Frequently Asked Questions
Who can apply for an AGCU vehicle loan?
AGCU vehicle loans are available to churches, businesses, and nonprofit organizations. You will need to be an AGCU member to apply. If you are not already a member, you can join when you apply.
Can a church get a loan for a van or bus?
Yes. We regularly finance passenger vans, 15-passenger vans, and buses for churches and ministry organizations. If you are looking to purchase a vehicle for your congregation, give us a call and we will walk you through your options.
What types of vehicles can I finance?
We offer loans for cars, trucks, vans, buses, and commercial vehicles used for church, business, or nonprofit purposes. If you have a specific vehicle in mind, contact us and we will confirm whether it qualifies.
Do you offer loans for used vehicles?
Yes. We offer financing for both new and used vehicles. Members who are approved for a used auto loan also receive free CARFAX Vehicle History Reports to help make a more informed buying decision.
What is GAP Coverage and do I need it?
GAP Coverage pays the difference between what you owe on your loan and the actual cash value of the vehicle if it is totaled or stolen. It is optional but worth considering, especially for newer vehicles that depreciate quickly. Ask us about adding it to your loan.
What insurance do I need to maintain on my vehicle?
You are required to carry insurance on your vehicle for the life of the loan. If your coverage lapses at any point, AGCU may add insurance to your loan, which would increase your outstanding balance. If your insurance provider changes during the loan term, you are required to notify us. See the insurance requirements section on this page for details on how to submit proof of coverage.
How do I get started?
You can apply online, connect with an AGCU Video Banking representative, or call us at 866-508-2428. We will help you find the right loan for your organization.