Credit union · NCUA insured
Formation Credit Union Auto Loan Rates
Formation Credit Union auto loans start at 3.15% APR for a new vehicle and 3.15% for a used one. Rates checked October 16, 2026.
How Formation Credit Union’s auto loan rates compare
Compared with banks and credit unions near Baton Rouge, LA, where Formation Credit Union has the most branches. New vehicle, lowest advertised APR first.
This credit union’s lowest
Formation Credit Union
3.15%APR
- Terms
- up to 72 months
Auto Loans
2nd-lowest rate
Baton Rouge City Parish Employees FCU
3.99%APR
- Terms
- up to 84 months
3rd-lowest rate
Geismar Complex Federal Credit Union
3.99%APR
- Terms
- up to 84 months
Formation Credit Union auto loan score
94
Auto loan score
Higher than 96% of U.S. banks and credit unions
- New vehicleNew3.15%
- Used vehicleUsed3.15%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Formation Credit Union ranks
By auto loan score, in each area where it has branches
Every rate
Current auto loan rates
Rates from the credit union’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
Auto Loans
For new and used autos. Max rate is 18.00%. New money only. Loan rates adjusted based on individual credit profiles. Finance up to 100% of purchase price, tax, title, license and service contracts.
| Terms | APR | Conditions |
|---|---|---|
| up to 36 months | 5.50% | Up to 3 years (36 months). For new and used autos. |
| up to 48 months | 5.75% | Up to 4 years (48 months). For new and used autos. |
| up to 60 months | 5.75% | Up to 5 years (60 months). For new and used autos. |
| up to 72 months | 6.25% | Up to 6 years (72 months). For new and used autos. |
| up to 84 months | 6.55% | Up to 7 years (84 months). For new and used autos. |
| up to 60 months | 2.95% | Special promotion: No payments for 90 days (interest accrues during the 90-day period). Up to 5 years (60 months). For new, used, or refinanced vehicles. |
| up to 72 months | 3.15% | Special promotion: No payments for 90 days (interest accrues during the 90-day period). Up to 6 years (72 months). For new, used, or refinanced vehicles. |
| up to 84 months | 4.40% | Special promotion: No payments for 90 days (interest accrues during the 90-day period). Up to 7 years (84 months). For new, used, or refinanced vehicles. |
Sources (3)
All captured Oct 7, 2026
Who can join Formation Credit Union
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