LANSING, Mich. — Ahead of its timetable, the "Invest in America" auto financing program of the Michigan Credit Union League in a team-up with General Motors Corp. and Chrysler is now going nationwide.

Formal announcement of the "Invest" expansion is being made later today in a conference call where participating CU executives can ask questions of GM and Chrysler executives about the program which offers rebates, price incentives and lower rates to members taking out loans on branded vehicles.

The program with an eye on quick national coverage, but with a June 30 cutoff, was launched as a pilot last month among a group of Midwest state leagues first with GM dealers and later with Chrysler. It has since expanded to a dozen more states in the South and Midwest. Negotiations have continued, said Michigan League officials, with Ford Motor Co. in hopes the No.3 automaker will sign on, too.

While the program has won favorable media coverage, officials said they do not yet have firm figures on the public response in connection with CU loans made at dealers. The "Invest" program has been designed to show the industry's moral and financial support to beleaguered automakers and the struggling communities where plants are located.

In the 30-minute conference hookups today, CU executives following a separate call-ins with reporters can "tune in" to ask questions of James Bunnell, GM executive director of channel marketing; Michael Keegan, vice president of volume planning and sales operations for Chrysler or David Adams, president/CEO of the Michigan League.

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