These boards are so helpful so giving another update in case anyone is wondering about DCU experience. I also want to thank those of you who suggested DCU. I initially asked about Capital One but so glad DCU was suggested.
My EQ score was all over the board and that was most surprising to me as I thought for sure I would get the best rates because my score was well over 700. My Credit Check Total EQ score 722, the dealership pulled 743 EQ, and DCU told me they pulled 681 EQ. I was told my 681 score was below their best rate. She said if my credit score improved in a few months, I can refinance for a better rate. I got 2.49% for 65 months with direct deposit. So I will direct deposit a portion of my paycheck to DCU, I asked if it had to be the entire paycheck, she said no.
The DCU process was pretty quick. I read some good things about them and some not so great things (slow communication, etc...) But I have to say I had a really good experience. I applied for the loan first (Monday morning) then applied for membership (yesterday Tuesday). After applying for the loan, I got the message "someone will contact you shortly". I didn't receive any communication all day Monday so I called on Tuesday morning to asked about the status of my loan application. Rep said it was being reviewed and if I could wait, she will find out. I waited a few mins, she came back and told me I was approved for $40K.
I was asked to upload my latest pay stub and also the purchase agreement. I went to the dealership yesterday and got the purchase agreement. For the membership - I was asked to upload a photo ID, pay stub, and social security card. I had all but the social security card because I have no idea where it is (boxed away somewhere). I was a little worried this might delay the membership approval process. This morning (Wednesday) a DCU rep called me to finalize the loan and she said she will just do a phone verification since I did not have my social security card (THANK GOD!).
We should receive check tomorrow (overnight for $15 fee) and plan to pick up our new 'used' car, a 2012 Toyota Sequoia platinum edition. Exciting!
