Connecticut's American Eagle Federal Credit Union is finding the ever-increasing promotions by dealers during the long holiday weekends is a good time to push auto loans, and over Presidents Day it will be plugging what it calls a below-market 1.74% rate.
The $1.3 billion AEFCU of East Hartford said in recent months it has adopted what it calls aggressive rates on personal and auto loans to spike lending volume.
On the 1.74% rate extended through March 3, “we feel that we have an aggressive offer at a relevant time as many local auto dealerships look to Presidents Day promotions to bolster their sales,” said Brian Kennedy, vice president of marketing/public relations.
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