I called the credit union this morning and they did not approve my loan for the refinance. It had nothing to do with my credit, or so they said. It was due to the fact that according to their calcualtions and payoff figures, my car is worth less than the loan. Like way less according to the Credit Union. According to my on line research, it's worth a bit less than what I currently owe, but not as much as the CU said. Since I have an insane interest rate of course I owe "more". They did say that if the loan had originated with them, they do refinance car loans for customers in good standing. My loan did not orginate from the CU. The CU said they mailed me a rejection letter, which I'll probably get in the mail today or tomorrow. I'll read it, make sure it says what they told me on the phone and then shread the letter.
Ah well, I'm not going to argue with them, I gave it a shot, that's all I could do. I guess I'll just motivated myself to snowflake extra money towards paying off the car.