New & Used Auto Loans

Take the express lane to driver-friendly financing rates

We can help you slide into a new ride

Here’s how a Coastal New or Used Car Loan could help you bank better:

  • Apply for pre-approval with us and enter the dealership with financing in hand
  • Flexible terms with up to 84 months* to pay off your loan
  • No pre-payment penalty
  • College grad program available
  • Loan options available to members who have experienced past credit problems
  • These loans are eligible for an annual Loyalty Bonus payout 

Buying a vehicle can be an exciting experience.

But it can also be a bit stressful. At Coastal Credit Union, we want to make the ride as smooth as possible for our North Carolina neighbors. That’s why we let you apply for a car loan online and give you an answer in a matter of minutes. That’s why we offer low financing rates and flexible repayment terms. That’s why we even offer you a list of dealers that meet our standards.

Earn more cash back when you shop.

I was able to buy my first home on my own without using all of my savings.
Margaret H.

Frequently Asked Questions

The primary savings is considered the membership account which provides our members with voting rights at the credit union and will always need to remain open and active as long as there are share products or loan products listed under the housing account.

There are two options to make principal only payments. (Excludes first mortgages and VISA Credit Cards)

You can pay an extra amount at the same time you make your regularly scheduled payment. The extra amount paid will automatically be applied to the principal balance. The regular payment and the extra amount must be applied on the same date with this option.

You can make principal only payments at other times as long as your loan is current. Please note, a principal only payment will not advance your due date, and will not take the place of normal monthly payments.

When mailing a check for principal only payments, clearly indicate in the memo section of the check, "PRINCIPAL ONLY" and the account number. Any payment applied as principal and interest, that is not notated "PRINCIPAL ONLY", cannot be reversed and reapplied later.

Please send payment to:
Coastal Federal Credit Union:
ATTN: Payments/Deposits:
PO BOX 58429, Raleigh NC 27658-8429

Please email with any questions.

Yes, if you wish to add more funds to your loan or increase it in anyway a new application will need to be submitted

You do not need to have a first mortgage with Coastal to obtain a HELOC.

Coastal only issues 1098 Mortgage Interest Statements for accounts that paid $600 or more in interest during the calendar year. The exact amount of interest paid on your mortgage loan is listed on your December statement.

All loans are subject to approval.

* For a $25,000 loan amount, a term of 48 months with a 2.84% APR fixed (includes equity discount), the monthly payment will be $552.24.

* For a $25,000 loan amount, a term of 84 months with a 3.34% APR fixed (includes equity discount), the monthly payment will be $334.65

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