Career Builder Loan Helps Graduates Succeed

Marshfield Medical Center Credit Union > Blog > Career Builder Loan Helps Graduates Succeed

Recent college graduates face a lot of challenges when entering the workforce, including figuring out how they are going to get there. Fortunately, MMCCU can help graduates purchase a vehicle through the Career Builder Loan Program. This program helps a graduate get into a newer vehicle even when they have limited or no credit experience.


  • Maximum loan amount of $50,000
  • Borrower must be age 18 or older
  • Must have graduated within the last 3 years from a post-secondary program
  • Program available for members with little or no credit history not including student loan debt
  • Must be for a vehicle purchase only
  • Rates starting at 3.74% APR*

To qualify, you must have graduated within the last 3 years from a 2 year Associate Program, a 4 year undergraduate program, or a post-graduate program and must provide copy  of diploma or certification as proof of graduation.


  • Paystub from current employer to verify full-time employment or letter of employment(must begin employment within 60 days of loan contract date)
  • Membership Eligibility Required
  • No previous credit history except for student loan debt/ Little or no credit history
  • No derogatory credit from collection items/judgments
  • Member must be in good standing with MMCCU if current member
  • Loan Conditions –
  • Follow normal underwriting for vehicle loans
  • Maximum total gross Debt-To-Income (DTI) = 40%
  • Maximum vehicle payment to income (PTI) = 20%
  • Maximum Loan-To-Value (LTV) = 100% of MSRP or NADA Retail Value or the CUNA Mutual Protection Advisor valuation portal, excluding sales tax, title fee, license, GAP, or MRC.
  • Maximum  loan amount  is $50,000
  • Borrower  must be age 18 or  older
  • Co-signer may be required
  • Non-traditional underwriting factors such as good utility/rent payment history may be used
  • Loans will receive Tier B pricing

*Note – Any exception to the above Loan Conditions to qualify for this program must be approved by the VP – Lending or President.


*APR= Annual Percentage Rate; rate current as of date article was written (call for latest rate).  Rate applies to new loans only and is subject to change at any time without notice. Rate is determined by credit score and term of loan and is subject to credit approval. At 3.74%, payment per $1,000 borrowed for 30 months is $34.97/month. Rate shown above includes a 0.25% reduction for qualifying member relationship, which includes an active checking account and direct deposit. Your rate may be lower or higher than the rate shown above. Down payment requirements may apply. Membership eligibility required. Any minimum, fixed, transaction, activity, or similar charge may be imposed as provided under the Wisconsin Consumer Act.

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