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
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
13 hours ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
15 hours ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
15 hours ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
15 hours ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
17 hours ago