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Secured Loans

We offer great rates on loans for automobiles, boats, recreational vehicles, motorcycles, snowmobiles, trailers and more!

You can now make loan payments using Remote Deposit Capture on our mobile app.

 4.59% Loan at Bank3.99% Loan at Route 31 Credit Union
Balance Owed$14,000$14,000
Loan Term Remaining36 month36 month
Total Cost w/ Interest$15,013$14,877
Monthly Payment$417.03$413.28

Loan Checklist

  • Proof of Income (2 recent paystubs dated within 30 days)
  • Social Security Award Letter or Bank Statement
  • Pension Award Letter or Bank Statement
  • Proof of Insurance
  • Bill of Sale of Purchase Agreement
  • Copy of Title (if private party purchase)
  • Vehicle Options & Mileage

Refer-A-Friend

Members that refer a friend to open an account and finance a loan at Route 31 Credit Union will receive $20 (person referred must be a new member).

Ask an associate for details.

Skip-a-pay

Skip your loan payment for one month! You can skip one loan payment, per loan, per calendar year on eligible loans. For more information and to apply, click the link below.

Shared Secured Loans

A share secured loan uses your money in savings as collateral for our lowest interest rate loan.

Extended Vehicle Service Contract

Route 31 Credit Union members often face unexpected vehicle repairs, or keep their vehicles longer than their manufacturer’s warranty covers.

Because a vehicle is the most important asset next to a home, Route 31 Credit Union is now offering Extended Vehicle Service Contracts through Vision Warranty Corporation for your auto, truck, or van. Get peace of mind and protection against expensive, unexpected automotive repair costs when you purchase an Extended Vehicle Service Contract.

Buy an Extended Vehicle Service Contract for less than the cost at most dealerships and enjoy:

  • Coverage of most major components in the event of a breakdown
  • No-hassle Direct Payment: no reimbursement forms
  • A one-time premium that may be financed along with your vehicle

Put the brakes on expensive car repairs. A factory warranty may not be enough. Most major repairs occur after the manufacturer’s warranty expires. Consider adding an extended vehicle service contract to your loan. Coverage obtained through the Credit Union may save you money when compared to dealer plans.

How do you get an Extended Vehicle Service Contract?

Contact Route 31 Credit Union or call Auto Exam toll free (800) 709-5792 or visit www.autoexam.com for more information on the Vision Warranty Program provided by Auto Exam.

GAP Waiver

You’ve just financed your dream car.

Before you drive away, consider this:

  • The car began depreciating immediately.
  • One in three Americans will suffer the total loss of a vehicle.
  • One in every 20 drivers will experience an unrecovered theft.


Vehicle prices continue to increase and at the same time we want longer loan terms and are making smaller down payments. It’s typical for a vehicle’s outstanding loan balance to be significantly higher than its actual cash value, especially during the first few years of the loan.

If your vehicle is totaled or stolen, your insurance settlement will be based on its actual cash value, not the outstanding loan balance. This may create a deficiency balance or a “gap”.

We have the product that will prevent you from incurring a financial loss…Guaranteed Asset Protection (GAP). This product eliminates the potential for loss in the event your vehicle is totaled or stolen.

Without GAP you are liable for the deficiency balance.

CARFAX™

We offer CARFAX reports at a discounted price to members.
Order a CARFAX vehicle report through us for $23.99 (regular price is $39.99).