NuVision Federal Credit Union Launches Switch & Save Challenge With a Goal of Saving Members $26 Million in Loan Interest in 2013

HUNTINGTON BEACH, Calif. (January 15, 2013) – NuVision Federal Credit Union has made a New Year’s resolution to help its members keep more money in their pockets in the coming year.  This month the credit union launched the Switch & Save Challenge, with the goal of saving its members $26 million in loan interest in 2013*.

By refinancing their existing home mortgage loan, auto loan and/or credit cards with NuVision, borrowers can save big money with lower interest rates.  In minutes, anyone can use the convenient loan calculator on the www.NuVisionFederal.org website find out how much they can save by switching to NuVision.

“This is one New Year’s resolution we are confident we can keep!” said L.J. Tarman, Vice President of Marketing and Public Relations at NuVision Federal Credit Union.  “We are challenging our members to take advantage of NuVision’s low interest rates for home loans, car loans and credit cards, with the goal of saving them $26 million in 2013.”

*Actual member savings is calculated using the member’s original interest rate and their new interest rate to calculate their interest payments using the new loan amount. The difference in interest payments over the life of the loan is what is used in this total. Loan savings calculation is reflective of interest savings on refinanced 1st Trust Deed Mortgages only.

 

About NuVision Federal Credit Union
NuVision Federal Credit Union is a full-service financial institution with 14 branches located in Los Angeles and Orange Counties and Arizona and assets of approximately $1.3 billion. Headquartered in Huntington Beach, Calif., NuVision was founded in 1935 to serve employees of Douglas Aircraft Company. It continues to serve aerospace employees from Boeing, employees of Sempra Energy/The Gas Company, and employees of Tesoro with a total of more than 87,000 members primarily in Los Angeles and Orange Counties. For more information, visit www.nuvisionfederal.org.

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