Federally insured credit unions held $489.7 billion in vehicle loans on June 30, 2026: $162.2 billion in new vehicle loans and $327.5 billion in used. The middle new-vehicle loan rate they reported was 5.46%, and the middle used-vehicle rate 6.32%. 4,186 of the 4,299 credit unions in the file had vehicle loans.
$3.97 billion of the vehicle loans (0.81%) were reportable delinquent, generally two or more months late: 0.53% of new and 0.95% of used. From January through June the credit unions charged off $2.93 billion in vehicle loans ($2.36 billion of it used) and recovered $0.68 billion.
What the rates are
Credit unions report one interest rate each for new and used vehicle loans on the call report (account codes 523 and 524). NCUA’s instructions say to report the rate being offered as of the reporting period, and the most common rate if more than one applies. It is not an average of what borrowers pay and does not show the range of rates by credit score or loan term. We took the median across credit unions that reported a rate and held that type of loan. Weighted by each credit union’s balances, the reported rates average 5.54% for new and 6.41% for used. 21 credit unions reported a new-vehicle rate below 2% and 2 a used-vehicle rate above 18%; we left those values as reported.
Credit union vehicle loans by state
| State | Credit unions with vehicle loans | New vehicle loans | Used vehicle loans | Delinquent (all vehicle) | Median new-vehicle rate | Median used-vehicle rate |
|---|---|---|---|---|---|---|
| California | 236 | $18.45B | $29.82B | 0.80% | 5.43% | 5.99% |
| Virginia | 92 | $19.24B | $28.65B | 0.87% | 5.25% | 6.58% |
| Texas | 380 | $16.56B | $28.80B | 0.69% | 5.60% | 6.50% |
| Florida | 106 | $13.97B | $21.24B | 0.58% | 5.43% | 6.03% |
| Michigan | 169 | $4.19B | $14.49B | 1.05% | 5.53% | 6.22% |
| Utah | 50 | $3.19B | $15.38B | 1.14% | 5.24% | 5.99% |
| Pennsylvania | 260 | $5.05B | $12.02B | 0.50% | 5.25% | 6.24% |
| Washington | 73 | $5.28B | $11.17B | 0.88% | 5.74% | 6.57% |
| New York | 240 | $6.22B | $9.84B | 1.04% | 5.03% | 6.12% |
| Illinois | 173 | $4.55B | $10.10B | 0.86% | 4.99% | 6.00% |
| Tennessee | 125 | $6.10B | $7.58B | 0.53% | 5.50% | 6.52% |
| Wisconsin | 98 | $3.02B | $9.83B | 0.74% | 5.02% | 6.00% |
| Ohio | 190 | $3.56B | $8.37B | 0.84% | 5.49% | 6.50% |
| Colorado | 62 | $2.99B | $7.05B | 0.92% | 5.49% | 6.46% |
| North Carolina | 56 | $2.50B | $7.27B | 1.35% | 5.44% | 6.25% |
| Georgia | 69 | $3.24B | $6.03B | 0.56% | 5.28% | 6.39% |
| Oregon | 47 | $4.24B | $4.99B | 0.88% | 5.49% | 6.00% |
| Indiana | 117 | $1.91B | $7.28B | 0.95% | 5.63% | 6.57% |
| Arizona | 33 | $2.07B | $6.25B | 0.93% | 6.14% | 6.58% |
| Iowa | 66 | $1.89B | $6.36B | 0.75% | 5.41% | 7.00% |
| Idaho | 26 | $3.18B | $4.51B | 0.58% | 5.47% | 6.51% |
| Alabama | 88 | $1.75B | $5.70B | 0.99% | 5.80% | 7.00% |
| Maryland | 57 | $1.96B | $5.17B | 0.68% | 4.99% | 5.50% |
| Oklahoma | 52 | $1.87B | $4.83B | 0.68% | 5.77% | 6.63% |
| New Mexico | 37 | $3.06B | $2.83B | 0.81% | 5.74% | 7.00% |
| Missouri | 86 | $1.63B | $4.26B | 0.77% | 5.50% | 6.77% |
| Louisiana | 129 | $2.53B | $3.21B | 1.15% | 5.59% | 7.00% |
| Kansas | 61 | $1.28B | $4.46B | 0.84% | 5.76% | 6.99% |
| Minnesota | 80 | $1.21B | $4.11B | 0.72% | 5.49% | 6.00% |
| South Carolina | 45 | $1.72B | $3.47B | 0.71% | 5.59% | 6.69% |
| Alaska | 8 | $1.78B | $3.40B | 0.88% | 6.12% | 7.17% |
| Massachusetts | 121 | $1.51B | $3.58B | 0.57% | 5.25% | 5.88% |
| New Hampshire | 12 | $1.01B | $3.01B | 0.63% | 5.18% | 6.10% |
| Kentucky | 51 | $981M | $2.46B | 0.74% | 5.42% | 6.27% |
| Maine | 48 | $741M | $2.09B | 0.79% | 5.50% | 5.99% |
| Mississippi | 55 | $898M | $1.94B | 0.98% | 5.50% | 7.61% |
| Connecticut | 61 | $830M | $1.72B | 0.58% | 5.00% | 5.99% |
| Rhode Island | 13 | $640M | $1.80B | 0.48% | 4.99% | 6.00% |
| Wyoming | 18 | $485M | $1.57B | 1.21% | 5.43% | 6.28% |
| Nevada | 13 | $694M | $1.31B | 0.45% | 5.35% | 6.03% |
| Arkansas | 46 | $572M | $1.39B | 1.01% | 5.68% | 6.82% |
| Nebraska | 50 | $420M | $1.51B | 1.24% | 5.26% | 7.00% |
| New Jersey | 114 | $365M | $1.21B | 1.41% | 5.25% | 6.14% |
| Montana | 40 | $564M | $846M | 0.76% | 5.15% | 6.35% |
| South Dakota | 33 | $275M | $1.08B | 1.00% | 5.62% | 6.47% |
| West Virginia | 71 | $430M | $839M | 0.87% | 5.45% | 6.50% |
| Vermont | 12 | $211M | $812M | 0.96% | 5.93% | 6.72% |
| Hawaii | 45 | $432M | $488M | 1.24% | 5.75% | 6.25% |
| Delaware | 14 | $270M | $412M | 0.68% | 5.90% | 6.87% |
| North Dakota | 29 | $128M | $466M | 0.84% | 5.10% | 6.00% |
| District of Columbia | 20 | $165M | $276M | 0.90% | 5.14% | 5.75% |
By the credit union’s headquarters state, not where members live. The second CSV lists every credit union with vehicle loans, with reported rates, balances, delinquency, charge-offs and recoveries: download the full list. Delinquency shares and medians are our calculation.
Source
National Credit Union Administration, quarterly call report data (Form 5300), June 30, 2026 cycle: accounts 385 and 370 (new and used vehicle loans), 523 and 524 (reported rates), 041C1 and 041C2 (reportable delinquent), 550C1 and 550C2 (year-to-date charge-offs) and 551C1 and 551C2 (year-to-date recoveries). Rate definition from the NCUA Call Report Form 5300 instructions. Downloaded October 15, 2026, and rechecked October 16. U.S. government data in the public domain. Our tables are available under CC BY 4.0. Credit "My Credit Guide (mycreditguide.org)".
Steven Reynolds, "Credit Union Auto Loans," My Credit Guide, October 16, 2026, https://mycreditguide.org/data/credit-union-auto-loans/.