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Boat, RV & Motorcycle Loans

The financing to fuel your passion.

If you’re an enthusiast of exploring the great outdoors, fun comes in all kinds of motorized forms — from land-based RVs, motorcycles and ATVs, to waterborne jet skis and boats. 

At ALEC, we encourage living life to the fullest. Which is one reason we offer loans that can transform your particular passion from dream into reality. 

A recreational vehicle loan from ALEC offers you:

  • Lower rates than those at most banks
  • Instant approval notification when you apply online* or via the ALEC Mobile App 
  • Up to a .25% loan discount off our current rates** 
  • Flexible terms up to 84 months, with large purchases up to 240 months 
  • No prepayment penalties
  • Up to 115% financing of the value of new and used vehicles and watercraft 
  • Easy repayment methods — via Online Banking, automatic withdrawal from ALEC Savings or Checking, or by telephone 
  • 24/7 online and phone support


Special ways to safeguard your vehicle. And your loan.

In addition, ALEC offers other valuable services and products that can help with your purchase and ensure maximum peace of mind. 

Our Loan Protection Products provide enhanced coverage to protect your vehicle and loan from the unexpected. 

  • Credit Life and Disability Protection — two affordable plans designed to ease the financial burden on you and your family in cases of injury, illness or death
  • Guaranteed Asset Protection — the difference between your vehicle’s retail value and the amount you owe is covered if your car is stolen or totaled in an accident 
  • Mechanical Breakdown — extended warranty coverage provides protection for expensive repairs beyond the manufacturer’s warranty period, at just a fraction of what you would pay elsewhere


Ready for some freewheeling fun?

ALEC makes it easy to apply for a boat, RV or motorcycle loan. Or apply via the ALEC Mobile App, visit an ALEC Service Center, or call 800.762.9988. 

Click here to view our current rates.

RV Loans

Account Type Loan Term APR* as low as
New & Used Boat, Marine
and RVs (2008-2015)
24 months 3.45 %

36 months 3.70 %

48 months 3.95 %

60 months 4.20 %

72 months 4.45 %

84 months 4.95 %

*APR Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term, and other factors. Rates can change daily. Rate displayed includes a 0.25% APR rate discount. Returning loan members who have a current loan with ALEC and is applying for a new loan will automatically receive a 0.25% APR rate discount. New loan members who do not have any current loans with ALEC must have an ALEC Checking Account (Free or Rewards) with $500 in direct deposit per statement cycle AND be enrolled in E-Statements to be eligible for the 0.25% APR discount. Minimum loan balance of $25,000 for 84 month term, and includes new vehicle only. Extended loan terms require a minimum of $10,000 and have a maximum of $1,000,000.

Motorcycle Loans

Account Type Loan Term APR* as low as
New Motorcycle Loans
(2014-2015, less than 5,000
miles)
Up to 24 months 3.45 %

25 to 36 months 3.70 %

37 to 48 months 3.95 %

49 to 60 months 4.20 %

61 to 72 months 4.45 %

73 to 84 months 4.95 %

*APR Annual Percentage Rate. All loans subject to credit approval. Rates subject to credit history, term, and other factors. Rates can change daily. Rate displayed includes a 0.25% APR rate discount. Returning loan members who have a current loan with ALEC and is applying for a new loan will automatically receive a 0.25% APR rate discount. New loan members who do not have any current loans with ALEC must have an ALEC Checking Account (Free or Rewards) with $500 in direct deposit per statement cycle AND be enrolled in E-Statements to be eligible for the 0.25% APR discount. Minimum loan balance of $25,000 for 84 month term, and includes new vehicle only. Extended loan terms require a minimum of $10,000 and have a maximum of $1,000,000.


 * All loans subject to credit approval. 

** ALEC members with a loan from the credit union who receive approval for another loan automatically receive a .25% discount. Members with no loan from ALEC must have an ALEC checking account with a $500 direct deposit per statement cycle and be enrolled in E-Statements to qualify for a .25% discount. Discount not valid on credit cards, mortgages and home equity lines of credit.