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Mission Federal Credit Union Reduces Auto Loan Interest Rates up to 3% with

Rate Break Program


San Diego, CA, January 11, 2017 --(PR.com)-- Mission Federal Credit Union is offering consumers with
qualifying Auto Loans a reduced interest rate of up to 3% through its Rate Break Program.
Mission Fed developed the program so that consumers who initially qualified for a higher Auto Loan rate
would have the opportunity to reduce their rate by making on-time payments.
We understand that life doesn't always go exactly as planned, and that can affect your financial
life—including the interest rate on your Auto Loan, said Sherry Special, SVP Consumer Lending
and Branch Network, Mission Federal Credit Union. We created the Rate Break Program to give
consumers with lower credit scores a better option and help them save money. First, we offer rates that
are already very competitive on qualifying Auto Loans—and then we reduce the rate if they make
their payments on time.
With the Rate Break Program, Mission Fed rewards on-time Auto Loan payments by reviewing the loan
every six months and lowering the interest rate by 1% off the current interest rate after each six-month
period that the loan is paid on time and meets other criteria. The Rate Break Program could lower the
interest rate on a Mission Fed Auto Loan by a maximum of 3% after 18 months. Lower interest rates not
only mean a lower monthly payment, but also reduce the total loan amount and save consumers money
each month for the duration of the loan.
The Rate Break Program is a reflection of the credit union's approach to doing business: people helping
people, Special said.
Consumers looking for an Auto Loan can apply online at MissionFed.com or their local branch. When
they apply, Mission Fed will let them know if they qualify for the program.
For more on Mission Fed and the full terms of its Rate Break Program, visit any of their 30 local
branches, call 858.524.2850 or 800.500.6328, or visit www.MissionFed.com/Rate-Break-Program.
Conditions may apply, all loan programs and rates are subject to change without notice and may vary
based on credit qualifications.
About Mission Federal Credit Union:
Mission Federal Credit Union is a not-for-profit organization providing a wide variety of financial
services to meet the needs of its customers. With $3.1 billion in assets, 30 local branches, and more than
205,000 customers, Mission Fed is the largest, locally based financial institution exclusively serving San
Diego County. Mission Fed enhances the lives of its customers through financial education and financial
services. In addition, Mission Fed contributes to hundreds of educational and nonprofit organizations. At
Mission Fed, your success is our bottom line. All San Diegans are welcome. Federally insured by NCUA
and Equal Housing Lender. To learn more, visit MissionFed.com.

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Contact Information:
Mission Federal Credit Union
Danelle Conlon
619-752-1949
Contact via Email

Online Version of Press Release:


You can read the online version of this press release at: http://www.pr.com/press-release/701372

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