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CU System
CUs against junk driving program nets NCUF grant
BATON ROUGE, La. (3/14/08)--Southern Teachers and Parents FCU in Baton Rouge has taken a stance against “junk driving.”
Southern Teachers and Parents FCU, Baton Rouge, used a grant from the National Credit Union Foundation to help members buy their first car under its "Credit unions against junk driving” program. From lef: Ronald F. Smith, program coordinator; Sheila Minor Caldwell, the first member to buy a vehicle in the program; and Richard Turnley Jr., treasurer and manager. (Photo provided by Southern Teachers and Parents FCU)
With the help of a $29,840 National Credit Union Foundation (NCUF) grant, the credit union’s members will no longer have to drive cars that are ready for the junkyard. Instead, members who meet criteria and who attend auto workshops at the credit union will be eligible to receive up to $1,000 on a down payment toward their first car purchase (eNews March 12). The program, which bears the motto: “Credit unions against junk driving. We won’t let our members drive junk,” began in February and will end February 2009. Nonmembers may attend the workshops, but must become a member for the down payment incentive. Workshop topics include: financial planning, preventive car care maintenance, tips for buying a pre-owned car and auto financing.
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