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First-Timer Loans

Is it your first time?

We know it can be scary - but we're here to help!

Whether you've never had a loan at all or just never had a loan with Carpenters, we're here to help walk you through and make the proccess as painless as possible. Plus, we'll even sweeten the deal by making your first loan payment for you!2

Here's how it works:*

  • Eligible loans include New & Used Vehicles and Toys & Trailers
  • Loan rate, term, and amount will be based on creditworthiness and other factors
  • Receive a 0.25% rate discount for enrollment in Auto Pay1
  • Carpenters will make your first loan payment for you!2

See, being a first-timer isn't all that bad...

How to Apply:

  1. Click the Join the First-Timer Club! button below to go to the online application
  2. Fill out the Preliminary Information page and click Next
  3. On the Loan Information page, put 'First-Timer' for Loan Purpose
  4. Complete the remainder of the application
  5. Submit your application and we will contact you within 2 business days

Join the First-Timer Club!   View Rates & Terms

*Loan amounts will vary based on credit, income, employment, etc. Carpenters Credit Union will work with the member to find an amount appropriate for the member’s situation. Down payment will be based on requirements for normal underwriting guidelines. Terms will vary by loan collateral. Rates are determined by the member's credit score and the loan term. Insurance showing the Credit Union as loss payee will be required and must be provided before loan closing.

1Automatic payment enrollment applicable from any Carpenters or other financial institution checking account.

2The Credit Union will make the first loan payment for the member. If the member pays off the loan within the first year, the Credit Union will be reimbursed the first payment by the member. If member pays off the loan after the first year, there will be no early payoff penalty. Late payments will incur a Late Fee of $30 after 10 days.