Login or register
NM credit unions participating in car loan program
| The Associated Press
Posted: Monday, January 12, 2009 - 1/12/09
Story Tools
Font Size:
NM credit unions participating in car loan program Facebook
Get FREE Daily Headlines by email!

advertisement
FARMINGTON, N.M. — Buying a new vehicle just got easier in New Mexico.

Sylvia Lyon, chief executive officer for the Credit Union Association of New Mexico, says credit unions statewide are participating in a new program called "Invest in America."

Nationwide, the program is expected to give 90 million credit union members access to about $80 billion in low-interest loans for new GM and Chrysler vehicles.

Lyon says that's great for credit union members in New Mexico. She says credit unions have money to lend because they were not involved in sub-prime lending.

According to Datatrac, a survey company that tracks auto loan rates, the credit union loan average is 5.4 percent compared to 6.9 for the average bank rate.

The program is open to any credit union in New Mexico for the next three months.




You must login to make comments.
Click on the link below to register for a free account. This is a new system and previous accounts are not transferred to this system. You'll be asked for your name and e-mail address. A confirmation e-mail with a password will be sent to you at the address you provide. Once you've logged into the system, you'll be able to view and contribute comments. Please be respectful to your fellow users and post under your own name. Send questions to webeditor@sfnewmexican.com

Email:
Password:
Remember me
Register here for a free username and password

Comments (0)
What do you think? Add your two cents to the conversation by contributing your view on the news. Please, be respectful to the community and your fellow users and use your real name when posting. Inappropriate postings will be removed and your privileges to comment further might be suspended. If you'd prefer to submit a letter to the editor for possible inclusion in The New Mexican's print edition, visit our submissions page.


(not you? logout)



advertisement
  • Truett Collins commented on
  • Truett Collins commented on
  • Truett Collins commented on
  • peter trujillo commented on
  • Paula Lozar commented on
  • Ambro A commented on
  • Just Watching commented on
  • C S commented on