North Side Community Federal Credit Union is making car ownership attainable for many who likely could not afford to otherwise.
The $11 million credit union in Chicago received a grant from the National Credit Union Foundation to expand its Used Auto Loan Initiative. As of March, 24% of the auto loans underwritten through North Side's new risk-based Access Auto Lending program were refinanced auto loans from other lenders and finance companies.
The program is open to both low-income members and others who meet other specified criteria.
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