Auto Loan Financing Steps - MCU

FINANCING YOUR AUTO LOAN THROUGH MCU IS AS EASY AS 1-2-3

Step 1:

Get pre-approved prior to shopping online or visiting a dealership. If you want to refinance your current loan (financed with another lender), please have your registration or insurance card available to verify the VIN number.

Step 2: Apply using one secure option:

1. Online - log onto your NYMCU Online Banking account 2. Phone - call 800-LOAN-MCU 3. Branch ? visit any branch

To obtain the status of your loan, log onto your NYMCU Online Banking account or call (212) 693-4900 after two business days.

Step 3:

Upon receipt of your approval, an MCU loan representative will contact you to discuss the following documentation required for payout:

? Proof of all income stated (paystubs within 14 days, tax returns)*

*For each applicant listed on the application if joint.

? Valid State Issued Drivers License or State Issued ID for co-applicant (if applicable) ? Proof of Comprehensive and Collision Insurance listing MCU as the lien holder:

Municipal Credit Union 22 Cortlandt Street New York, NY 10007

Purchase:

?

Purchase Order or Bill of Sale (signed by a franchised dealer and you)

?

New Vehicles: Copy of Manufacturers' Certificate of Origin

?

Used Vehicles: Copy of Vehicle Title (Clear of any bank liens or proof of satisfaction)

Refinance:

?

10-Payoff letter from current lender

?

Copy of Motor Vehicle Title (for NY only)

All required documents can be securely scanned and uploaded into your loan by logging onto your NYMCU Online Banking account or fax to (212) 416-7024. Once all documents are received and verified, the closing documents are available electronically to sign.

Thank you for choosing Municipal Credit Union to achieve your financial goals. 12/2015

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