Rate Reset, a software firm whose platforms allow borrowers to change the interest rates on auto and home loans, announced another credit union has signed on to begin offering the service to its members.

The McLean, Va.-based company said the 23,000-member, $295 million Mid-Atlantic Federal Credit Union will offer members its Rate Reset for Auto and LoanGEN for Auto platforms.

Rate Reset for Auto allows members to reset their auto loan rates without spending additional money and time refinancing, plus allows credit unions to achieve greater auto loan retention, the company said. LoanGEN for Auto permits credit unions to easily acquire auto loans from other institutions.

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