Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Cars for sale at a Central California auto dealership. Cars for sale at a Central California auto dealership. (Source: Shutterstock).

To enhance its competitive position for new and used auto loans, the $1.6 billion Financial Partners Credit Union in Downey, Calif., recently decided to offer a job loss protection (JLP) benefit at no additional cost for members.

“We looked at the auto market and we see that dealers are extremely aggressive,” Lori Reeves, SVP and chief marketing officer at Financial Partners, said. “They are back to the 0% rates, even on terms up to 84 months, payment deferrals and many are offering job loss protection or a similar benefit to address peace of mind, as well as other incentives. To be competitive and ensure our members get a great deal when they buy a new or used car -including private party sales – we added job loss protection to our great low rates, and 90-day first payment deferral option.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Peter Strozniak

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.