The recent auto recalls by Toyota Motors has led Aspire Federal Credit Union in Clark, N.J., to reach out to members with a unique offer.

The credit union is offering members the option to trade in their recalled Toyota for a different vehicle and borrow the same amount as their original loan, plus up to $5,000 more if they are upside down on their loans. The term of the new loan is also extended by the credit union so members will have the same monthly payment amount as the original loan. The rate on the loan also remains the same for the member. The credit union determines rate by individual creditworthiness. The average rate on a used auto loan at Aspire is 8.47% and 6.94% for a new auto loan. The lowest base rate for a used auto loan available is 4.79% and 3.99% for a new auto loan.

According to the credit union, 200 members financed a Toyota vehicle at the CU, and approximately 60 of those members had vehicles on the recall list.