NuVision Federal Credit Union’s 2013 Switch & Save Challenge Already Saving Members $9 Million in Loan Interest

HUNTINGTON BEACH, Calif. (April 4, 2013) – NuVision Federal Credit Union continues to excel in its New Year’s resolution to help its members keep more money in their pockets in 2013.  In the first ten weeks of NuVision’s Switch & Save Challenge, the credit union is already saving members over $9 million in loan interest in 2013*, more than one-third of the way toward reaching its stated goal of $26 million in member savings this year.

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 website to find out how much they can save by switching to NuVision.

“We’re amazed at how quickly our members have taken to this program,” said Teri Rapp, Chief Credit Officer at NuVision Federal Credit Union.  “Rates continue to stay low and members are taking advantage of NuVision’s low interest rates by refinancing their home loans, car loans and credit cards.  Our goal is to help our members save $26 million on loans they already have.”

For more information on NuVision’s Switch & Save Challenge, please visit www.nuvisionfederal.com/switchandsave/.

*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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