CU Saves

Just another PMD360 site

Visit Our WebsiteCall 877-647-0030Contact Us
g

Same car. Better financing.

Don’t have a promo code? Click Here!

Why choose PMD Credit Union?

PMD Credit Union, unlike a bank, is owned and governed by its members. We have many of the same services that banks have, and the safety that banks have as well. At PMD Credit Union, your money is insured by the National Credit Union Administration.

Benefits of PMD Credit Union:

  • Low loan rates
  • High savings rates
  • Excellent credit card rates
  • No account fees
  • Outstanding customer service
  • Convenience of network of credit union branches nationwide
  • Superior online services: online bill pay, mobile deposit and much more

Join PMD Credit Union today!

Stop by one of our branches or visit www.pmdcreditunion.com.

FAQs

Q. What factors affect auto financing decisions? Expand

A, There are a number of factors that financial institutions take into account: current rates, vehicle selection (age, mileage and cost), application information (income, time at current job, time at residence, etc.), credit history, down payment, amount you finance and length of financing contract.

Q. What does your credit score mean? Expand

A. Credit reporting agencies determine credit scores to help financial institutions predict risk. Scores usually fall between 350 and 850, and the higher the score the better your credit. The following variables determine your credit score: timeliness of previous and current payments, the length of your credit history, the type and amount of your debts and your public records.

Q. How do I find out the exact price of the car, car payments, interest paid, etc.? Expand

A. You do not want an approximation of what your car costs. Ask the financial representative to provide you with the exact amount or number of the following:

  • purchase price of the car
  • total amount being financed
  • annual percentage rate
  • total number of payments
  • exact amount of each payment
Q. Are there penalties for paying off my loan early? Expand

A. Ask the financial representative if paying the loan off early entails penalties. And ask if there are there any other extra charges that could occur during the term of the loan or "hidden charges''.

Q. What documents should I bring? Expand

A. All buyers should bring a state-issued drivers license and proof of current auto insurance.

Q. Will purchasing a car rebuild my credit? Expand

A. Yes! A car loan financed over time is one of the fastest ways to raise your credit score.

Why should I refinance my car loan?

The answer is simple, to save you money! Members usually finance to reduce their interest rate or reduce their monthly payment. In some cases, we can do both! One of the main reasons that people refinance their car loan is because interest rates are lower than when you purchased your car. Lower interest rates mean paying less interest, and even a percentage point or two can make a big difference over the life of a loan.

Another way refinancing saves you money is through reduced monthly payments. If your credit score has improved since you bought your car, refinancing is a great idea because a better credit score leads to better terms. If you need to reduce your monthly payment due to a financial setback, refinancing is also a great tool.
 
Another good time to refinance is when you think you got good terms when you purchased your car but you actually didn’t. Refinancing is wise when your car lease is expiring and you want to purchase the vehicle. Refinancing enables you to have the flexibility of changing the terms and payment options of the car loan. If your timing is right, you might be able to skip a month’s payment on your car depending on your closing date.
 
No matter what the reason is, if you can save money by refinancing your auto loan, do not hesitate.
Read more

 

Auto Refinance Calcultor

tv-add

From the Blog

New vs Used. Which is for you?

Buying a new car vs a used car is different for everyone. It’s more than price or value or that new car smell. It’s what feels best for you. New cars have obvious benefits like they are made … Read More

Use Your Home to Secure a Low-Interest Home Equity Loan

A home equity loan, sometimes called a term loan, allows you to borrow money against the value of your home, if your home is worth more than you owe on it.  It is a one-time lump sum of money … Read More

Rules of Home Buying

Owning your own home… it’s part of the American Dream. Whether you want a large yard with a white picket fence or a condo in the center of downtown, you’ve got to pay for it, and this is … Read More

The Best Way to Pay off Credit Card Debt

Credit card debt can take over your life before you even realize it, especially if you have more than one card. A shopping trip here and there or eating out a couple of times a week may seem … Read More

© Copyright 2023 PMD Credit Union | Powered By PMD Group

Equal Housing Lender NCUA