Tower FCU - Experiences? Good/Bad?

[jallen]

Hello All!

I know quite a few people have mentioned Tower FCU for refinancing their Lightning. Currently 2.99 for 60 months.

Has anyone here actually gone through the process? How are they to deal with? Reviews online seem less than positive.

Appreciate it!!

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[jallen]

Bump!

 

[MickeyAO]

A little early for a bump, no?

 

[jallen]

A little early for a bump, no?

Probably

 

[keen]

I’be gotten preliminary approval for 2.49 @ 36 months. The process has been super slow for me to the point where I’m going to have to do refinancing later after I take delivery.

 

[jallen]

I’be gotten preliminary approval for 2.49 @ 36 months. The process has been super slow for me to the point where I’m going to have to do refinancing later after I take delivery.

That’s what I’ve heard. Super slow and then hard to get a hold of anybody to answer questions when you have a problem.
I used a local credit union at 3.9, but was looking to refinance since they don’t require any payment for the first 3 months!
Thanks for your experiences so far.

 

[bordner42]

Approved through them for my lightning, and am picking it up next weekend. So far it's been okay, communication definitely isn't very good but am hopeful there won't be any hiccups next weekend.

 

[jallen]

Approved through them for my lightning, and am picking it up next weekend. So far it's been okay, communication definitely isn't very good but am hopeful there won't be any hiccups next weekend.

Thanks for sharing your experience!

 

[bosox8]

A fixed rate from TFCU may be acceptable but I have them for a different loan product and am disappointed at their indifference to member concerns - because of this I could never consider them for another loan product. Instead of acting like a credit union they are acting more like a credit card company.

 

[jallen]

A fixed rate from TFCU may be acceptable but I have them for a different loan product and am disappointed at their indifference to member concerns - because of this I could never consider them for another loan product. Instead of acting like a credit union they are acting more like a credit card company.

Good to know from someone who has actually dealt with them. Thank you!

 

[SteelTerp87]

Hello All!

I know quite a few people have mentioned Tower FCU for refinancing their Lightning. Currently 2.99 for 60 months.

Has anyone here actually gone through the process? How are they to deal with? Reviews online seem less than positive.

Appreciate it!!

I used Tower to get my loan for the Lightning when back in September when I took delivery. While they were a bit slow, overall I was pleased. I hadn't taken delivery of the truck yet but they accepted the invoice and documentation I had, sent me a check for the full amount (made out to Apple Ford) and the process was complete. I showed up to take delivery with check in hand, piece of cake. I did initially find the payment process to be cumbersome but I found one of their sites that allowed me to set up auto-pay so now it doesn't faze me.

Overall, I would recommend Tower FCU and I do recommend them to everyone I know since their fixed rate seems to be about the lowest in my area.

 

[COrocket]

Do they have some promo for EVs? Right now their website says as low as 5.75% for new purchases

 

[Its PJ Bia]

Do they have some promo for EVs? Right now their website says as low as 5.75% for new purchases

Looks like they recently updated their interest rates.

 

[jdmackes]

Looks like they recently updated their interest rates.

Man, that sucks. I was planning on using them when I took delivery in a month or two...

 

[bordner42]

Approved through them for my lightning, and am picking it up next weekend. So far it's been okay, communication definitely isn't very good but am hopeful there won't be any hiccups next weekend.

Communication has been nearly non-existent. Still haven't gotten any word about a check being issued, so not super hopeful.

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