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Members at CU double refinance-savings goal
RACINE, Wis. (5/29/09)--Educators CU members already have surpassed their yearly Fast Lane Financing savings goal of $2 million--five months into 2009. On May 13, the total savings for refinanced loans tallied $2,251,695. The $1.018 billion asset, Racine, Wis.-based credit union challenged its members to track interest savings on all refinanced loan products obtained through other financial entities. (WISN.com May 27). Educators CU came up with the challenge idea, reasoning that many people did not get as good of a financing deal with other lenders as they may have originally thought, the credit union told the station. With seven months left in the year, the credit union said it will attempt to have its members more than double the original goal--which would save members another $3 million by the end of 2009.
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