Apparently meeting pent-up demand, the $678 million One Nevadain Las Vegas is witnessing a big bounce on auto loans following alocal refinance marketing promotion.
|The state's largest credit union said Thursday its Feb. 10-March30 promotion resulted in 500 member refinances in 50 days, bringingin $8 million in loans.
|The loans “represent a 42% growth rate in the portfolioyear-to-date and saved local Nevadans more than $1.2 million a yearin combined monthly loan payments,” said Greg Barnes, senior vicepresident of marketing.
|“We're extremely happy to save our members substantialamounts off their auto loan payments,” said Brad Beal, president/CEO. “Many of these folks were paying muchhigher interest rates elsewhere even though they had good creditscores.”
|One Nevada said it would hold another auto loan refinancepromotion this summer.
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