NuVision Refi Promo Saves Members $25M
The Huntington Beach, Calif., credit union's program allowed members to refinance mortgage loans and replace them with lower interest credit union mortgages.
The credit union had a goal of saving its members $26 million, but in the end had to accept having reached 97% of that target.
"With all of the changes in the mortgage industry during 2013, including the mid-year shift away from a refinance environment, we are proud to have reached 97% of our initial goal of $26 million in member savings," said L.J. Tarman, vice president of marketing and public relations at NuVision. "We are so pleased with the success of this program that has helped so many of our members keep more money in their pockets." In addition, NuVision members saved even more in loan interest on consumer loans such as credit card and auto loans by refinancing with NuVision. "Even as our 2013 Switch & Save Challenge comes to an end, the savings go on," added Tarman. "We encourage our members to continue to see how much they can save by switching to NuVision in 2014."