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Co-op Services Credit Union Hits Goal to Save Community More Than $200,000

LIVONIA, MI (July 29, 2013) — Co-op Services Credit Union announced it achieved its goal to save members of the community more than $200,000 in auto loan interest through the “Amazing Auto Loan Challenge.”

The Challenge offered rates as low as 1.79% APR for up to 72 months along with an additional $100 for members who helped the credit union achieve its goal by financing a new vehicle or refinancing an existing auto loan from another financial institution between April 17 and July 31.  Everyone who participated will receive $100 deposited into their account.

“We created the Auto Loan Challenge because we realized that we could save members an average of more than $550 over the life of the auto loan. We wanted to bring that savings to the entire community,” said Lisa Fawcett, Co-op Services’ vice president of marketing. “We give our members special thanks for spreading the word to their friends and family about the challenge.  They helped us hit our goal.”

There is still an opportunity for people to take advantage of these low rate loans and to refinance auto loans from other financial institutions.

For more information about Co-op Services’ low interest auto loans or to apply for an auto loan online, visit www.cscu.org.

Headquartered in Livonia, Co-op Services Credit Union has more than 49,000 members and maintains eight full-service branch offices in the Detroit metro area.  Members also have access to more than 6,800 credit union service centers and nearly 30,000 ATMs nationwide.  Member deposits are insured to $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Co-op Services, visit the credit union web site at www.cscu.org or call 800.321.8570.

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