Area credit unions, best for car notes? (Buford, Suwanee: home equity loan, home)

[MarketingGuy]

Been in the area for about a year. I use chase for most my tasks.

I'm looking for a credit union to get a car loan through. Looking for a place that won't have a minimum car loan amount.

Anyone have any good suggestions of places to research? I don't know any of the unions in the area.

I'm in Buford/Suwanee area.

Delta Community?
Georgia's Own?
Georgia Federal?
Georgia United?

[cittic10]

I recently became a member of Delta and opened a couple of accounts there.
Can't comment on them for car loans but don't have anything bad to say thus far. (Just give it some time)

Their branches all seem to be in krogers which I find disgusting for the most part. If you can get over that, then you'll be ok. They keep good hours. There's some other things that bother me a little like not having a night drop box for deposits.

You'll probably need to open an account and keep $5 in it to become a member. I'm sure the interest rates will be lower but you should shop around for sure. Megabanks like Chase are the worst.

[lorilove]

I have a Home Equity Loan with Delta Community - I live near one of their large branch offices (no Kroger).

Happy with Delta. Clark Howard highly recommends them

Yes, Credit Unions are best for car loans.

[researchnerd]

The credit union I used for my car loan (Lockheed/LGE) was one of the two worst lenders I had to deal with in my bankruptcy a few years ago. The national banks were all fine with working out reasonable payment arrangements, but the credit union flatly refused, and communicating with them was a nightmare. Maybe credit unions have less float ability than the larger banks, even with secured loans, but they could have been less nasty about it, considering that I'd never even been late on a payment.

Nobody plans on bankruptcy, and I hope you never have to experience it, but it's something to consider.

[berkeleylake]

Any credit union should do for a car loan over most large banks. I think most CUs are easier to join nowadays than some years ago as many of them have opened up to most applicants.

I recall from previous CU car loans that your purchase needs to be a newer model car (less than 3 or 4) years old in order to get a loan with minimal down payment.

[MarketingGuy]

My experience in the past with CU's was a nightmare.. so i'm reluctant, part of why i posted the questions.

Thanks for the feedback guys.

[cittic10]

Originally Posted by MarketingGuy

My experience in the past with CU's was a nightmare.. so i'm reluctant, part of why i posted the questions.

Thanks for the feedback guys.

If all you want is to avoid nightmares, pretty much any small community bank should also be in the running for your business. One that hasn't received bailout money and has a strong rating. It's the large banks and the banks on welfare that you should avoid in my opinion.