With the goal of savings its members $1 million in loan interest by the end of the year, Notre Dame Federal Credit Union said it recently met that challenge.
The $427 million credit union in South Bend, Ind., launched its Million Dollar Savings Challenge at the start of 2012. The cooperative said it reached the goal on Dec. 6.
Throughout the year, Notre Dame FCU offered to save members 2% or more on any existing non-NDFCU loans. If the credit union was not able to offer the savings, the applicant would walk away with $25.
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