Hanscom FCU is a full service financial institution based on Hanscom Air Force Base in Massachusetts. The credit union operates seventeen branches throughout eastern Massachusetts. Hanscom Federal is the sixth largest credit union in the state, controls more than $1 billion in assets, and has been operating continuously for more than 60 years.
Auto Loans from Hanscom Federal
Hanscom FCU has many auto loan options available for private owners and corporate fleets. Borrowers can see interest rates as low as 1.74 percent on new or used car loans and terms can be as long as 84 months. Hanscom will approve loans for vehicles with a loan-to-value ratio of up to 120 percent and serves a wide variety of credit scores. Terms and rates are quoted as of 10-1-2014.
Hanscom offers two ways to have your auto loan interest rate reduced. The first is to allow your monthly car loan payment to be automatically deducted from a Hansom Federal Credit Union checking account. The other is to be an active duty member of the U.S. Military (Army, Navy, Air Force, Marines, Coast Guard, National Guard or Active Reserves). In either case, you can earn a 0.25 percent discount on your interest rate.
While Hanscom Federal is willing to offer auto loans to a wide range of credit scores, you will be subject to certain pre-loan requirements. These requirements will include, but may not be limited to: having a valid driver’s license, proof of employment, proof of insurance for the vehicle being considered, and you must submit to a credit check.
Hanscom Federal Credit Union was founded in 1953 with the vision to help members and their families succeed financially. Today, the credit union’s mission is to:
”Uphold its fundamental responsibility to actively serve our field of membership and, as appropriate, the communities we serve. We will offer a range of competitively priced products and services to meet the diverse economic and social needs of our members and potential members.”
If your interested in becoming a member or applying for a car loan, you can visit their website (https://www.hfcu.org) or you can call member services at 1-800-656-4328. International callers can dial 1-781-698-2000. If you need to send information through the mail, the address is:
Hanscom Federal Credit Union
1610 Eglin Street
Hanscom AFB, MA 01731