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Upgrade to EarnSmart™Ready for the water
Finance new or used boats with terms that fit your plans, helping you head out prepared and confident.
Dreaming about fun in the sun?
Whether it’s a new fishing boat, a used pontoon, or the watercraft you’ve been eyeing for years, Gesa makes financing a boat simple. Members across Washington, Oregon, and Idaho get fast pre-approval, flexible terms, and support that sticks with you after the sale, so you can spend less time on paperwork and more time on the water!
New boats
Used boats
New boats
| APR* (as low as) | Loan Amount** | Max Term (months) | Vehicle Age |
| No Minimum | 60 | 2021+ | |
| No Minimum | 84 | 2021+ | |
| $25,000+ | 120 | 2021+ | |
| $50,000+ | 180 | 2021+ |
Used boats
| APR* (as low as) | Loan Amount** | Max Term (months) | Vehicle Age |
| No Minimum | 60 | 2012 – 2020 | |
| No Minimum | 84 | 2012 – 2020 | |
| $25,000+ | 120 | 2012 – 2020 | |
| $50,000+ | 180 | 2012 – 2020 |
How does financing a new or used boat work?
Whether it’s a new fishing boat, a used pontoon, or the watercraft you’ve been eyeing for years, Gesa makes financing a boat simple. Members across Washington, Oregon, and Idaho get fast pre-approval, flexible terms, and support that sticks with you after the sale, so you can spend less time on paperwork and more time on the water!
What you can finance?
Gesa boat loans cover motorboats, fishing boats, pontoon boats, sailboats, personal watercrafts, and similar vessels purchased for personal use. Trailers and outboard motors may also be included in the loan. Ask us for details.
Why get pre-approved first
Pre-approval takes 5 minutes or less for many applicants and gives you a clear budget before you visit a marina.
Then, you can compare vessels within your actual price range and make decisions based on your budget.
What do I need to apply for a boat loan?
Gathering a few basics before you start keeps the process moving. You’ll need:
- Contact information
- Housing and employment details
- Income information
- Boat details (year, make, model) if you’ve already found one
Haven’t picked an boat yet? Start with a pre-approval and shop with a clear budget already in hand.
Why finance your boat loan with Gesa Credit Union?
Gesa exists to serve members, not shareholders (we don’t have any), and that shapes how we approach lending. From pre-approval to payoff, here is what you can expect:
- Fast pre-approval
- Flexible terms
- Local lending decisions
- Support after the sale
Frequently asked questions
You can finance most boats and watercraft for personal use, including motorboats, fishing boats, pontoon boats, sailboats, and personal watercraft such as jet skis and WaveRunners.
In many cases, yes. Trailers and outboard motors may be included in the loan amount. Contact Gesa before you shop so you know exactly what your financing can cover.
A Hull Identification Number, or HIN, is a serial number assigned by the manufacturer that uniquely identifies a vessel… similar to a VIN on a car. You may need it during the application process, especially for used boats. You can usually find it on the upper starboard side of the transom.
Yes. Gesa offers financing for both new and used boats, with flexible terms based on the vessel’s age, loan amount, and your budget.
Vessels with salvage or branded titles and lemon law buybacks don’t qualify. Eligibility may also depend on the vessel’s age and condition; contact Gesa for full program details before you shop.
Yes. Personal watercrafts, including jet skis, WaveRunners, and Sea-Doos are eligible for financing under Gesa’s boat loan program.
Apply online, by phone, or in a branch, and if approved, you’ll receive a repayment plan tailored to your budget. Once your loan is finalized, you can complete your purchase and get out on the water.
Pre-approval gives you a clear budget in minutes, so you can shop knowing exactly what you can afford and negotiate with confidence at the dealership or marina.
For many applicants, pre-approval takes five minutes or less and lets you start shopping right away with a defined price range.
You’ll need basic contact, housing, employment, and income information. If you’ve already chosen a boat, having the year, make, model, and seller details helps speed things up.
No. You can start with a pre-approval and shop knowing your budget, then finalize your loan once you’ve found the right vessel.
Terms vary based on the vessel’s age and loan amount, with options designed to help keep payments manageable. Contact Gesa for current term options.
Gesa members in Washington, Oregon, and Idaho can apply. If you’re not a member yet, you can join when you apply.
