With the goal of savings its members $1 million in loan interestby the end of the year, Notre Dame Federal Credit Union said itrecently met that challenge.
|The $427 million credit union in South Bend, Ind., launched itsMillion Dollar Savings Challenge at the start of 2012. Thecooperative said it reached the goal on Dec. 6.
|Throughout the year, Notre DameFCU offered to save members 2% or more on any existingnon-NDFCU loans. If the credit union was not able to offer thesavings, the applicant would walk away with $25.
|“This effort has helped people refinance their loans and reducemonthly payments, giving them peace of mind, and getting themcloser to financial security,” said Notre Dame FCU President/CEO Thomas Gryp.
|Television commercials for the Million Dollar Savings Challengefeatured stories from real members who saved money on loan interestwith Notre Dame FCU and how their personal financial situationswere improved as a result, the credit union said.
|Notre Dame FCU serves more than 63,000 members.
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