Plug Into Savings: How HFCU Makes EV Ownership Easy
EVs Are for Everyone—And HFCU Is Ready to Help
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Once seen as a luxury for early adopters, electric vehicles are now mainstream. From Hyundai and Ford to Chevy and Tesla, today’s EVs come in a wide range of models and price
points—including used options that make the switch even more affordable.
Eric Moeller, HFCU’s Vice President of Consumer Lending, has seen the shift up close: “You
don’t have to be a rich person anymore to get an EV,” Moeller says. “That’s what’s cool about
it—it’s for everybody now.”
HFCU is leaning into that momentum. They finance electric and hybrid vehicles with the same affordable financing and terms they offer for traditional gas-powered cars. There are no brand exclusions, no higher interest rates, and no hoops to jump through. Just straightforward lending that meets members where they are—whether that’s buying their first EV or trading in a combustion engine for something greener.
HFCU even offers programs for first-time auto buyers, helping young adults take that next step toward independence with lower rates and flexible terms.
With more members asking about EVs, HFCU works to make sure the answer is: Yes, we can help.
For a long time, electric vehicles felt like the future—but not necessarily your future. Maybe the
sticker prices seemed too high. Or the charging setup, too complicated. Or maybe you just
assumed your credit union or bank wouldn’t be able to help.
But that’s changing—fast.
Today, more automakers are expanding electric options, and more used EVs are hitting the market. And at Houston Federal Credit Union (HFCU), you’ll find auto loan solutions that make EV ownership accessible. Whether you’re buying new or used, HFCU finances electric and hybrid vehicles the same way they do gas-powered ones—with competitive rates, flexible terms, and support that goes beyond the car itself.*
No More Roadblocks—HFCU Clears the Way for EV Financing
You can be out in an hour instead of spending half your day at a dealership.
More Inventory, Lower Prices—But the Right Deal Still Matters
As the electric vehicle market matures, used EVs are becoming more common—and more affordable. “The values are dipping a little bit,” Moeller notes. “That’s why we encourage members to let us look up the value before they buy—to make sure you're getting a fair deal."
HFCU goes beyond financing by helping members review purchase orders, compare vehicle prices, and spot unnecessary add-ons before they commit. It’s a hands-on, member-first approach that helps buyers avoid overpaying.
“We’re here to walk people through that process,” he says. “Whether it’s a new EV, a used one, or just making sure the numbers make sense.”
Because the goal isn’t just getting members into a car—it’s making sure the car fits their life, their budget, and their long-term plans.
The EV Future Is Here—and HFCU’s All In
At HFCU, support for electric vehicles isn’t a trend—it’s a commitment that starts from the top. Moeller, the CEO, and members of the IT team all drive Teslas, a sign of how fully the credit union has embraced the shift.
“We want members to know: this doesn’t have to be complicated, and it doesn’t have to break your budget,” Moeller says. “If you’re ready to go electric, we’re ready to help make it happen.”
That commitment extends beyond auto loans. As a member-owned credit union, HFCU offers a full suite of financial solutions—from checking and savings accounts to credit cards, investment services, and educational resources. Members get competitive rates, one-on-one support, and local service that’s built around their goals—not shareholder profits.
Whether you’re shopping for an EV or just ready for a smarter way to bank, HFCU is here to help you plug in and move forward.
Visit HoustonFCU.org to explore EV loans or learn how to become a member.
*HFCU is an equal opportunity lender. Credit Union membership is required before utilizing any product and/or service by establishing a savings account with $5. Must be eligible for membership. Other restrictions may apply.
¹eVIP program subject to certain credit criteria. Available at participating dealerships within the greater Houston, TX and Greenville, SC areas. May be used for the purchase of new or used automobiles, trucks or SUVs. May not be used for sales between private parties or to purchase reconditioned, salvaged, or auctioned vehicles. Other restrictions may apply. See Credit Union for additional terms and conditions.
Support for Your Whole EV Setup
Buying an electric vehicle is one thing. Getting your home ready to charge it? That’s often a separate—and costly—step. Many buyers don’t realize that installing a 240V outlet or upgrading an electrical panel can run anywhere from $800 to several thousand dollars.
That’s where HFCU steps in again. In addition to offering low-rate auto loans for new and used EVs, they also provide signature loan specials—short-term, lower-interest personal loans to cover charger installation costs.
“We offer signature loans from $300 to $2,500 at 1% below our regular rate,” Moeller explains. “It’s a better option than putting it on a credit card, which can hurt your score.”
For members who don’t qualify, HFCU explores options like using equity from a current or paid-off vehicle. “Whatever our members’ circumstances are, we try to find a way to get it done,” Moeller says.
It’s just one more way HFCU supports the full EV lifestyle.
In the early days of EV financing, the biggest obstacle wasn’t the vehicle—it was the paperwork. In many cases, EV buyers were handed the title documents and left to navigate the process themselves.
That may not sound like a big deal—until you realize what’s at stake.
“If the title work isn’t filed correctly, you may not legally own the vehicle you just paid for,” says Moeller. “That means no registration, no plates, and a whole lot of frustration.”
It was a messy, high-stakes process that left buyers vulnerable to delays and complications—especially first-time EV owners.
But not anymore. After working through multiple test cases and ensuring titles and liens could be perfected correctly, HFCU now offers full EV financing across all brands—no surprises, no red tape.
Today, financing an electric vehicle through HFCU is just as simple and secure as financing any other car. The title work gets done right the first time, and buyers leave with peace of mind—not a stack of paperwork.
Skip the Dealership Drama—Start with an HFCU eVIP Check
Electric vehicles may feel like a leap into the future—but that doesn’t mean buying one has to be complicated. HFCU’s eVIP check lets members shop like cash buyers, wherever they’re buying.
“You walk in with your check and say, ‘Let’s make this happen,’” says Moeller. “No need for the dealer to pull your credit ten times. No back and forth. You’ve got your financing ready to go.”
Here’s how it works: Once you’re pre-approved, HFCU sends you an eVIP check you can print from home. Bring it to the dealership, and it works just like a traditional check. Moeller often walks buyers through the process himself, including how to request pricing before they even visit the dealership.¹
“We tell members: know your price, avoid add-ons you don’t want, and walk in with confidence,” he says. “You can be out in an hour instead of spending half your day at a dealership.”
Whether you’re buying an EV or a traditional vehicle—it’s fast, flexible, and built around the buyer—not the lender.
By Monica Vanover on June 6, 2025
