The 75,000 members of the $1.2 billion NuVision Federal CreditUnion in Huntington Beach, Calif., have saved $3.5 million sofar this year in interest on mortgage, auto and credit card loansby refinancing existing loans with the credit union, NuVisionannounced.
|The credit union announced the Switch and Save Challenge inJanuary, and pledged to save members $26 million in loan interestin 2013.
|The credit union added a loan calculator on its website thatmembers and non-members can use to determine what they could saveby refinancing.
|“This is a great program that has really inspired our members totake action,” said L.J. Tarman, NuVision's vice president ofmarketing.
|“Members are taking advantage of NuVision's low interest ratesby refinancing their existing home loans, car loans and creditcards. Our goal is to help our members save $26 million on loansthey already have. The best part is that everyone is eligible formembership,” Tarman said.
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