AAEFCU New Car Loans at Lower Rates in 2012
Pasadena, MD (Janaury, 2012) … The Board of Directors of the Automotive Aftermarket Employee’s Federal Credit Union (AAEFCU) approved a new low rate for new vehicle loans.
Effective January, 2012 qualified AAEFCU members may be eligible for loan rates of 2.49% on new vehicles. While there are certain qualifying guidelines like length of employment, term of the loan and the applicant’s credit score that determine the actual loan rate, almost all AAE Federal Credit Union members stand to see significant loan interest savings in this promotion.
With savings interest rates around the world at record lows, the AAEFCU savings interest rates may be among the highest paying savings plans available anywhere for low and medium income employees.
Membership in AAEFCU is open to qualifying employees of companies who hold current corporate memberships in any of the three sponsoring trade associations, the Chesapeake Automotive Business Association, the Automotive Aftermarket Association of the Carolinas and Tennessee or the Virginia Automotive Parts & Service Association.
For information aftermarket employees and company owners who are not yet members of either AAEFCU or of any of the sponsoring trade associations are invited to phone the credit union office weekdays 8am-4pm at 800-766-2292.
AAEFCU was founded in 1974 by members of the sponsoring associations. Deposits are insured to $250,000 by the NCUSIF and the credit union is regulated by the National Credit Union Administration, an agency of the US Federal Government. Today, AAEFCU offers many modern banking services including checking accounts, saving accounts, vehicle and personal loans, IRS-favored health savings accounts, online bill pay, online account access, savings CDs, vacation clubs, Christmas Clubs and more. AAEFCU is managed by a fulltime staff in Pasadena, MD and is directed by a 7 person, unpaid, all volunteer Board of Directors.