Loans

Start a loan application with P1FCU to find out if you qualify. Applying is free, and a P1FCU loan officer will contact you to walk you through the process. P1FCU pulls your credit report once the application is submitted. 

For questions before you apply, contact P1FCU to speak with a loan officer.


You may still qualify. Members with past credit difficulties can apply for a P1FCU auto loan at no cost, and the lending team will look for ways to get the request approved. Because P1FCU uses risk-based pricing, your rate and loan term depend on your credit history.

Yes! P1FCU offers auto loan pre-approval, so you can apply for financing before you choose a vehicle. Pre-approvals are valid for 30 days, which gives you time to shop with a set budget. You can use the loan for a car from a dealer or from a private seller.


Complete the P1FCU Auto Loan Application and choose refinance as the loan purpose. After you submit the application, a P1FCU loan officer will contact you and guide you through the rest of the process. 

Most loan decisions come the same business day you apply, though some situations take longer.


P1FCU usually gives a loan decision the same business day you apply. Local loan officers review each application, which keeps the process fast. Some loans take longer depending on the loan type and your personal situation. To check where your application stands, contact P1FCU.

Contact P1FCU to check the status of your loan application. A member of the lending team can tell you where your application stands. P1FCU usually makes loan decisions the same business day you apply, though some loan types and situations take longer to review.

 

Yes, P1FCU reviews payment assistance options for members with more than one loan on case-by-case basis. If you're having trouble making your loan payments, contact P1FCU to discuss your options with a member service representative. Reach out before a payment is late, since late payments can affect your credit.


You can pay a P1FCU loan four ways:

  • Digital Banking: Transfers > Make a Transfer, then choose the loan and payment type. If you're not enrolled in Digital Banking, click for step-by-step instructions.
  • By mail: PO Box 897, Lewiston, ID 83501
  • In person at a P1FCU branch or shared branch
  • Online Loan Payment Center with a Visa, Mastercard or Discover card, for a $4.95 fee per payment

Mail a check or money order for your P1FCU loan payment to PO Box 897, Lewiston, ID 83501. For overnight delivery, use the street address 1015 Warner Ave, Lewiston, ID 83501 .

Allow time for the mail delivery so the payment arrives before the end of your grace period.


A late auto loan payment results in a late fee, and the exact amount is listed in your loan contract. P1FCU is required to report payment history to the credit bureaus, so a late payment may lower your credit score. Consumer loans have a 15-day grace period, and the late fee applies on the 16th day.

Find your payoff amount in Digital Banking:

  • Log in to Digital Banking
  • If you're not enrolled in Digital Banking, click for step-by-step instructions. 
  • Select Transfers
  • Select Make a Transfer 
  • Select your From Account and To Account
  • Click Payment Type 
  • See the Payoff amount
You can schedule the payoff from the same screen in Digital Banking. For a 10-day payoff or later quote, contact P1FCU.

Yes, anyone can pay off a P1FCU loan. The title is still released to the party listed on the title, not to the person who made the payment. All repayment obligations stay with the people named on the title and loan until the loan is paid in full.


Risk-based pricing is a method lenders use to set your interest rate and loan term based on your individual credit history. Borrowers with stronger credit usually qualify for lower rates, while borrowers with credit challenges may see higher rates or different terms. P1FCU uses risk-based pricing on its loans.

Yes. P1FCU finances private party car sales as well as dealer purchases. Start your auto loan application online, and a P1FCU representative will guide you through the steps for your type of sale. Pre-approvals are valid for 30-days, so you can apply before you find the car.


Estimate your car's value with an online pricing guide such as Kelley Blue Book (KBB), Edmunds or JD Power/NADA. Enter the year, make, model, mileage and condition to get a trade-in or private sale estimate. Knowing the value helps you set a fair price and plan your next auto loan.

P1FCU releases its lien on the title within ten business days of receiving the payoff funds. The DMV then mails the title to the right party, depending on whether the vehicle was sold privately, traded in or paid off. DMV handling times vary by state, so check with your local DMV.

No. GAP insurance pays up to the remaining balance of your loan, so there is no extra payout to you. P1FCU's GAP Plus adds $1,000 toward a replacement vehicle when you finance that vehicle with P1FCU. Contact P1FCU to talk through your specific situation.

P1FCU offers CashPlease instead, a short-term loan built as an alternative to payday loans. CashPlease is available to members with a checking account and Overdraft Protection, and you can apply online. If you want a different option, contact P1FCU or visit a branch to talk with a representative.

P1FCU requires full coverage insurance, including comprehensive and collision, for the life of an RV loan. Deductibles must be $1,000 or less, and P1FCU must be listed as the lienholder or loss payee. Send proof of insurance by:

P1FCU requires full coverage insurance, including comprehensive and collision, for the life of a boat loan. Deductibles must be $1,000 or less, and P1FCU must be listed as the lienholder or loss payee. Send proof of insurance by:

P1FCU requires full coverage insurance, including comprehensive and collision, on any motorcycle or ATV loan. Deductibles must be $1,000 or less, and P1FCU must be listed as the lienholder or loss payee. Send proof of insurance by:

P1FCU requires full coverage insurance, including comprehensive and collision, for the life of your auto loan. Deductibles must be $1,000 or less, and P1FCU must be listed as the lienholder or loss payee. Send proof of insurance by:

Yes. P1FCU gives a 15-day grace period on consumer loans, including auto, personal, credit card and mortgage loans. A late fee applies starting on the 16th day after your due date. Paying within the grace period helps you avoid the fee and protects your credit. 

A late fee may be charged if your payment is not received by the end of the 15-day grace period, and the late payment could affect your credit. Make the payment as soon as possible to limit penalties. Contact P1FCU if you need help making your payment or want to discuss your options.

Not always. A partial payment during the grace period may not prevent a late fee on your P1FCU loan. How a partial payment is applied depends on your loan, so contact P1FCU for full details before you pay less than the amount due. Paying in full within 15 days avoids the fee. 

Partial payments may not prevent late fees. For full details on how payments are applied, please contact us.

You can stay one payment ahead on a P1FCU Credit Builder Loan, but not more than that. The loan is designed to build credit through steady, on-time payments, so P1FCU recommends paying on your monthly schedule. Setting up automatic payments in Digital Banking makes that easier.

Your Credit Builder Loan funds are available the next business day after you make the final payment. For example, if you pay the loan off on a Tuesday, you can access your savings on Wednesday. Until then, keep making monthly payments on schedule, since P1FCU reports each payment to the credit bureaus.

No. P1FCU does not pull your credit when you apply for a Credit Builder Loan because it is a secured loan. That makes it an option for members who are building credit for the first time or rebuilding it. P1FCU reports your on-time payments to the credit bureaus.

A Credit Builder Loan helps your credit by creating a record of consistent, on-time payments. P1FCU reports your monthly payments to the credit bureaus, so paying on schedule is the key to results. Results are not guaranteed, and late payments on other accounts can still affect your score.1

Automatic payments are the easiest way to pay your Credit Builder Loan and stay on track. In Digital Banking, go to Transfers > Make a Transfer, choose your From Account and the loan as your To Account, pick the payment type and amount, then set the frequency and date. Review and submit.

























































































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    1 Results are not guaranteed. Improvement in your credit score is dependent on your specific situation and financial behavior. Even if you are paying your loan, credit problems on other accounts you own such as late payments, missed payments and other defaults may impact your credit score. This loan will not remove negative credit history from your credit report.