Credit union · NCUA insured
Somerville's Credit Union Auto Loan Rates
Somerville's Credit Union auto loans start at 5.99% APR for a new vehicle and 6.99% for a used one. Rates checked October 15, 2026.
How Somerville's Credit Union’s auto loan rates compare
Compared with banks and credit unions near Boston, MA-NH, where Somerville's Credit Union has the most branches. New vehicle, lowest advertised APR first.
This credit union’s lowest
Somerville's Credit Union
5.99%APR
- Terms
- up to 72 months
New Vehicle Loans 2024 - 2026
Lowest rate
Chelsea Employees Federal Credit Union
3.99%APR
- Terms
- up to 72 months
2nd-lowest rate
Hanscom Federal Credit Union
3.99%APR
- Terms
- up to 66 months
Somerville's Credit Union auto loan score
64
Auto loan score
Higher than 11% of U.S. banks and credit unions
- New vehicleNew5.99%
- Used vehicleUsed6.99%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Somerville's 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 Vehicle Loans 2024 - 2026
Qualified borrowers may get up to 110% financing of MSRP (sticker price). Flexible repayment terms up to 84 months.
| Terms | APR | Conditions |
|---|---|---|
| up to 84 months | 7.99% | $30,000 min for 72–84 mos; $80,000 maximum |
| up to 72 months | 5.99% | — |
Used Vehicle Loans 2019 - 2020
Financing for up to 100% of book value on qualifying used vehicle. Repayment terms extend up to 72 months.
| Terms | APR | Conditions |
|---|---|---|
| up to 72 months | 7.99% | $30,000 min for 72 mos; $40,000 maximum |
Used Vehicle Loans 2021 - 2023
Financing for up to 100% of book value on qualifying used vehicle. Repayment terms extend up to 72 months.
| Terms | APR | Conditions |
|---|---|---|
| up to 72 months | 6.99% | $30,000 min for 72 mos; $60,000 maximum |
Who can join Somerville's Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of Cambridge Elder Services, or individuals related to past or present employees of Cambridge Elder Services, are eligible to join.
- Members of the Somerville Garden Club are eligible to join.
- Employees of UNITE HERE NEJB, or individuals related to past or present employees of UNITE HERE NEJB, are eligible to join.
Military, government and schools
- Employees of The City of Somerville, as well as individuals related to past or present employees of The City of Somerville, are eligible to join.
- Employees of Somerville Housing Authority, or individuals related to past or present employees of Somerville Housing Authority, are eligible to join.
Family and household
- Immediate family members of eligible members are eligible to join.
Cost to join
- A minimum deposit of $25 in savings is required to open an account.
Membership information collected October 5, 2026.