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
ITimeI notes CUs program in Chrysler story
NEW YORK (11/11/09)--Credit unions’ participation in “Invest in America” was noted in a Time magazine article Nov. 4. The article, “Amid tumbling sales, Chrysler looks to future,” examined Chrysler’s future amidst an economic downturn. Chrysler, which declared bankruptcy in June, reported a 30% drop in October sales on Tuesday. However, Time noted that Chrysler has been supported by the “Invest in America” program, which provides discounts to Chrysler vehicle buyers who receive financing through a credit union. More than 2,000 credit unions nationwide have promoted the “Invest in America” program and discounts on Chrysler products, the magazine said. “Invest in America” also offers discounts on General Motors vehicles. Chrysler’s financial position has improved, Sergio Marchionne, Chrysler’s CEO, told Time. Chrysler’s cash reserves increased to $5.7 billion from $4 billion since the company came out of bankruptcy, he added. To read the article, use the link.
Other Resources

RSS





print
News Now LiveWire
CUNA: CUNA offices closed through Friday, News Now returns Monday http://t.co/a5xbLzQKDj
12 24 ago
Reminder: @CUNA's Madison, D.C. offices will be closed through Friday, open again on Monday. #NewsNow will publish Monday.
12 23 ago
MI dentist to match @CUDirect's $20K to @HurleyMedical as a result of #20for20 online voting http://t.co/hqmIc9LpK1 @CMNHospitals
12 23 ago
New #creditunion chartered in St. Louis - #LutheranFCU - by @TheNCUA http://t.co/faPfANGS0P. Only 3rd new FCU charter this year.
12 23 ago
Don't get hacked during the holidays-use these tips from @CUNA http://t.co/jEqxni6NhO #StoptheDataBreaches http://t.co/woIxPOIyys
12 23 ago