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Recreational Vehicle Loans

It is easy to find virtually limitless opportunities for year-round recreational activities. And, it's more fun to play when you have all the right toys. No matter where you live, Alaska USA has loan programs for all the vehicles you need for your outdoor fun.

You'll save time with our fast loan decisions.

Arrange for convenient automatic payments from your Alaska USA checking or savings account.

Recreational Vehicle Loan guideline

1. Maximum amount
New - On approved credit, 70% of the lesser of (a) the purchase price or (b) MSRP (Manufacturer's Suggested Retail Price) depending upon terms and credit qualifications.
Used - On approved credit, 70% of the lesser of (a) the purchase price or (b) retail value as reflected in the current edition of the NADA RV guide depending upon terms and credit qualifcations.
Higher percentage of financing may be available for qualified applicants.
2. Maximum term:
  • 240 months when loan value exceeds $70,000 with a 180 month balloon payment.
  • 180 months when loan value exceeds $30,000.
  • 144 months when amount financed exceeds $25,000.
  • 120 months when amount financed exceeds $20,000.
  • 72 months on all others.
3. Vehicle types:
Motor homes, travel trailers, folding camper trailers, chassis-mounted campers and van conversions.
4. Vehicle model year restrictions:
RV units older than seven model years will not normally be financed. Maximum terms for conversion vans is normally 84 months. The age of the collateral plus term of the loan will not normally exceed 23 years. Exceptions to this will be considered for qualified applicants. Additional restrictions may apply if unit will be used for other than exclusively personal recreational purposes.
5. Exclusion:
The credit union will not normally finance "park units" i.e., models which, although minimally towable, are designed primarily to be set up as permanent residences.
6. New vehicle definition:
A "new" vehicle is defined as untitled current year and next year's model units.

This guideline is approved by the Board of Directors and is effective November 25, 2008.