AUTO LOAN DRIVE

(February 1 – March 30, 2020)

CASH BACK FOR AUTO LOANS – Receive up to $300 cash back when you start or transfer an auto loan to Jordan Credit Union. (See Below For Details)

REFER A FRIEND – Receive up to $50 cash back when you refer a friend who starts or transfers an auto loan. (See Below For Details)


Cash Back For Auto Loans

Auto Loan AmountCash Back
$5,000 - $9,999$75
$10,000 - $14,999$150
$15,000 - $19,999$225
$20,000+$300

Offer valid 2/1/2020 – 3/30/2020 Membership eligibility required (Those who live, work, or worship in Salt Lake County). All promotion funds will be deposit into the savings account after the auto loan has officially been opened. Member must sign an agreement to keep loan at JCU for a minimum of one year to receive cash back. If the loan is paid off within the first year, the cash back received will be added to the payout amount. The cash back reward will be provided via tiered schedule available at jordan-cu/loan-drive. Cash back reward is considered interest and will be reported on IRS form 1099-INT. Eligible loans closed at dealerships will receive a maximum of $50. Any auto loan currently at Jordan Credit Union cannot be refinanced and receive the cash back promotion. Offer is valid upon approved credit. Interest rates will vary depending on creditworthiness.

Refer A Friend

$50 Referral Incentive

Offer valid 2/1/2020 – 3/30/2020 Membership eligibility required. Loans closed at dealerships are not eligible for the referral reward. To be eligible for cash back referral incentive, the individual opening the account must know the first and last name and the birth day and month of the member who referred them when starting the loan process. If the loan is more than $5000, $50 will be paid to the referrer upon the closing of the referred loan. The incentive will be deposited into the referrer’s savings account unless otherwise specified. Cash back reward is considered interest and will be reported on IRS form 1099-iNT. Referred loan must close at a Jordan Credit Union Branch. Any auto loan currently at Jordan Credit Union cannot be refinanced and receive the cash back promotion.

WHAT SHOULD I BRING?

TRANSFERRING AN AUTO LOAN

  • Two most current paycheck stubs
  • The name, address and phone number of two references for each person signing on the loan. One reference must be a family member. Neither of the references can share your address.
  • 10-day payoff amount from financial institution
  • Name of institution and account number of current loan
  • Copy of registration

 

PURCHASING A CAR

Note: If the vehicle is five years or older, we must perform a quick inspection of the vehicle before closing. Contact your nearest JCU loan specialist for questions.

  • Two most current paycheck stubs
  • The name, address and phone number of two references for each person signing on the loan. One reference must be a family member. Neither of the references can share your address.

FOR A LOAN PRE-APPROVAL TO PURCHASE A CAR

  • Two most current paycheck stubs
  • The name, address and phone number of two references for each person signing on the loan. One reference must be a family member. Neither of the references can share your address.
  • If buying directly from a dealership during the loan drive, bring a proof of sale into a JCU branch