PLEASANTON, Calif. (10/24/13)--Patelco CU, Pleasanton, Calif., announced this week that its "Switch to Save" auto refinance program has saved members more than $1 million.
"The success of this program shows that Patelco is truly in a position to improve the financial lives of a great number of people," said Ryan Misasi, Patelco's Chief Retail Officer.
"Switch to Save" offers to pay someone $25 if refinancing auto loans or switching credit cards to Patelco doesn't save them money. Most people who have gone through the program have been able to save a significant amount of money, thus totaling more than $1 million dollars for the close to 1,000 participants who've been eligible to save through the program so far.
The program was initially rolled out a just a few branches before it was recently expanded to all Patelco locations. It is available to members of the community as well as current credit union members.