MemberTree Consultancy’s Community Challenge program saves consumers $3.6 million in interest savings in 2013

FARGO, ND (December 11, 2013) — MemberTree Consultancy, an H2M company, has saved credit union members $3.6 million in interest savings this year through its Community Challenge program. Four credit unions across the United States participated in the Community Challenge.

The program challenges a community to save a designated amount in loan interest within a certain timeframe. Community members save money when they refinance a loan with the participating credit union. After the savings goal is reached, the credit union donates a lump sum to chosen local charities.

“The mission of the Community Challenge is to help consumers plan for their financial security. We want to help everyone save money and reduce their debt by shortening debt duration and improving cash flow,” Dan Altenbernd, MemberTree COO, said. “To be able to save $3.6 million in interest for consumers is incredible and aligns with the mission of credit unions.”

Four credit unions participated in the Community Challenge in 2013 and three more campaigns will launch in January 2014.

“Our stand-out campaign was from Jersey Shore Federal Credit Union. They doubled their savings goal, brought in $3.8 million in new loans and were able to reduce interest rates by more than 50% for a total of 225 new and existing members,” Altenbernd added.

“In today’s difficult times, we wanted to do something to help the members of our community.  So we partnered with MemberTree, which provided us an avenue to help our current members and attract new members by helping them consolidate their debt, thereby saving them thousands of dollars in interest,” Virginia Williams, Jersey Shore FCU CEO, said. “In addition, the members were able to vote for four charities in the community that benefited from the challenge.  It was a win-win situation for everyone, and one of the best promotions we have ever done.  I would recommend the program to every credit union looking to increase loan volume,” Williams added.

To start a Community Challenge campaign, or for more information, please or call 866.551.0177.

About MemberTree Consultancy

MemberTree Consultancy is a division of the marketing agency H2M. H2M created the MemberTree division after years of working with credit unions, helping them succeed and understanding we can put our talents to great use by focusing our efforts on the betterment of credit unions across the country. For more information,


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