What credit union is the best for car loans in Canada?
Choosing the best credit union for a car loandepends on several factors, including interest rates, loan terms, customer service, and additional benefits.
Consider any additional features or benefits, such as loan protection plans, eco-friendly vehicle discounts, or financial education resources. Ensure you meet the membership requirements of the credit union. Some credit unions have specific eligibility criteria based on location, employment, or affiliations.
Here are some of the top credit unions in Canada known for offering competitive car loans:
- Coast Capital Savings
- Meridian Credit Union
- Vancity Credit Union
- Servus Credit Union
- Desjardins Credit Union
Personal loan calculations for 1 year (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 20,000 | 7.80% | 845 |
| 20,000 | 10.80% | 1,170 |
| 20,000 | 13.80% | 1,495 |
| 50,000 | 8.00% | 2,167 |
| 50,000 | 11.00% | 2,979 |
| 50,000 | 14.00% | 3,792 |
| 100,000 | 8.20% | 4,442 |
| 100,000 | 11.20% | 6,067 |
| 100,000 | 14.20% | 7,692 |
| 200,000 | 8.40% | 9,100 |
| 200,000 | 11.40% | 12,350 |
| 200,000 | 14.40% | 15,600 |
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Details of companies offering the financial services:
East Coast Credit Union
Head office’s address: Antigonish, NS, Canada, Nova Scotia
Contact center: 866-230-7700
Web-site: https://www.eastcoastcu.ca/Home/
Servus Credit Union
Head office’s address: 51 Karl Clark Rd NW, Edmonton, AB
Contact center: 877-378-8728
Web-site: https://www.servus.ca/
Windsor Family Credit Union
Head office’s address: 3000 Marentette Ave (Corporate & Administration Office), Windsor, ON
Contact center: 519-974-3100
Web-site: https://mywfcu.ca/