Home > Pressroom > News Release: "Invest in America Partnership'

 

For Immediate Release Contact: Patrick Harris Director of Media Relations Ohio Credit Union League pharris@ohiocul.org 800-486-2917

Ohio Credit Unions ‘Invest in America’ Through Partnership

Credit union members receive GM supplier discount; Midwest credit unions have billions to lend

Columbus, Ohio (December 11, 2008) – More than 2.6 million Ohio credit union members can save money on their next vehicle purchase thanks to their state’s participation in the “Invest in America” partnership with General Motors.  Ohio is joined by Indiana, Illinois, and Michigan, which combined are offering more than $20 billion in available credit to consumers.  The program will be piloted in the four-state region with plans to go nationwide in early 2009.

“Invest in America” will provide a double value to consumers by offering a best-in-class loan rate for financing coupled with the credit union discount program from GM.  Credit union members can find details on the discounts at www.LoveMyCreditUnion.org, where they can obtain an authorization number to take to any GM dealership.  The discounts, among the best and most broad-based values offered by GM, will stack on top of most other incentives offered by GM brands.  The offer is good on the purchase of a new Buick, Cadillac, Hummer, Saab, Chevrolet, GMC, Saturn, and Pontiac car or truck. 

“Cooperation is the foundation upon which credit unions are built, so offering a discount to our credit union members through this partnership makes perfect sense,” said Ohio Credit Union League President Paul Mercer.  “Ohio is home to many companies directly impacted by the auto industry, and anything we can do to help Ohio business while benefiting credit union members is a win-win.”

The program, running from December 8, 2008, through June 30, 2009, offers vehicles at supplier prices for credit union members and members of their households.  Credit union members can get an additional $250 bonus between now and January 5, 2009, on their new GM vehicle purchase.

In total, the pilot program will impact nearly 1,300 credit unions and 12 million credit union members in the four states.  Ohio is home to 424 credit unions.  The consortium also includes the four credit union state trade associations and the Credit Union National Association.

The credit union consortium is also in talks with Chrysler and Ford with hopes of creating a similar discount program for credit union members.

Consumers interested in joining a credit union to take advantage of the “Invest in America” program can find a credit union to join by visiting www.FindACreditUnion.com. 

-30-

The Ohio Credit Union League, with offices in Columbus, is a state trade association representing 424 credit unions. Credit unions are not-for-profit financial institutions owned and democratically controlled by their members. Ohio credit unions provide savings, loans, and other consumer financial services to their 2.6 million members. To learn more, visit www.OhioCreditUnions.org.