Financial Tips

Did You Know… Auto Loans

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on
March 20, 2019

An automobile is a major investment. Just think about it: In the last 10 years, have you bought anything that costs more than a car? A house or your kid’s education, maybe. Yet, unlike a house, a car is not going to appreciate in value; and unlike an education, a SUV is not going to increase your offspring’s earning potential.

Negotiating a good price on your car can be stressful but arranging for a good deal on your loan might not have to be. When they think of car loans, most people think of banks and dealer financing – but a credit union may offer the best, most flexible terms and the fastest loan process that’s available to you.

If you’re in the market for a new vehicle, stop by TFCU before you shop to see what we have to offer you! Did you know that at TFCU:

•             There are no requirements when applying for an auto loan at TFCU. As long as you are or qualify to be a member at TFCU, you can apply at any time!  

•             You’re offered a competitive rate and we offer many services including GAP protection, which helps protect your investment in the event of a total loss.

•             An Extended Warranty service is available which can be added to the principal balance of the loan and is often less expensive than purchasing it at the dealership.

•             Financing is available on vehicles that are 8 years old or newer.

•             You can refinance your loan from another institution! Refinancing your vehicle loan can lead to a lower monthly payment, a shorter term, or both! It depends on a wide range of factors, including the value of your vehicle, how much you owe on your current loan, and your credit standing. If any of these factors have changed since you bought your car, you owe it to yourself to check out your refinancing options.

Why pay more for the same quality service? Dealers tend to have a smaller range of lenders with whom they work exclusively. Those lenders know they have limited exposure to competition, so they can charge slightly higher fees and interest rates. By doing your own comparison shopping, you can save a bit on both the loan and any ancillary insurances or warranties you may have purchased.

Need more info? Ready to apply for an auto loan? Visit www.tauntonfcu.com/auto or call us at (508) 824-6466 for more information or to apply today!

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At TFCU, we are committed to offering an extensive range of products and services designed specifically with you in mind! We want to make your banking experience as easy as possible by giving you convenient access to manage your accounts on the go, all while providing you with the latest and greatest banking technology.

In addition to banking products & services, TFCU has several affiliate companies known as Credit Union Service Organizations! These companies allow us to offer Insurance Services, Financial Services & Real Estate Services to our members.

TFCU membership is available to anyone who lives, works, worships or attends school in Bristol County, Massachusetts; Bristol, Kent, Newport and Providence counties in Rhode Island; and the Rhode Island towns of Charlestown, Exeter, Hopkinton, Narragansett, New Shoreham, North Kingstown, Richmond and South Kingstown. Membership is also open to immediate family members of existing members.

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  • It’s #EarthDay! We at TFCU are committed today and every day to work towards reducing our carbon footprint and reduce our impact on the environment. We’re proud of the work we’ve already done, including an internal recycling program, converting all lighting to LED and assessing our heating and air conditioning usage, but there’s more that can be done! 
In addition to the internal programs, we’re always looking for ways to assist our members in reducing their impact on the environment as well. We’re proud to offer many paperless options including eStatements, eNotices, Mobile Deposit and Online Banking, which give you convenient access to your accounts while cutting down on paper usage. It’s our way of helping you help the environment in an easy way! 
If you’re a TFCU member, today’s the perfect day to enroll in our paperless options. If you wish to enroll in eStatements or eNotices, please click here --> rebrand.ly/eservices

If you’d like to learn more about all of our Convenience options, please click here --> https://tauntonfcu.com/accounts-services/convenience/ ——————————————————————
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  • “When I went to TFCU to open an account they were very helpful! The staff made sure I had the right account that suited my needs. Now I am saving money in case of an emergency. Thank you TFCU!” Submitted by Jennifer, TFCU member since 2017!
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If you would like to share your #TFCUstory with us, please use the hashtag #TFCUstory. We’ll select our favorites to share on our social media channels! 
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#tfcu #tauntonfederalcreditunion #creditunion #creditunions #creditunionsrock #creditunionlife #credituniondifference #creditunionfamily #creditunionlove #creditunionsgiveback #creditunionmovement #creditunionshavemorefun #banking #bankinglife #bankingmadeeasy #financialfreedom #financial #financialplanning #financialliteracy #financialwellness #mobilebanking #financialinstitution #savings #saving
  • April is Financial Literacy month and as they say, knowledge is power, which is especially true in the world of finance. Financial security means planning for the day when you can’t work anymore. 
Financial success is all about taking an active role in thinking about that future. There are a few concrete steps you can take now to put yourself ahead of the game.

Without knowing the basics of financial literacy, it is hard to make financially responsible decisions with your hard-earned money and could lead to great costs against your wallet.

This month TFCU will be helping you understand some essential financial terms and tips to put you on the path to financial success!

A very big thank you goes to our incredible staff who helped make this video possible!
  • Our staff is dressed down today to celebrate the Red Sox' first home game of the season! ⚾️ All proceeds from today’s Dress Down Friday will be donated to the Jimmy Fund! Go Sox! ⚾️ ——————————————————————
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  • “When I decided at 50 I wanted to go to college, I went to my local branch to apply for a loan. The staff at the Middleboro branch helped me and I got to check something off my bucket list! Thank you to them all!”
Submitted by Cheryl, TFCU member since 2014!
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If you would like to share your #TFCUstory with us, please use the hashtag #TFCUstory. We’ll select our favorites to share on our social media channels! 
_____________________________________________________

#tfcu #tauntonfederalcreditunion #creditunion #creditunions #creditunionsrock #creditunionlife #credituniondifference #creditunionfamily #creditunionlove #creditunionsgiveback #creditunionmovement #creditunionshavemorefun #banking #bankinglife #bankingmadeeasy #financialfreedom #financial #financialplanning #financialliteracy #financialwellness #mobilebanking #financialinstitution #savings #saving
  • “For the past 30+ years my life has had many ups & downs with a lot of stress. Much of the stress was relieved with the caring help of TFCU & I so appreciate all they have helped me with. Life is sweeter because of TFCU!”
Submitted by Patricia, TFCU member since 1983!
_____________________________________________________

If you would like to share your #TFCUstory with us, please use the hashtag #TFCUstory. We’ll select our favorites to share on our social media channels! 
_____________________________________________________

#tfcu #tauntonfederalcreditunion #creditunion #creditunions #creditunionsrock #creditunionlife #credituniondifference #creditunionfamily #creditunionlove #creditunionsgiveback #creditunionmovement #creditunionshavemorefun #banking #bankinglife #bankingmadeeasy #financialfreedom #financial #financialplanning #financialliteracy #financialwellness #mobilebanking #financialinstitution #savings #saving
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