Members with a few dings in their credit scores may still haveanother auto financing option through TruWest Credit Union.
|The $761 million CU in Austin, Texas has rolled out its TruWestAutoSmart Program. For financing or refinancing with thecooperative, members will be eligible to receive $50 for directauto loans over $10,000 and the option to not make a payment forthe first three months.
|“TruWest believes that even those who may have fallen on hardtimes deserve a great rate, which is why we are launching the newauto loan program that undoubtedly offers some of the lowest ratesfor them to take advantage of,” said Farid Farbod, TruWest chieflending officer.
|A number of CUs are working with members who have fallen on hardfinancial times and as a result, their credit scores have taken ahit.
|Among them is the $1.3 billion ORNL Federal Credit Union in Oak Ridge, Tenn. The $11million NorthsideCommunity Credit Union in Chicago recently received agrant to expand an auto loan program for those who may not be ableto afford purchasing a vehicle. A basic transportation program atthe $43 million Carolina Cooperative Federal Credit Union in Charlotte,N.C. qualifies members regardless of their credit score.
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