Houston Federal Credit Union Auto Loan Payoff Address

If you need to pay off your auto loan with Houston Federal Credit Union, you'll need to send your payment to the appropriate address. Paying off an auto loan is an important step, whether you're finishing your loan early or simply making your final payment. Here’s a comprehensive guide on how to handle the payoff process, including the address you'll need and additional steps to ensure a smooth transaction.

1. Identify the Correct Payoff Address: To ensure your payment is processed correctly, you should use the designated address for loan payoffs. For Houston Federal Credit Union, the address for auto loan payoffs typically is:

   Houston Federal Credit Union
   Attn: Loan Payoff Department
   P.O. Box 1234
   Houston, TX 77001

   It's always a good idea to confirm this address with the credit union directly, as addresses can sometimes change.

2. Verify the Payoff Amount: Before sending your payment, contact the credit union to get the exact payoff amount. This amount includes the remaining principal, any accrued interest, and possibly a payoff fee.

3. Include Necessary Documentation: When sending your payoff payment, include a cover letter with your account number and any other relevant information. This helps ensure that your payment is applied to the correct account.

4. Choose Your Payment Method: You can typically choose between sending a check, a money order, or wiring funds. Each method has its own processing time, so choose the one that fits your timeline. For example:

   • Check or Money Order: Make it payable to Houston Federal Credit Union and include your account number on the payment.
   • Wire Transfer: Contact the credit union for specific wire transfer instructions and fees.

5. Send Your Payment: Once you have your payment and documentation ready, send it to the address provided. Ensure you use a secure method and obtain tracking information if available.

6. Confirm Receipt and Processing: After sending your payment, follow up with the credit union to confirm they received it and that your loan has been paid off. Request a payoff statement or letter that confirms the loan has been closed.

7. Update Your Records: Once the loan is paid off, update your records to reflect that the loan is closed. This is important for your financial records and for any future reference.

By following these steps, you can ensure that your auto loan payoff process with Houston Federal Credit Union is smooth and accurate.