What You Need to Know

Member Responsibility: It is each member’s responsibility to verify whether their vehicle meets the eligibility requirements outlined in the OBBBA. Full details are available on the IRS Website

Determining Eligibility: Our credit union is happy to help you determine whether your vehicle may qualify under this new provision.

Finding Your Interest Paid: The total interest you paid for the year can be found on your December statement. This information may be helpful as you review your records or consult a tax professional.

No Change to Your Loan: This law does not change your interest rate, monthly payment, or loan terms. It simply introduces potential tax implications for members with qualifying auto loans.

Need Assistance? If you need help locating your December statement, reviewing your loan information, or determining possible eligibility, our team is here to support you. Thank you for your continued trust and membership! Let us know how we can help.