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
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron http://t.co/lfPgOXZ7sO
12 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market http://t.co/Q9ec9DGLDN
13 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
14 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market http://t.co/fMEENGuWPi
15 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
15 hours ago