CW Auto Loans

• Online or Mobile Banking External Account Transfer - No processing fee 
  • With CWAnyWhere online or mobile app, from your account at another financial institution. This ACH option is recommended. Payments can be authorized as one time or recurring. Payment fees are avoided and account information is available 24/7.  Previously entered payment information and current loan status and history will be available. You will need either the login information for your financial institution or the routing and account number to your external account. Pre-authorization may be required upon first use and can take up to three business days to process if required. 
• Online or Mobile Banking Direct Transfer - No processing fee 
  • With CWAnyWhere online or mobile app 
  • Direct transfer from your CW Checking or Savings. 
• Debit Card - Online or by phone - $5.00 processing fee 
  • With CWAnyWhere online or mobile app 
  • Call us at 1-800-729-6808, press option 2 for loans; option 1 for payments 
• External Account (ACH) Transfer - By phone - $5.00 processing fee 
  • Call us at 1-800-729-6808, press option 2 for loans; option 1 for payments 
  • Please note: You will need the routing and account number to your external account. Pre-authorization is required upon first use and can take up to three business days to process. 
• Mail - No processing fee 
  • CommunityWide FCU, 52550 Fir Rd. Granger, IN 46530 
  • Please send a payment coupon from your monthly statement and include your account and note number on the memo line of your check. 
• In Person 
  • At any CW or CO-OP Shared Branch Office

For step-by-step tutorials on how to make payments and more, visit the CW Learning Center! 

The best way to establish good credit is to make your payments and to make them on time. To establish good credit, you need a steady work record and continued residence at the same address. If you do not have a checking account, open one, and be careful not to bounce checks.

If you have low or no credit or are looking at improving your credit but are having trouble getting approved for a loan, but have a small amount of money saved, you can improve your credit by opening a share secured loan or a share secured VISA credit card and making consistent payments. This is where your own funds are used as collateral in order to obtain the loan or credit card. The interest rates for these are often much lower than a personal loan. If interested in this, feel free to contact us or apply here.

Maintaining low balances as well as paying more than the minimum on your payments, especially on credit cards, will also help.

Additionally, we've partnered with Greenpath which can also assist you with building credit and removing debt. As a member of CommunityWide you can  contact them for a free consultation at 1-877-337-3399.

 Click here for more information on how to improve your credit score.

Members with CW Checking accounts can get a free copy of their credit report with their ID Protect membership (enrollment required).

Additionally, if you do not have a CW Checking account, but would like access to your credit report,  the federal government requires that each of the three national credit-reporting agencies—Experian, Equifax, and TransUnion—gives you a free credit report every year. You can request a free copy of your credit report by visiting AnnualCreditReport.com.

According to the Federal Trade Commission, consumers should be aware that there are many sites out there that claim to offer “free” credit reports but often charge you for another product if you accept the report. To request your credit report by phone, call (877) 322–8228. To request your credit report by mail, write to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. Do not contact the individual credit-reporting agencies.

Cosigning on a loan can sometimes be a tough decision. You may be caught in the middle of trying to help someone who is close to you, but not wanting to risk your credit. Cosigners lend their names and good credit histories to the primary applicant. Should the primary applicant die, lose a job, or otherwise fail to make payments, all responsibility for meeting the terms of the loan transfers to the cosigner. An often-overlooked aspect of cosigning a loan is the fact that the loan appears on both the primary applicant's and cosigner's credit reports.

It is important to remember that when you cosign for a loan you are taking on the same responsibility as the primary borrower with promising to pay the loan in full. When a loan is reported as current or late to the credit bureau it affects each borrower the same. So if a payment is missed or a loan is charged off both borrowers' credit will suffer. Since the loan will show on your credit report it will increase your debt to income ratio, even though you may not be the one making the payments. Debt to income ratio is something that is looked at when you apply for a new loan or credit card,  and in some cases, can be a reason for denial.

To make this decision, calculate your monthly payments and your total net cost. When you compare these amounts, you can determine which option is right for you.