United Teletech Financial Challenges Community

Ron Amar
Marketing & Community Relations Manager
United Teletech Financial
(732) 530-8100 extension 3054
ramar@utcu.org
utfinancial.org

Million Dollar Community Challenge returns for 2nd year
 
(TINTON FALLS, N.J.) – United Teletech Financial is posing a challenge to community members for the second summer in a row: save a million dollars and help out local charities.
 
United Teletech Financial wants community members to save a combined total of one million dollars in interest expense this summer. The Second Annual Million Dollar Community Challenge aims to not only save individuals money, but bring money back to the community.
 
“We’re so pleased to bring this challenge back for a second year. Knowing we are helping individuals save money and reduce debt is great, but it’s even better knowing that we are able to contribute to such worthwhile charities,” Leo Ardine, CEO of United Teletech Financial, said.
 
When the community has saved a million dollars in interest expense, United Teletech Financial will make a donation to four local charities.  Upon the closing of a qualified loan, members will be able to select which participating charity will receive their donation. Donations are based on a percentage of total interest saved.  The public can also vote for a People’s Choice winner online at JerseySaves.org. The charity that receives the most votes for People’s Choice will receive an additional $500 donation from United Teletech Financial.
 
Charities involved include Big Brothers Big Sisters of Monmouth & Middlesex Counties, Clean Ocean Action, FoodBank of Monmouth & Ocean Counties and The Salvation Army-Red Bank Corps.
 
United Teletech Financial offers two ways to save on interest rates during the Million Dollar Community Challenge with its TimeShifter mortgage loan and the Cut the Card personal loan. The TimeShifter mortgage helps to reduce mortgage terms – potentially saving the consumer thousands in interest expense. The Cut the Card loan aims to create a fixed rate payment plan to lower interest while increasing cash flow.
 
“This challenge goes beyond saving money on interest expense to teach individuals how to be more financially responsible,” said Ardine.
 
This is the Second Annual Million Dollar Community Challenge and will run through September 29. Last year the community saved over $1.8 million dollars in loan interest through this initiative, and $13,000 was donated to participating charities.
 
For more information on the Million Dollar Community Challenge or to get involved call 866-GO-ALL-EARS or visit JerseySaves.org.

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