San Jose, CA (Nov. 30, 2005)—Technology Credit Union (Tech CU), one of the nation's largest credit unions, has announced the introduction of its new “Green Car” hybrid loan with special lowered interest rates on new hybrid cars. Tech CU’s goal with this new product is to help save its members money on gasoline, protect the environment and help strengthen national energy security—one car loan at a time.
Harold Roundtree, Senior Vice President of Member Services, announced: “We are excited to offer such a progressive loan to our members. We know that most of our members are concerned about the rising cost of fuel, and many are also dedicated to keeping the air clean. We wanted to do our part by offering a loan on hybrid cars at a special, lowered interest rate.”
With Californians facing longer commutes and soaring gas prices, individuals are able to save several hundred dollars a year by driving fuel efficient cars, which can translate into thousands of dollars in savings over the vehicle’s lifetime. Tech CU’s new car loan can further augment the dollar amount its members can save.
Convenience is another added benefit of a Tech CU car loan. Tech CU offers speedy turn around times (typically 24-48 hours from application to funding) on its car loans. With easy online or over the phone applications, and through a widespread network of partner dealers, Tech CU makes it easy for anyone living, working or going to school in Alameda, Santa Clara and San Mateo counties to apply.
Members are also invited to use the services of Tech CU’s Car Store at no charge. This convenient personalized service selects a car at the best possible price for the members based on the criteria they provide, negotiates with the dealer and even has the car delivered to their home or office.
About Technology Credit Union
Technology Credit Union is a member-owned, full-service financial provider that offers services to technology and business professionals in California and their families, focusing primarily on serving individuals who work, live, go to school, or regularly worship in Santa Clara, Alameda, San Mateo, Santa Cruz, San Francisco and Contra Costa counties. Tech CU was started in 1960 and is now among the top 1% of the nation’s largest credit unions. With more than $1 billion in assets, and seven full-service branches in the Bay Area, Tech CU is a leader in the credit union industry.
Contact:
Ivy Widman
Field Marketing Coordinator
Phone: 408-441-4757
Fax: 408-453-0741
* Other discounts include .50%APR discount for automatic pay with direct deposit and up to .25% for Relationship Rewards.