Students Bank Brighter at Sunmark Credit Union
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Spring into Savings Spring into a new ride with Sunmark Credit Union's auto loan sale! Enjoy rates as low as 3.74%*.
When it comes to helping students save smarter, borrow better, and bank brighter, Sunmark Credit Union stands on business.
Online Banking That Keeps Up
Our online and mobile banking tools are built to fit your life, not slow it down.
With our digital banking tools, you can:
Get started with our free app to start banking brighter on the go
Access Your Money Anywhere with Shared Branching
Not always near one of our financial centers? No worries—you’re still covered. With Shared Branching, you can walk into thousands of participating credit unions across the country and take care of your account like you’re right at home.
Why It’s a Game Changer
Built for real life, whether you’re headed to college, on a trip or just away for the weekend, Shared Branching keeps your money within reach. It’s flexibility that fits your lifestyle.
Financial Education Starts Here
We’re dedicated to providing products, solutions, and tools that teach healthy saving and spending habits – and as your local financial partner, we’re here to guide you throughout every life stage. Because understanding your money means more freedom, more options, and way less stress.
New Auto Loan Interest Deduction: What Sunmark Members Should Know
3/4/26
A new federal law – the One, Big, Beautiful Bill Act – created a temporary tax break for people who finance a new vehicle. For the first time, many borrowers may be able to deduct the interest they pay on their auto loan when they file their federal taxes.
What is the Deduction?
If you buy a new, qualifying vehicle and finance it with a loan that started after December 31, 2024, you may be able to:
- Deduct up to $10,000 per year in auto loan interest
- Take the deduction even if you use the standard deduction
- Claim it for tax years 2025 through 2028
Who Qualifies?
In order to be eligible, the vehicle:
- Is a car, SUV, pickup truck, van or motorcycle with a gross weight under 14,000 pounds
- Must be brand new (not used)
- Must be for personal use, not business
- Must have the final assembly completed in the Unites States (verified by VIN number or manufacturer label)
- Loan must be a qualifying auto loan. Leases do not count
There are also income limits:
- Full deduction up to $100,000 (single filers)
- Full deduction up to $200,000 (married, filing jointly)
- The deduction decreases for higher incomes
What This Could Mean for You
Auto loan interest can add up over time. This tax break may help lower the overall cost of buying a new car.
For example, if you paid $8,000 in auto loan interest in one year and are eligible, you could deduct that amount on your tax return.
What Should You Do?
- Keep your loan and interest statements
- Confirm if your vehicle qualifies
- Talk to a tax professional about your personal situation
For more information, visit the IRS Website.
* Youth Savings account age is 0-24. Student Checking age range is 13-24. Based on age criteria, not all Youth Savings account members will be eligible to open a student checking account. Parent/Guardian required as joint account owner for anyone under the age of 18.
^Offer effective between April 1 – 30, 2026 and subject to change without notice and may end at any time. Accounts must be opened during the promotional month of April 1 – 30, 2026 to be eligible to receive $25.00 credit. Credit will be provided within 60 days of opening the account. Determination of eligibility for this promotion is based on membership status of primary account owner. New members are eligible to open one Youth Saving and one Student Checking account. Existing members are eligible to open one Student checking account. A 1099-INT may be issued. Can be combined with other offers at the discretion of Sunmark. Sunmark Credit Union employees and volunteers, their respective accounts, and immediate family members are not eligible. Restrictions apply. For more details, call 866.SUNMARK.
