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
Charlotte Metro FCU profiled in auto-refinance story
CHARLOTTE, N.C. (5/26/09)--Charlotte Metro FCU was profiled last week in a story about auto-loan refinancing on WSOC-TV Channel 9 in Charlotte, N.C. The segment focused on credit union member Monica Johnson, who refinanced the auto loan on her Jeep Commander two weeks ago at 6.25%, down from an initial rate of 7.64%. With the lower rate, Johnson’s monthly payment dropped to $288 from $298, which may not seem like much, but it adds up, the segment indicated. “Over the life of the loan, I’ll probably save a good--I’d say about a good $2,000,” Johnson said. Auto-loan refinancing is a big draw for new members at the $184.3 million asset credit union. No matter the type of car or the age of the vehicle, the credit union can save members a percentage point or more on interest rates, depending on the member’s loan balance and credit score, said Liz Ramos, Charlotte Metro vice president. “We can save [members] anywhere from $25 to $50, $75 [per payment],” she added. Members can refinance in about 30 minutes if they bring in their old auto finance contract, their account number and mailing address for the payoff, a 10-day payoff quote, a driver’s license and two pay stubs, the credit union said.
Other Resources

RSS





print
News Now LiveWire
App puts #CUNAGAC in palms of attendees' hands #NewsNow http://t.co/piabPHIGb5
14 hours ago
App puts #cunagac in palms of #creditunion attendees' hands http://t.co/2XZC3LWw6Z
15 hours ago
Breaking at #NewsNow: @CUNA files amicus brief in Florida interchange case. http://t.co/gWSBjCtSD7
16 hours ago
What is the @NCUFoundation ? Watch this Foundation video: http://t.co/iC6XoInU7r
18 hours ago
Follow @cumagazine for even more #CUNAGAC live-action reports March 8-12 #creditunion #creditunions #UniteForGood
21 hours ago