According to Wikipedia, “Goldenwest Credit Union is a federally chartered credit union headquartered in Ogden, Utah, regulated under the authority of the National Credit Union Administration (NCUA). As of 2012, Goldenwest serves 85,000 members, holds $800 million in assets, and operates 20 branches throughout Utah.”. Because of the large amount of loans made to Northern Utah auto buyers in Ogden, North Salt Lake, and Roy this credit union has become heavily involved in the reselling of repossessed cars and real estate holdings. They are one of the top lenders in Utah for RV’s, ATV’s and boats also. Typically they are lending within Utah but occasionally will lend in other western states.
As the economy has experienced a rocky recovery Goldenwest Credit Union has been a leader in taking credit union repo cars and developing ways to resell them efficiently to the public. In fact they offer special financing terms and other incentives to potential buyers who access their repossessed inventory via their web page.
For Utah car buyers interested in low priced credit union repo’s they are listed for sale on the-Goldenwest Credit Union repo’s list.
Buying from a credit union can actually be a lot easier than one thinks. Credit unions are experts in auto financing and will have all of the necessary documents readily available to interested buyers. Buyers within Utah can search current listings for repo cars, boats, real estate right from their home computer. Goldenwest Credit Union even has live support to help answer questions and facilitate the repo sale transaction.
If you are fortunate to find a credit union owned vehicle you’d like to purchase be sure to contact an agent for Golden West as soon as possible. Repo cars are almost always sold “as-is”. It is always recommended that you research the vehicles carefully prior to submitting offer. The credit union can’t be liable for car problems after the sale. Golden West Credit Union usually has a good vehicle inventory to choose from but they also have great pricing on some of their foreclosed real estate holdings as well. It is always a good idea to contact a local auto expert or real estate guru to represent you in the transaction as well.