One Detroit Credit Union said it is expanding its Auto Bailout Program, which refinances high-interest auto loans for members. It will now offer the program to all qualified local borrowers.
Since the program launched in 2012, it has saved members more than $2 million and helped nearly 600 people reduce their auto rates by least 50%, the credit union said, adding it has invested $10.3 million in the program.
Headquartered in Detroit, the credit union has assets of almost $33.4 million.
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