SODUS, N.Y (January 27, 2025) |
Reliant Credit Union helped 1,063 members refinance their high-rate auto loans with low-rate Reliant loans in 2024. Together, those members saved $3,532,173 in interest over the life of their auto loans—which equates to an average savings of $3,323 per member! This achievement highlights the credit union's commitment to helping members achieve financial wellness through competitive rates and personalized service.
Reliant’s auto loan refinancing program offers members the opportunity to lower their monthly payments, reduce interest rates, or shorten the term of their loans. By transferring their existing auto loans from other financial institutions to Reliant, members have unlocked substantial savings while enjoying the benefits of Reliant’s member-focused approach.
“At Reliant, we’re dedicated to improving the financial lives of our members,” said Michael Miller, Senior Vice President of Enterprise Risk Management. “We measure the amount of money we save our members when we refinance because we know how impactful it can be to save thousands of dollars. This more than $3.5 million in savings represents the tangible impact of our efforts to empower our members to make smarter financial decisions and ultimately help them improve their financial lives.”
One member who benefited from refinancing an existing auto loan shared, “We were able to save money and reduce the number of payments remaining on my loan. I was very happy with the results and help that Reliant provided.”