2021 CTFCU-Annual Report

Page 18

SPEED INTO SUMMER SAVINGS In 2021, we witnessed a decline in vehicle inventories across our network, coupled with rising prices. We lowered our interest rates and allowed up to 90 days for the first payment to assist our members. Our Speed Into Summer Savings auto loan promotion generated more than $14.5 million in new loans over a two-month period.

AUTO LOANS

$14.5 Million

Our branches participated by creating their own racing-inspired teams, featuring creative names, logos, t-shirts, and decorations. Each Friday throughout the campaign, we “chilled out” with our members by giving away free ice cream at our branches.

To celebrate the success of our Auto Loan promo, we gave away customized sets of corn hole boards to a few of our lucky members!

Amy A.

Gastonia, NC

16

CAROLINAS TELCO FEDERAL CREDIT UNION

Robin F. Raleigh, NC


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