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LANSING, Mich. -The Michigan Credit Union League teamed up with CUNA, other Midwest leagues and General Motors Corp. Wednesday in rolling out a $10 billion package of low-rate loans to purchasers of GM brands.

In detailing what was described as a “dramatic” announcement with nationwide impact, the Michigan League forecast that 1,200 CUs in Michigan, Ohio, Illinois and Indiana will partner with GM in the “Invest in America” program to offer members access to low loan rates at 5.4% or about 4.5% off sticker prices. Also in the package are price discounts on new cars.

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