The Ypsilanti Courier
A Heritage Newspaper
Weekly Publication
Credit union tries to boost U.S. auto sales
PUBLISHED: January 1, 2009
Ypsilanti Area Federal Credit Union has initiated an effort to help boost auto sales in the Washtenaw County region by offering a special discount to buyers.
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The discount is part of a special financing offer through General Motors and will be extended to credit union members. All current and new credit union members will receive the GM Supplier Discount plus $250 off of any new vehicle through Jan. 5, 2009.
The discount program, titled Invest In America, is offered on purchases of new cars and trucks from General Motors brands, including Buick, Cadillac, Hummer, Saab, Chevrolet, GM, Saturn and Pontiac. Ypsilanti Area Federal Credit Union members can register for the discounts at the credit union, www.lovemycreditunion.org, or by phone. The discounts are among the best and most broad-based values offered by GM and will layer on top of most other incentives being offered on GM brands. Membership in the credit union is open to anyone who lives, work, worships, or attends school in Washtenaw County.
"Ypsilanti Federal Credit Union is open for business," said Greg Gurka, President and CEO. "We are ready to serve our local community by offering this discount program and are pleased to partner with local GM dealers who offer credit union financing."
At a time when economic stress is sweeping the nation and threatening the survival of the U.S. auto industry, this partnership will provide affordable financing and exclusive discounts for credit union members. The Invest in America program will provide a double value to consumers who use Ypsilanti Area Federal Credit Union's best-in-class loan rates for financing while also taking advantage of the special discount
As not-for-profit financial cooperatives, credit unions have been largely insulated from the economic crisis affecting the rest of the financial services industry. Nationwide, credit unions have over $150 billion available to lend.
"GM looks forward to making its broad suite of brands available to credit union members as part of the Invest in America program," according to Rick Waggoner, CEO of General Motors. "As automakers and other businesses are being hit hard by this economy, this type of program epitomizes Americans' ability to help themselves by supporting local financial institutions and American-made products while getting great value and superior quality at the same time. The credit union credo of People Helping People is exactly what the auto industry needs right now."
Ypsilanti Area Federal Credit Union is a member-owned, non-profit financial cooperative serving Washtenaw County. Members of Ypsilanti Area Federal Credit Union are owners of the Credit Union, each having an equal share. Unlike other financial institutions, credit unions are not motivated by profit. Ypsilanti Area Federal Credit Union exists solely to provide our members with high quality, affordable financial services.
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