Alabama Telco Credit Union is a multi-service financial institution operating throughout Alabama. Alabama Telco offers a full range of services including auto loans, mortgages, youth savings programs, certificates of deposit, and small business loans. The headquarters of Alabama Telco Credit union is located at 1 Riverchase Pkwy South, Hoover, AL 35244.
Car Loans from Alabama Telco Credit Union
Alabama Telco Credit Union offers a wide variety of auto loan options to individuals and businesses. The credit union’s flexible auto loans offer you the ability to be pre-approved online, select auto-pay, finance a vehicle more than seven years old, or choose extended loan terms on vehicles that exceed $25,000. Alabama Telco also offers an interest rate discount if you purchase a vehicle that is fuel-efficient. Buying a vehicle rated in excess of 25 mpg in the city will garner you a 0.25 percent interest rate discount.
Private individuals and businesses alike can apply for an auto loan through Alabama Telco by visiting their online application page or by visiting any of their seventeen locations. Alabama Telco has a reputation for considering a wide range of credit scores and histories, as well as its low interest rates; however, potential borrowers must have all of the standard identification and verification information available. These include a driver’s license, proof of employment, and proof of insurance. Additionally, you will need to submit to a credit check. If you do not meet lending guidelines that Alabama Telco has in place, you may be required to pay an other-than-prime interest rate or your loan may be denied.
Alabama Telco Credit Union also offers a ”no payment for 90 days” option to borrowers with high credit scores. The lender does caution that interest begins to accrue from the day the loan documents are signed.
Alabama Telco Credit Union was founded in 1934 with a vision to offer the employees and families of Southern Bell assistance in ”maintaining good credit and offering them a systematic plan of saving.” That vision has not changed. Alabama Telco offers its more than 62,000 members financial advice as well as budgeting tips and retirement planning sessions.
If you would like more information about Alabama Telco Credit Union auto loans or any of the other services they offer, you can visit their website. (https://www.alatelco.org/) You may also contact a customer service representative by calling 1-800-874-8010. Additionally, you may contact the credit union by mail at:
Alabama Telco Credit Union
P.O. Box 360287
Birmingham, AL 35236-0287