit report that is acceptable.
6. Debt-to-income ratio not to exceed 50%.
7. Borrower must have proven stability of employment. EPB employees’ income can be verified by phone; non-EPB employee borrowers must have income verified in writing.

1. LOANLINER Application (new per each disbursement).
2. LOANLINER Credit Agreement (new per each disbursement).
3. LOANLINER Advance Request Voucher and Security Agreement (per each disbursement).
4. Payback term not to exceed 72 months.
5. New credit report with no ratings of R3/I3 or worse, no more than 3 disputed accounts allowed.
6. Debt-to-income ratio not to exceed 50%.
7. Borrower must have proven stability of employment. EPB employees’ income can be verified by phone; non-EPB employee borrowers must have income verified in writing.
8. Financing at 100% shall be defined as follows: The total purchase price of the vehicle less any dealer or manufacturer discounts, rebates on incentives, but not to exceed suggested retail price as stated in the AIS New Car Cost Guide, plus destination charges, warranty-if any, sales tax and title work.
9. Any automobile used as collateral shall have proper and adequate insurance to protect the credit union's interest and the borrower must maintain this insurance throughout the term of the note and have the credit union listed as "loss payee" on the policy. If the member fails to provide proper insurance, such coverage will be obtained through the CMCI Collateral Protection program.