As a member-owned credit union, Gesa focuses on flexible terms, local lending decisions, and support that continues long after the sale.
Disclosures:
* APR = Annual Percentage Rate. Rates, terms, and fees are subject to change. Approval subject to Gesa Credit Union membership, credit approval and other underwriting criteria; not every applicant will qualify.
On new and used recreational vehicles and boat loans, max advance (loan value) is based on approved credit tier plus tax, license, and dealer add-ons that are claimed refundable. Maximum loan amount is $200,000. Includes a $150 documentation processing fee. Rate is dependent on credit qualifications. Other rates and terms available. Contact Gesa for full program details.
Ineligible Collateral: salvage vehicles, branded titles, lemon law buybacks, or vehicles with over 125,000 miles.
Gesa offers a range of rates that depend on factors such as credit history, loan term, and Gesa account. Actual rates are disclosed to approved applicants in writing prior to loan consummation. Rates do not apply to refinances of loans that originated from Gesa.
New Recreational Vehicle Loan Payment Example:
If you borrowed $10,000 at a APR and paid it back over 60 Months, your monthly payment would be $.
If you borrowed $10,000 at a APR and paid it back over 60 Months, your monthly payment would be $.
Used Recreational Vehicle Loan Payment Example:
If you borrowed $10,000 at a APR and paid it back over 84 Months, your monthly payment would be $.
If you borrowed $10,000 at a APR and paid it back over 84 Months, your monthly payment would be $.
Facing an unexpected financial emergency?
We offer a range of relief options to ease short-term stress and support you.
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We’re in the business of growing yours.
We have the accounts, products, and services to help you and your small business succeed.
Banking made
for you.
for you.
With best-in-class rates and a variety of everyday banking products, Gesa has the right account, card, or loan for you.
Routing Number 325181248
We have upgraded to a new account opening process. Click Get Started to continue.
Getting started is easy!
Applying should only take a few minutes. Please have these documents ready:
- Social Security Number (SSN)
- Color copy of driver's license, state ID, or US Passport
- Contact info
-
Opening deposit by debit card or e-transfer*
*Credit cards are not accepted.
Call (888) 946-4372 or apply at a branch
Already a member?
Use your online banking log-in to pre-fill your application with saved information.
You can easily change your debit card through our affinity form.
Notes & Fees Glossary
| Disclaimer | ||
|---|---|---|
| SmartPlus Checking | [APY] Minimum opening balance of $25 required if the account is opened online. In order to earn APY and receive unlimited domestic ATM fee refunds, you must meet the following requirements during each monthly qualifying period: provide and maintain valid email address, apply for and use your Visa debit card to make 15 debit card transactions that post and settle to your account, have at least one direct deposit of $200 or more post to your account, and enroll to receive eStatements. If the requirements are not met during the monthly qualifying period, the “non-qualifying” 0.01% APY will apply to the entire balance. Dividends on a SmartPlus Checking account will be compounded and credited to a member’s account each month. Dividends are calculated using the daily balance method. Qualifying account balances must meet minimum requirements. Rate may change after the account is opened. The qualifying period begins with the first day of the calendar month and ends on the last day of the calendar month at 6:00 P.M. Pacific Time. ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. No monthly fees and no minimum balance required to open or maintain account unless opened online. Fees could reduce earnings on the account. Limit of one SmartPlus Checking account per member. APY is accurate as of , the last dividend declaration date. | A7KD4W9LQXZT |
| Smart Checking | *There is a minimum opening balance requirement of $25.00 if the account is opened online. Regular users of Gesa’s electronic services may want to consider SmartPlus Checking for additional benefits. [Courtesy Pay] | M3VY82CNRLKP |
| Student Checking | [APY] Dividends on Student Checking Accounts are calculated using the daily balance method and will be credited to the member’s account every month. Rate may change after the account is opened. If you close your account before dividends are paid, you will not receive the accrued dividends. The minimum balance to open an account is $5.00, the par value of a share. Courtesy Pay is not offered on Student Checking Accounts. Only electronic transactions such as debit card or ACH transactions are permitted. Fees could reduce earnings on the accounts. | JXZ7V5MWLQ92 |
