MILWAUKIE, Ore. (7/19/13)--A one-day, 1% discount promotion helped Clackamas FCU, Milwaukie, Ore., attract $1.3 million in consumer loans June 21.
A typical Friday would bring in about $90,000 in originated, secured consumer loans balances, the $250 million asset credit union said.
"To see this success for our members is extremely rewarding," said Andrew Vahrenkamp, Clackamas FCU chief financial officer. "This promotion is mutually beneficial to our members and the local communities--enabling us to give back a significant amount of money to the areas we serve."
The discount was available for any vehicle or secured consumer loan of $10,000 or more.
The summer traditionally brings families added expenses such as vacation costs and recreational fees, Vahrenkamp said. Clackamas created the special one-day offer to help members save money, he added.