Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CU hopes to spark local economy with low-rate auto loans
FRESNO, Calif. (2/11/09)--Educational Employees CU (EECU) will begin offering car loans Thursday with interest rates as low as 2.99%, which is several percentage points below the national average. The promotion ends Feb. 20. The deal offered by the Fresno, Calif.-based credit union includes the following conditions: the low rate is good solely in Merced, Calif.; the rate applies only to 2006 model vehicles or older; and members have to qualify to obtain the rate (Mercedsun-star.com Feb. 10). The rate applies for new purchases or refinances, and the credit union is offering 100% financing, EECU told the newspaper. It’s a good development to see financial institutions getting aggressive with auto financing because many banks are not lending or they’re just waiting while matters get worse, Perry Robinson, general sales manager at Merced Volkswagen Kia, told the paper. Several car buyers already had visited Robinson’s dealership Monday after the new rate was announced, Robinson added. EECU has $1.746 billion in assets.
Other Resources

RSS





print
News Now LiveWire
What will a viking raid? Town or your wallet? http://t.co/JJYXXAGk7g @OhioCreditUnion @GCUAGov #StoptheDataBreaches http://t.co/7jc7rECKSF
5 minutes ago
#creditunions face 'perfect storm' of tech changes in 2015 #NewsNow http://t.co/K2a6GZX8k5
20 minutes ago
Middle-class families walking a tightrope with little savings @pewresearch HT @CNNMoney http://t.co/Pfu2KHASZa
16 hours ago
.@CUNA's @SchenkMike on @federalreserve meeting: http://t.co/Ry39vjWdA1
17 hours ago
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
19 hours ago