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The $317 million, 22,500-member United Teletech Financial Federal Credit Union in Tinton Falls, N.J., is launching its third-annual Million Dollar Community Challenge, a campaign aimed at helping members save at least $1 million in interest expense, while the credit union donates to local charities based on those savings.

During the first two years of UTFsCommunityChallenge, members saved more than $3.6 million in interest expense, and more than $31,000 was donated to charities, the credit union said.

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