*Interest begins to accrue from the date of loan origination. The option to extend the first loan payment up to 90 days from the date of origination is only available for new and used vehicle loans originated between June 15, 2026, and September 15, 2026, including loans originated through SECU’s Auto Power program provided the vehicle is purchased between December 1, 2025, and January 15, 2026. This option is not available for refinancing of any existing SECU vehicle loan.
- Members must be 18 years old or otherwise eligible for lending services to apply. Lending is limited to North Carolina, South Carolina, Georgia, Tennessee, and Virginia residents and titled vehicles. Other restrictions apply.
- To be eligible for this discount, members must be a current full-time or retired employee of the state of North Carolina (including public school employees) and members’ state payroll or retirement benefits from a plan administered by the North Carolina Retirement Systems division of the Department of State Treasurer must be on direct deposit with SECU (if on partial direct deposit, total monthly direct deposit amount must be $500 or greater). Additional terms and conditions apply.
- Cash out is not available on vehicle purchase transactions.
- Vehicle title held as collateral until the loan is repaid. Commercial vehicles or vehicles with branded (flooded, salvaged, or reconstructed) titles, motorcycles, boats, and RVs are not acceptable collateral.
- Financing is not allowed on vehicles older than ten years or those with mileage over 150,000 at the time of origination.
- SECU uses FICO® Score 8 credit scores to determine loan rates.
- Auto, home, and other personal lines of insurance are subject to underwriting. Insurance products are not guaranteed by, a deposit of, or an obligation of, any credit union and are not insured by NCUA or any other federal government agency. Insurance specialists are licensed to sell in North Carolina only.
- GAP claims are processed through TruStage.
- Your purchase of Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the GAP Waiver Agreement (”Agreement”) before you are required to pay for GAP. You should carefully read the agreement for a full explanation of the terms. If you finance the GAP fee, interest will be assessed against the fee which will increase the cost. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. If you cancel on or after the 91st day you will not receive a refund.
- GAP may not protect the entire deficiency between the insurance payment or actual cash value and your outstanding loan balance. You are responsible for any remaining balance due on your loan after processing the request for benefits. A copy of the GAP Agreement can be provided upon request for additional information.
- GAP coverage can be canceled at any time; however, a refund is available only during 90-day free-look period under certain circumstances. Loan payment amount may be modified if cancellation occurs during 90-day free-look period.
- GAP coverage cannot be added to an existing auto loan. To add GAP, the loan must be refinanced, and coverage must be selected during the new loan origination.
- Gross vehicle weight must be 14,000 pounds or less. GAP coverage is unavailable for salvaged vehicles, flood vehicles, vehicles with a reconstructed title, classic vehicles, or vehicles used for ride-sharing.
- Based on MSRP or JD Power average retail value.