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Auto Loans

Welcome to your All-in-One
Auto Center!

If your are looking to buy a new or used vehicle, you are in the right spot.  CommonWealth Credit Union is Kankakee County's #1 Auto Lender!  Here you will find information on all our vehicle loan products, view current rates, and even apply for a loan online.  You can also view helpful car buying tips and articles that will help you find the vehicle and loan that fits you best.  Buying a car requires some research and our goal is to give you the resources necessary to make the smartest financial decision.  From loan pre-approval, to vehicle research, to where to find your dream car, CommonWealth Credit Union is here to help you every step of the way.    

Resource Center

New Vehicle and Motorcycle Loans

Choose CommonWealth Credit Union to finance your next vehicle. We offer you up to 100% financing on new vehicles, based on MSRP including tax and license, and based on your individual credit history and/or rating.  And since we’re a credit union and not a bank or dealer, we don’t mark up our rates so you know you’re going to get the best rate possible.

Used Vehicle Loans

Want to purchase a used vehicle? We can help with used vehicle financing too! Like new vehicle loans, we offer you up to 100% financing of the NADA guide's retail value including tax and license. Call the loan department for details at (815) 937-7440.

Special Offers

- .25% discount for qualified pre-approval (qualified pre-approval=completed application online, in person, or over the phone, satisfactory proof of income, and credit check).

- .50% discount for autopay from an active CWCU account. (Active account=checking or savings 
with direct deposit of 50% of pay, or 6 transactions per month through debits, checks and/or ACH) OR .25% discount for autopay from a non-active CWCU account or non-CWCU account.

- .25% discount for CWCU warranty purchase.   - .25% discount for CWCU GAP insurance purchase.

*Rate subject to change. Not all applicants will qualify for all discounts.  Not all applicants will qualify for program. Subject to credit scores, loan-to-value & CWCU underwriting qualifications. Loans up to 84 months. Term based on year and mileage of vehicle & loan amount. Minimum loan amount of $18,000. Offer ends June 30, 2024.

Recreational Vehicle and Boat Loans

CommonWealth Credit Union offers you financing on new and used recreational vehicles and boats. Contact the loan department for more details at (815) 937-7440.


Now is a great time to refinance your existing mortgage to take advantage of the low rates.

Benefits of refinancing:

  • Keep your auto payment local instead of a "big" bank
  • Lower your interest rate
  • Lower your monthly payment
  • Add a warranty or a GAP Plus to your auto loan or compare our costs with your current loan
  • Free auto loan analysis; just call one of our car loan experts to see how we rate

Additional Vehicle Loan Services

Submit Proof of Insurance

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