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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)

FirstCCU, a member-owned financial institution, has been serving the Stateline for over 90 years. With seven full-service branch locations in Beloit, Janesville, and Monroe, Wisconsin, and Rockford and Roscoe, Illinois, FirstCCU has over 25,000 members and $310 million in assets, making it a Bauer Financial 5-Star Superior Safety-rated credit union for more than 24 consecutive years.

Contacts

Kristi Hanson
Marketing Director
khanson@firstccu.com
(608) 368-7687
First Community Credit Union
Beloit, WI

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