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Ro Wilson, group business development manager for Enterprise Car Sales in North Carolina, and Paris Aranguiz, president/CEO of Carolina Cooperative Federal Credit Union, are working together to help members struggling to get car financing.

When a teacher recently sought relief as she struggled to make the $500 monthly payments on her Volvo, Carolina Cooperative Federal Credit Union felt it had just the solution she needed.

Through a partnership with Enterprise Car Sales, the $43 million credit union in Charlotte, N.C., launched what it calls its “Basic Transportation” program. Enterprise markets the service as “Vehicle Connector.” Credit unions, which can qualify members regardless of their credit score, help borrowers select a car that meets the buyer’s needs and price range. Enterprise pays Carolina Cooperative $250 for every loan approved. The credit union charges a 15% rate on all car loans, which are geared toward members who have less than stellar credit.

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