Vehicle Loans

Electric Vehicle Loans - Members can take 2% off our normal auto loan rates, for any Plug-In EV loan! (includes bikes & motorcycles up to 100% of value)

Used or New Automobile Financing


This custom car was built by Lenny Rummo, (pictured) with a car loan from Tri-Town Teachers FCU. "The only difference between men and boys is the price of their toys -- and how they finance them."

One of the most important services we offer to our members is providing a loan for an automobile purchase. We finance the purchase of both new and used automobiles at very competitive rates. An added benefit is the payroll deduction option that makes timely loan payment automatic. Give us a call at 203.227.8511 if you have any questions or need additional information.

Used Vehicle Loans

We will lend up to the N.A.D.A. Average Retail Value on used vehicles up to seven years old. Repayment terms available of up to five years on certain model years. We also have special loan rates with Enterprise Car Sales. We will need a completed loan application, proof of income and a full description of the vehicle and can usually have approval the next business day.

Used Vehicle Loan Terms

Repayment terms based on age of vehicle:

Age of Vehicle Maximum Loan Term
5 to 7 years 36 months
4 years 48 months
3 years or less 60 months

New Vehicle Loans

Borrow up to 100% of the purchase price of any New Vehicle. New vehicles with loans greater than $20,000 are granted repayment terms up to 72 months. Most approvals are done the next business day. Just complete a loan application, provide proof of income and a copy of the sales contract with the dealer to get approval. Still shopping? Ask for a pre-approval and you will know how much you can spend.

Loan Rates

Our Risk Based Loan Policy rewards our members who maintain good credit ratings by providing excellent loan rates. At the same time it recognizes the risk of providing loans to individuals who have less than stellar credit and requires higher interest rates based on lower credit categories. We have established five (5) credit categories or "grades" with correspondingly higher interest rates as the members' credit score declines. This pricing arrangement has been implemented by most financial institutions because it more accurately reflects the risks of lending.

Click on Vehicle Loan Rates to view current loan rates.

Quick Applications

When we need to borrow money, we want to know as soon as possible that we have been approved. For the quickest response from our office, we recommend that members apply for loans online by using their FLEXTELLER account.

On-line Loan Applications:
For members using On-Line Banking, go to our Home Page and log in to your FLEXTELLER account. Click on the "Apply for a loan" link and follow the instructions to submit an online loan application (select "Signature Loan" for a Personal Loan). You may also log in through the Online Account Access Page.

For instructions on how to complete an on-line application, click here. You may print the instructions, using your normal browser print function. You have have finished, close that window and you will be returned here.

Proof of income is required for approval consideration. For on-line applications either fax the proof to 203.227.0266 or e-mail it to jconiglio@tritownteachers.org. Once received, we can usually have an answer for you within 24 hours.

Paper Application:
For members not yet using On-Line Banking, simply complete a loan application (for a printable copy, click here) and provide proof of income and we can usually have an answer for you by the next business day. (For proof of income, use either two recent consecutive pay stubs, two years federal tax returns, or a letter from your employer.)

Additional Information Required

If you purchase your vehicle from a dealer, have them fax this information to the Credit Union office (203.227.0266) . If you purchase from a private party, you may fax this information or bring it to the office.

For Used Vehicle Loans: If purchased from a dealer, a copy of the conditional bill of sale. If purchased privately, a complete description of the vehicle including Make, Model, Year, Mileage, all options, and the Vehicle Identification Number.

For New Vehicle Loans: Either a copy of the conditional bill of sale from the dealer or a request for pre-approval.

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Loan Protection

Credit Life and Credit Disability

Credit Life and Credit Disability insurance is offered when you apply for a loan. This insurance provides coverage if you become disabled for a covered illness during the time you have the loan and can't work. If you are disabled for more than two weeks and are unable to work, this insurance kicks in and pays your loan payments. Credit Life insurance can help reduce or pay off your loan if you die before the loan is repaid.

Guaranteed Asset Protection (GAP)

There could be a big difference between what your insurance will pay and what you owe on your loan.
Most cars depreciate by thousands of dollars as soon as they are purchased. Unfortunately, if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total insurance loss, you are still liable to pay the difference, or the "gap," between your insurer's settlement and your loan balance. That money will come out of your pocket for a vehicle that, for all practical purposes, no longer exists.

To learn more about Credit Life and Credit Disability insurance and Guaranteed Asset Protection (GAP) plans, click here.

Loan Calculator

Look for yourself!!
Click here to use a loan calculator and determine what your loan payment would be on any loan and see how affordable loan protection would be for you. Please note, the initial calculation includes coverage for term life and disability insurance. You have the option of removing both of these coverages for the calculation.

Other Loans


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