What do you need for the Credit Union to process your auto loan?

BEFORE Final Approval

A copy of purchase contract - if vehicle is being purchased from a dealer.

A copy of the Title - if vehicle is being purchased from a private party.  If a balance is still owed, the name of lien holder, account number and a payoff figure.

AFTER Final Approval

A binder from your insurance company naming Dedham Town Employees Federal Credit Union as loss payee.

CAUTION     CAUTION     CAUTION

Make certain that the RMV1 form is filled out correctly naming the Dedham Town Employees Federal Credit Union as lien holder.  If title is issued incorrectly, the registry charges $25.00 to file for a corrected title.