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We take the time to review your entire financial picture and make recommendations that make the most sense with your financial goals. Here are a few ways Premier Credit Union is Making Life Better for our members.
10-10-10 Home Mortgage Product Success (March 2014)
A recently divorced member came into the Credit Union to obtain a mortgage. Due to recently entering the workforce and a few minor credit issues, qualifying for a mortgage had been a bit of a challenge. Our Mortgage Officer was able to sit down with her and help her overcome a few difficulties. By having 40% equity in her home, Premier Credit Union placed her in a 10-10-10 Mortgage product and she realized her home-ownership dream’s could come true.
Benefits of an Extended Warranty (Feb. 2014)
About two years back, a member secured an auto loan with Premier and at closing the loan officer explained the benefits of an extended warranty. The warranty was added and it came in handy recently when the auto needed $2,500 worth of repairs. Because the warranty was in place, the work cost $0 out of pocket and but most importantly, it could not have gone more smoothly. Everything was handled between the mechanic and Route 66 and the member was ecstatic he purchased the warranty and with how well it worked in practice.
Lowered Interest Rate From 15% to 4%. (Jan. 2014)
A new member who was referred to Premier Credit Union from a current member stopped by to inquire and secure a vehicle loan. While preparing the new loan documents they also inquired about a current vehicle loan they had with another financial institution at a 15% interest rate. We were able to reduce the interest rate to 4%, which resulted in a savings of $120 per month.
Fixed-10 Home Equity Loan & Enterprise Car Sales. (Dec. 2013)
A member came in to get pre-approved for an auto loan and was informed of our new partnership with Enterprise Car Sales. Since she did not know what type of car she wanted, our Loan Officer explained the benefits of Enterprise and made the introduction. The helpful staff over at Enterprise found the right vehicle for her on a Saturday afternoon and she was even able to drive it off the lot the same day! She was overjoyed by the process and is recommending Enterprise Car Sales to her friends and family.
Needing to consolidate a considerable amount of debt, a long-time member came in needing some guidance. Our Loan Officer was able to get them into a Fixed-10 Home Equity product that saved them almost $300 per month in combined monthly payments. They left thrilled that Premier was able look at their entire financial picture and guide them to a product that worked for their situation.
1% Cash Back and $100 monthly savings. (Nov. 2013)
A long-time member came in for a home equity advance as they were in a tough spot and needed some extra cash. Our Loan Officer was able to look at their credit report, see that there was equity in their vehicle, took that equity and paid off 3 high interest credit cards which saved them roughly $100 each month. They now have a Gold MasterCard which will earn them 1% cash back rewards on their purchases and has a lower interest rate.
Increased Credit Score = $100 Savings and New Member! (Oct. 2013)
A couple, which were not current members, stopped by the Credit Union to inquire about refinancing their auto loan. Having no credit score prior to this loan, they were paying a high interest rate while trying to build their credit score. Our loan officer was able to see that they had indeed increased their credit score and was able to refinance that loan resulting in a savings of $100 per month, shortening the term by one-year and new membership!
High credit card debit paid off and saved over $450 per month! (Sep. 2013)
Recently, a member came in with a high level of credit card debt. Our loan officer took a look at their entire financial picture, made a recommendation to refinance their two vehicles and provided a small, unsecured loan to pay off that credit card. This resulted in a savings of over $450 per month to the member.
How did we save a member over $700 per month? (Aug. 2013)
A member came in looking to refinance his car. Upon looking at his entire financial picture, our loan officer recommended to roll his auto loan as well as his first and second mortgage into a Fixed-10 Home Equity product which resulted in a savings of over $700 per month.
Here’s Your Sign! (July 2013)
Out for lunch one afternoon, a member walked past the Skywalk branch and noticed the 1.89% auto loan special sign. By stopping in, Premier was able to refinance three of their vehicles and saved the member $340 per month.
A new rate and shortening up the term of the loan = a member savings of almost $3,000. (June 2013)
A member came in and was told about our 1.89% auto loan special. Upon sitting down with a Loan Officer, we were able to refinance the auto loan that day and save 9.99% on the rate, shorten their term by 6 months and saved almost $3,000 in interest over the life of the loan.
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