Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU's One-day Discount Brings In $1.3M In Loans
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.
RSS print
News Now LiveWire
.@LeagueofSECUs' brand campaign reaches 80M consumers #NewsNow #System http://t.co/yKmdYyXN2v
17 minutes ago
#NewsNow White paper from @CUNA Tech Council examines DDoS risk http://t.co/faMr9jnfzc
19 minutes ago
#NewsNow: Fraud, theft, money laundering get CU employees banned from work. http://t.co/s0AQZ4LWbW
1 hours ago
.@FHFA Federal Housing Finance Agency has new director-Office of Minority/Women Inclusion.It's Sharron Levine,frmr FHFA assoc. gen. counsel
1 hours ago
#NewsNow: Merrick Bank settles with FDIC for $16.1M due to deceptive practices. http://t.co/O51gyB6eZE
2 hours ago