Credit union · NCUA insured
Michigan Educational Credit Union Auto Loan Rates
Michigan Educational Credit Union auto loans start at 4.99% APR for a new vehicle and 4.99% for a used one. Rates checked October 5, 2026.
How Michigan Educational Credit Union’s auto loan rates compare
Compared with banks and credit unions near Detroit, MI, where Michigan Educational Credit Union has the most branches. New vehicle, lowest advertised APR first.
This credit union’s lowest
Michigan Educational Credit Union
4.99%APR
- Terms
- up to 60 months
- Discount
- None included
2026 - 2001 Automobiles (100% Financed)
Lowest rate
Chief Financial Credit Union
3.99%APR
- Terms
- —
- Discount
- None included
2nd-lowest rate
FreeStar Financial Credit Union
3.99%APR
- Terms
- up to 60 months
- Discount
- Included in the rate
Michigan Educational Credit Union auto loan score
83
Auto loan score
Higher than 62% of U.S. banks and credit unions
- New vehicleNew4.99%
- Used vehicleUsed4.99%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Michigan Educational 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.
2026 - 2001 Automobiles (100% Financed)
Rates include a 0.25% discount for direct deposit and may vary based on credit history. 100% financing available with no application fees. 2025 and 2026 college/trade school graduates and active/retired military service members can save 0.25% off current auto loan rates.
| Terms | APR | Conditions |
|---|---|---|
| up to 36 months | 4.49% | Rate includes a 0.25% discount for direct deposit and may vary based on credit history. |
| up to 48 months | 4.74% | Rate includes a 0.25% discount for direct deposit and may vary based on credit history. |
| up to 60 months | 4.99% | Rate includes a 0.25% discount for direct deposit and may vary based on credit history. |
| up to 72 months | 5.24% | Rate includes a 0.25% discount for direct deposit and may vary based on credit history. |
| up to 84 months | 5.49% | Rate includes a 0.25% discount for direct deposit and may vary based on credit history. |
Sources (1)
- michedcu.org/auto-loans · captured Sep 24, 2026
Classic Cars (25 years and older)
Applicable for vehicles 25 years and older. Minimum loan amount $10,000. Rates include a 0.25% discount for direct deposit and may vary based on credit history.
| Terms | APR | Conditions |
|---|---|---|
| up to 48 months | 8.00% | Minimum loan amount $10,000. Rates include a 0.25% direct deposit discount and may vary based on credit history. |
Sources (1)
- michedcu.org/auto-loans · captured Oct 5, 2026
Who can join Michigan Educational Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone who lives, works, worships, or attends school anywhere in the State of Michigan.
Military, government and schools
- Membership is available to employees and retirees of educational institutions located in Wayne, Washtenaw, Oakland, Macomb, Livingston, and Jackson counties.
Family and household
- Membership is available to immediate family members of eligible members and family members (relatives by blood or marriage) of members.
Cost to join
- A $1 membership fee is required upon opening a membership account.
- An initial share deposit of $5 is required to open a membership account.
Membership information collected October 5, 2026.