Credit union · NCUA insured
Novation Credit Union Auto Loan Rates
Novation Credit Union auto loans start at 4.99% APR for a new vehicle and 5.49% for a used one. Rates checked October 16, 2026.
How Novation Credit Union’s auto loan rates compare
Compared with banks and credit unions near Minneapolis, MN-WI, where Novation Credit Union has the most branches. New vehicle, lowest advertised APR first.
This credit union’s lowest
Novation Credit Union
4.99%APR
- Terms
- 37–60 months
- Discount
- None included
New and Used Vehicles Auto Loan
Lowest rate
Magnifi Financial
3.99%APR
- Terms
- —
- Discount
- Included in the rate
2nd-lowest rate
St. Paul Federal Credit Union
4.29%APR
- Terms
- up to 60 months
- Discount
- None included
Novation Credit Union auto loan score
80
Auto loan score
Higher than 52% of U.S. banks and credit unions
- New vehicleNew4.99%
- Used vehicleUsed5.49%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Novation 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.
New and Used Vehicles Auto Loan
Rates are based on model years 2021 – 2026. Rates vary and are determined by credit history, age of collateral and length of the loan. Maximum term may vary on vehicle model year and mileage. Rate does not apply to refinancing an existing Novation auto loan.
| Terms | APR | Conditions |
|---|---|---|
| up to 36 months | 4.49% | Model years 2021 – 2026. Monthly payment example $594.85 based on a $20,000 loan and maximum loan term. |
| 37–60 months | 4.99% | Model years 2021 – 2026. Monthly payment example $377.33 based on a $20,000 loan and maximum loan term. |
| 61–72 months | 5.24% | Model years 2021 – 2026. Monthly payment example $324.33 based on a $20,000 loan and maximum loan term. |
| 73–84 months | 5.49% | Model years 2021 – 2026. Monthly payment example $287.31 based on a $20,000 loan and maximum loan term. |
Older Vehicles Auto Loan
Rates are based on model years 2020 or older. Rates vary and are determined by credit history, age of collateral and length of the loan. Maximum term may vary on vehicle model year and mileage. Rate does not apply to refinancing an existing Novation auto loan.
| Terms | APR | Conditions |
|---|---|---|
| up to 36 months | 4.99% | Model years 2020 or older. Monthly payment example $599.33 based on a $20,000 loan and maximum loan term. |
| 37–60 months | 5.49% | Model years 2020 or older. Monthly payment example $381.93 based on a $20,000 loan and maximum loan term. |
| 61–72 months | 5.99% | Model years 2020 or older. Monthly payment example $331.36 based on a $20,000 loan and maximum loan term. |
Who can join Novation Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Open to anyone
- Membership is open to anyone who supports the Novation Foundation with a minimum $10 donation.
Where you live or work
- Membership is open to individuals who live, work, go to school, or worship in 11 specified Minnesota counties.
Employers and groups
- Employees and retirees of 3M are eligible for membership.
- Employees and retirees of CHS are eligible for membership.
- Employees and retirees of Land O'Lakes are eligible for membership.
- Employees and retirees of Solventum are eligible for membership.
1 more way to join
Family and household
- Family members of current Novation members are eligible for membership.
Cost to join
- Membership requires a minimum opening deposit of $5 into a Primary Savings account, which is withdrawable if membership is discontinued.
Membership information collected October 4, 2026.