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
CUNA Mutual Group joins Invest in America
MADISON, Wis. (1/29/09)--CUNA Mutual Group joined credit unions nationwide Wednesday with supporting initiatives for purchases made from automakers General Motors and Chrysler Corp. through the “Invest in America” program. The credit union loan program includes nearly 8,000 credit unions nationwide and makes available $80 billion in credit union auto loans for new-vehicle purchases. The national program with Chrysler runs through June 30, and layers on top of recently announced Employee Pricing. GM’s national program runs through March 31, but it has extended the program in Michigan, Illinois, Indiana and Ohio to June. The states were part of the pilot program. CUNA Mutual is offering added incentives, including:
* Free online auto loan applications (for credit unions) through CUNA Mutual’s loanliner.com; * Discounts on quick, automated decisions on loan applications; * A discount of up to a 25% for participation in CUNA Mutual’s target marketing program, which identifies creditworthy members who may be in the market for a new vehicle, based on the life of their existing auto loan.
“Participating in the Invest in America program is a natural extension of our continued commitment to credit unions,” said Kevin Lentz, CUNA Mutual senior vice president of Service Product Lines. “It’s also a great way for CUNA Mutual to do its part to stimulate the economy.” The “Invest in America” program offers supplier pricing on new GM vehicles and rebates of $500 or $1,000 on eligible Chrysler, Jeep and Dodge vehicles. The discounts are offered in addition to most cash incentives both manufacturers are offering. CUcorp, a wholly owned subsidiary of the Michigan Credit Union League (MCUL), created and coordinated the program with GM and Chrysler. “As one of the largest and most influential companies servicing the credit union market in the U.S., CUNA Mutual Group’s support will give another major component to this important campaign to boost domestic auto sales,” said David Adams, president/CEO of CUcorp and MCUL. “This is another example of broad credit union industry support for U.S. automakers and our national economy.”
Other Resources

RSS





print
News Now LiveWire
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
23 minutes ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
1 hour ago
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
15 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
20 hours ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
20 hours ago