Press

First Community Closes Record 100 Million in Auto Loans During July

BELOIT, WI (August 2, 2022) — The much-publicized rate increases by the Federal Reserve have not adversely impacted auto lending at First Community. During the month of July, First Community originated over 100 million dollars in consumer vehicle loans. First Community is always among the top auto lenders in the area but this was their highest volume month ever. “Auto loans have always been what we do best.” said Glenn D. Barks, President & CEO. “Over the last 20 years we have built a robust indirect dealer network here in St. Louis while continuing to close a high volume of loans directly, in-house. I’m not going to say we will always have the lowest rate but we do have some great rates and we do everything we can to keep our rates highly competitive. It’s what our members expect from us”.

About First Community Credit Union (WI)

First Community Credit Union is a member owned financial institution serving eight full service branch locations in Beloit, Janesville, and Monroe, Wisconsin and Rockford, Belvidere, and Roscoe, Illinois. With over 25,000 members and $300 million in assets. FirstCCU is a Bauer Financial 5-Star Superior Safety rated credit union for more than 24 consecutive years. For more information, please visit www.firstccu.com.