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New/Used Auto Loans: Cheboygan, Indian River, and Mackinaw City.

newcarIf you’re thinking about buying a new or used automobile or truck, you owe it to yourself to stop in at Straits Area Federal Credit Union to get pre-approved for an auto loan. You’ll be able to find out how much you can afford for a vehicle and what your monthly payment will be.

Then go to the dealership of your choice, pick out the right car or truck, and save lots of money over other financing methods. We guarantee you’ll be happy you came and visited with Straits Area Federal Credit Union before heading out to look for a new or used car or truck!

Save Money! Get Pre-qualified! Save Time!
money  clipboard  time
Straits Area Federal Credit Union has great rates on auto loans.  Even if you have less then ideal credit, SAFCU can usually save you lots of money versus most dealership loans.  Get Pre-qualified on an auto loan!  Knowing how much vehicle you can afford before going to the dealership is one of the best tools in picking out a car. Your time is valuable. Getting an Auto Loan with SAFCU is easy.  We specialize in auto loans and can get you on the road to a new or used vehicle quickly.

We’re proud to say that in Cheboygan County, the Straits of Mackinac area, and throughout far northern Michigan, there’s no better way to save money when financing a vehicle than Straits Area Federal Credit Union.

And if you have your paychecks directly deposited into your account you can save .25% by having your payment automatically withdrawn from your deposit.

For auto loans in northern Michigan, be sure to stop in at one of our convenient locations in Cheboygan, Indian River or Mackinac City and ask to see a loan officer. Or use the button below to apply for a loan online!

You’ll be glad you did.


Mechanical Repair Coverage

The miles can add up but the repair costs don’t have to.

MEMBER’S CHOICE® Mechanical Repair Coverage can help deflect some risk of costly future, covered repairs keeping your vehicle running extra miles and extra years. With different coverage levels and deductibles to choose, there’s a plan to fit your family’s budget.

Whether you depend on your vehicle for work or getting your family to school and activities, you need transportation that’s safe and reliable. The older your vehicle, the more it takes to keep it in good working order. Not making small repairs can lead to even more expensive repairs and ignoring other repairs can be dangerous.

Benefits of the program*:

  •  Good at any authorized repair facility in the U.S. or Canada
  • Rental reimbursement: up to $35 per day for 5 days (up to an additional 5 days for a verifiable parts delay) from day one.
  •  24-hour emergency roadside assistance: up to $100 per occurrence. Includes towing, battery jump start, fluid delivery, flat tire assistance and lock-out service. 
  • Travel expense reimbursement: up to $500 for lodging, food and rental expense when a covered breakdown occurs more than 100 miles from home.
  • Transferable: if you sell your vehicle privately, the coverage can be transferred for a fee, adding resale value and appeal.
  • Cancelable: receive a full refund within the first 60 days or a pro-rated refund thereafter less an administrative fee.
  • No out of pocket expense at time of mechanical repair: (except for any deductible and any repairs not covered by the policy)–the covered repair is paid directly to the authorized repair facility.
  •  Ask about deductible options*Program details may vary by state. Ask a Member Services Representative for details


members-choice-85303311GAP Coverage

In the event of an accident where you vehicle is declared a total-loss  GAP Coverage will cover the difference between what your auto insurance will pay out and what you owe on your vehicle.  Your auto-insurance will typically only pay out what they estimate the vehicle to be worth.  Their determined value may be less then what is owed on your loan.  GAP coverage will cover this amount.  Typically this coverage adds a small amount to your monthly loan payment.


members-choice-85303311Credit Life/Disability Insurance
There’s no way to predict an injury, illness or unexpected death, but you can take steps along the way to make sure your family is provided for if the unforeseen were to happen.   The premium is included in your monthly loan payment.  If you have a balance on your loan and become totally disabled due to a covered injury, illness, or in the event of an unexpected death, may help cover your loan. In the event of disability it will help pay your loan until you’re fully recovered.  In the event of an unexpected death it may pay off the loan.