Member Saving Stories

Members had a simple request, and Erin made sure they left SAVING OVER $3000!

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A union member came to the branch to upgrade his account and add his wife as joint. Since we had their new application, I offered to do a Loan Review to see if we could save them money on any loans they had. I asked if they had any vehicle loans, and they decided they wanted to apply to refinance their truck.

With the auto refinance, I was able to lower their interest rate from 24% to 6.49% and save them $124/month, all in keeping with the same length of term and number of payments they would have had with the old loan, which will save them about $3,472 over the remaining time of the loan!