Auto Loan Refinance
Refinance with CPOECU and replace your existing auto loan with a new one that works better for you…and your wallet!

Refinance Process:

  1. Review your current auto loan – What is the yearly-term of your current loan? What is your current APR%? Are there any penalties or fees for paying off your loan early?
  2. Obtain Car and Loan Documents – Provide a 10-day payoff from your existing finance company, along with the exact mileage.
  3. Submit an application – Complete our easy to follow online loan application. You can also visit us in-person or call us at (773) 881-2500. Ask for the Loan Department.
  4. Get pre-approved – Our team will contact you to discuss loan options and our low auto rates.
  5. Complete Loan Documents –Loan documents can be signed electronically via e-Docs or in-person.
  6. Protect your purchase with these optional products - Guaranteed Asset Protection, Mechanical Repair Coverage, Loan Protection and Auto Insurance.
  7. Loan proceeds check – CPOECU will mail a check to your existing finance company on your behalf (paying them in full). You will then begin paying the refinanced loan with CPOECU.

**Check out our “Beat the Competitor Promotion”, where we will BEAT a verified competitor’s auto rate by 1.0%, not to go below 1.90%. This popular special is for a limited time only.

CONGRATULATIONS! Enjoy the savings in your monthly payment with your refinanced auto!


  • Refinance both NEW and USED autos*
  • APR Rate as low as 1.90%** (new), 2.90% (used)*
  • Loan amounts up to $85,000
  • Choose from a wide range of flexible loan terms
  • Easy loan application

Why Refinance:

  • Save money! Lower your monthly payment, with a new term and/or interest rate.
  • Lower your rate to save on interest.
  • Change your term to pay off your loan sooner.


*Additional rate discounts available for adding the following:

  • -1/4% (25bp) Rate discount for adding GAP Insurance to protect you from financial loss - auto loans
  • -1/4% (25bp) Rate discount for NET Payroll deposited into Savings and Checking. Ask a loan officer for details.
  • -1/4% (25bp) Rate discount for adding Loan Protection
  • -1/4% (25bp) Rate discount for Mechanical Repair Coverage (MRC)

Total Potential Savings = up to 2.00% off the stated rate (not to exceed 1.9%)

Rates are subject to change.

*APR = Annual Percentage Rate. All rates and limits based on creditworthiness. Must meet lending criteria.

*New Auto defined as Years 2021 and above. Used Auto defined as: Years 2014 - 2020 (Cars, Vans, Pick-Up Trucks). Existing CPOECU loans not eligible for refinance.

Loans under $10K have a maximum term of 60 months.

Protect Your Purchase

Red sedan with collision damaged to front end.

GAP Protection

Typical car insurance covers damage and theft. But what if your loan is more than the value of your vehicle? CPOECU’s GAP Protection covers that difference.

Man uses clipboard to make notes on clipboard while standing over auto engine.

Mechanical Repair Coverage

Get GAP with Deductible Assistance and don’t let a wrecked vehicle wreck your finances.

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Debt Protection

Life is unpredictable. With CPOECU Debt Protection, your family's financial security is protected in the event you're unable to make timely payments.

Chicago Post Office Employees Credit Union
Routing Number: 271078175
American Share Insurance. Your savings insured to $250,000 per account. By members’ choice, this institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money.

Main Branch:

10027 S. Western Avenue
Chicago, IL 60643
Phone: 773-881-2500
Fax: 773-238-8791

Downtown Branch:

433 W. Harrison 2nd Floor
Chicago, IL 60607
Phone: 312-431-8945
Fax: 312-431-8946

© 2023 Chicago Post Office Employees Credit Union Email Us