Credit Union Members Returning to U.S. Auto Brands (6/8/09) Credit union members are showing their support for American-made products by purchasing a record number of vehicles through the credit union discount program “Invest in America.” More than 20% of the sales are from members who previously owned an import.
Michigan Credit Unions Show Strong First Quarter Growth Based on first quarter aggregate call report data obtained from the National Credit Union Administration, Michigan credit unions show they are growing and lending to their members during Michigan’s most challenging economic climate in history.
Credit Unions Pledge Financing Support for Chrysler Vehicles (5/7/09) America’s credit unions, through the “Invest in America” program, are pledging their support for Chrysler LLC during its comprehensive restructuring announced last week. As credit remains tight for domestic autos, credit unions boast over $160 billion in liquidity available for member loans of all types, including new car loans.
“Invest in America” Program Approaching 100,000 Vehicles Sold (4/20/09) The “Invest in America” credit union member discount program has contributed to this growth, as more than 1,300 credit unions nationwide have adopted the program and have brought an estimated $2.1 billion in revenue to GM and Chrysler through the sale of 85,847 vehicles.
Regulatory Affairs
