Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
Sony hack linked to N. Korea, says U.S.intelligence via @nytimes http://t.co/fE3PtMgEFz
13 hours ago
.@CUNAMutualGroup Klewin shares final thoughts, forecast on lending regulations with @cumagazine before retiring http://t.co/v78QY3QwqB
15 hours ago
Current @CUNA COO @JillTomalin promoted to deputy chief of staff
16 hours ago
#CU Effect:@ChartwayFCU 'branch of the future' 2 benefit members, staff. 2nd installment of new News Now series here:http://t.co/ImBY4nupEj
17 hours ago
U.K. regulators have given formal authorization for the @c_of_e to form a #creditunion.
17 hours ago