National Police Credit Union can finance up to 100%** of your next new or used car at competitive Auto Loan rates and terms! Plus, we can refinance your existing Auto Loan up to 100%** of the current value of your vehicle to reduce the interest rate or payment.
You don’t need to know what vehicle you’ll be getting, because we will provide you with a “blank” check. To be eligible for a Write Your Own Ticket loan:
Apply in under five minutes
E-sign your documents
Contact us to assist you in securing the lowest Auto Loan or Refinance rate possible for your new or used car, we may even be able to beat your current auto loan rate at another institution!
Auto loans with National Police Credit Union are easy. We offer immediate loan decisions, with hassle-free online application procedures. We'll always tell you what will save you the most money - even if it's not with us. Don't miss out!
Joining is Easy as 1-2-3
For one day only, on Saturday, January 23 (1/23), the Credit Union will cover the initial membership deposit of $10 for everyone who is eligible to become a member.
0% Balance Transfer Promotion!
Take Advantage of National Police Credit Union's Balance Transfer Promotion!
Killed in the Line of Duty Loan Protection
National Police Credit Union is pleased to offer Killed in the Line of Duty Loan Protection, a special debt cancellation benefit created exclusively for active full-time Law Enforcement Officers.
Arm Yourself with Benefits!
National Police Credit Union's BillPay Address is: Chicago Patrolmen's Federal Credit Union 1407 W. Washington Blvd., Chicago, IL 60607
GAP is designed to eliminate your unpaid net loan/lease balance in the event your vehicle is stolen or damaged beyond repair (totaled). Brochures in English and Spanish are available here.
It is the National Police Credit Union's extended warranty option for vehicles.
You don’t need to know what vehicle you’ll be getting, because we will provide you with a “blank” check.
You can purchase an extended warranty and GAP insurance through the credit union!
No. At this time, the WYOT checks can only be made payable to a dealership, not a finance company.
If your WYOT check exceeds the 60 day time period allotted, you will need to re-apply for the loan.
You will need to schedule an appointment and have your auto loan disbursed through our conventional method.
Force-Placed Insurance, also knows as lender-placed Insurance, is a vital program to alleviate risk and protect our loan portfolio from uninsured losses. Our credit union utilizes the force-placed insurance program to place instant coverage on motor vehicles that we have an interest in if a member’s policy has lapsed or cancelled. This is done on new and used auto loans as well as motorcycle loans and mortgages. Some states require basic liability coverage that can pay other parties for damage or injury in an accident. Our contract requires comprehensive and collision coverage when you finance a car.
The following are examples of when National Police Credit Union may force-place insurance coverage:
How much will it cost?
Force-Placed Insurance Premium is:
Force-placed Insurance premiums are typically much higher than the policy a borrower can purchase on their own. The credit union verifies the coverage before placing the force-placed insurance. There are total of three letters that go out to the member asking to provide the proof of insurance, and to let them know about the new purchased premium in the final letter. It’s also very important to add our credit union as a lien holder to the policy. In this case, National Police Credit Union would be getting automated updates on any policy change/cancellations directly from the insurance company in a timely manner.
It’s important to make the insurance payments on time; otherwise, a borrower could have a lapse in coverage, or the insurance company could cancel the policy. A lapse in auto insurance coverage could also occur if a member lets a policy expire without renewing it. It’s very beneficial to take advantage of any helpful tools offered by your insurance company, such as automatic payments or mobile apps for paying on the go.
Important things to remember:
Force-Placed Insurance is a policy that is ultimately meant to protect the credit union from uninsured losses and will not provide coverage for the borrower’s personal property. The purpose of forced-placed insurance is to provide immediate coverage on uninsured collateral. The credit union utilizes force-placed insurance to ensure that our collateral is insured in the event there is collateral damage or loss. Best way for you to save money and avoid any expenses is to get your own insurance with the coverage that is require by our contract. Once you have the confirmation of your new auto insurance policy, bring all the required documents to the closing to avoid any future payment change on your loan. At all times, continue having your vehicle insured and pay your insurance premiums on time.
*Rates subject to credit qualification and selected term. APR = Annual percentage rate.
**100% financing includes financing up to the purchase price or NADA guidebook valuation in addition to tax, title and license fees, extended warranties and GAP products.