| Smartplus Savings | [APY] In order to earn a high dividend rate, you must meet the following requirements during the qualifying monthly period: a) provide and maintain a valid email address; and b) be enrolled to receive e-statements. If the requirements are not met during the monthly qualifying period, the “non-qualifying” 0.01% APY would apply to the entire balance. Dividends on an SmartPlus Savings Account will be compounded and credited to a member’s account each month. Dividends are calculated using the daily balance method. Qualifying account balances must meet minimum requirements. Rate may change after the account is opened. The qualifying period begins with the first day of the calendar month and ends on the last day of the calendar month at 6:00 P.M. Pacific Time. No monthly fees and no minimum balance required to maintain account. Minimum opening deposit of $5. Fees could reduce earnings. Limited to one SmartPlus Savings account per member. | P9T6QF2XJBLC |
| Smart Savings | [APY] Dividends on Smart Savings are calculated using the daily balance method and are paid monthly. Rate may change after the account is opened. No monthly fees and no minimum balance required to maintain account. Minimum opening deposit of $5. Fees could reduce earnings on the account. | Y4MKZ3WVTPQ8 |
| High-Yield Savings | [APY] Dividends on the High Yield Savings account are calculated using the daily balance method and are paid monthly. No monthly fees and no minimum balance required to maintain account. Minimum opening deposit of $5. Fees could reduce earnings. | NDLXQ98R5VTE |
| Money Market | [APY] Dividends for the Money Market Account are calculated using the daily balance method which applies a daily periodic rate to the balance in the account each day. You must maintain a minimum daily balance of $2,500.00 in your account each day to obtain the disclosed annual percentage yield. The minimum balance required to open this account is $2,500.00. There is a minimum average daily balance of $2,500.00 required to avoid a service fee for the calendar month. If the minimum average daily balance requirement is not met, you will be charged a service fee as stated in the Consumer Fee Schedule. New rates are set on the first of each month; rate may change after the account is opened. Fees could reduce earnings on the account. | GQ37ZVKY1WLM |
| Fixed Certificate | [APY] A penalty may be imposed for early withdrawal. Fees may reduce earnings. The minimum balance to open the certificate is stated in the chart. Early withdrawal penalties apply (a penalty may be imposed for withdrawals before maturity): If your account has an original maturity (term) of less than 12-months: The penalty will equal 90 days interest on the amount withdrawn subject to penalty. If your account has an original maturity (term) of 12-months or more – up to, but less than 36-months: The penalty will equal 180 days interest on the amount withdrawn subject to penalty. If your account has an original maturity of 36-months or more – up to, but less than 48-months: The penalty will equal 365 days interest on the amount withdrawn subject to penalty. If your account has an original maturity of 48-months or greater: The penalty will equal 540 days interest on the amount withdrawn subject to penalty. In certain circumstances such as the death or incompetence of an owner of this account, the law permits, or in some cases requires, the waiver of the early withdrawal penalty. For any account which earns an interest rate that may vary during the term such as a bump certificate, the interest rate we will use to calculate this early withdrawal penalty will be the interest rate in effect at the time of the withdrawal. You may make withdrawals of principal from your account before maturity. In making such withdrawals, your balance may not fall below the minimum or we will close your account. Principal withdrawn before maturity is included in the amount subject to early withdrawal penalty. You can withdraw interest only on the crediting dates without penalty. A $500 minimum deposit is required for consumer, IRA, and business certificates. Early withdrawal penalties may apply and may reduce earnings. Certificate rate is for a limited time only and could end at any time. Stated rate as of the first day of the month. | H85PLKJXZ2QM |
| Bump Certificate | [APY] A penalty may be imposed for early withdrawal. Fees may reduce earnings. The minimum balance to open the certificate is stated in the chart. The Certificate owner must contact Gesa Credit Union to request the one-time rate increase on Bump Certificate accounts. The rate on the Bump Certificate will be changed on the following business day of the date Gesa Credit Union receives the request. The bump option can only be exercised once during the term of the Certificate and does not increase the term of the certificate. The new interest will not be applied retroactively. The new interest rate will be the interest rate we are then offering on regular certificates (non- bump rate certificates) that have the same term and minimum balance. Bump Certificates are only available for consumer and IRA Certificates. Early withdrawal penalties will apply. Minimum deposit balance must be maintained to earn APY and fees may reduce earnings on the account. Special offer for a limited time only. | RXNQ72MLYV9C |