Hiway Federal Credit Union Teams With Automakers to Offer Discounts

Invest in America program opens door to GM, Chrysler purchase savings, additional loan protection incentives through March 31

ST. PAUL, Minn., Jan. 16 (allCUnews.com) -- Hiway Federal Credit Union (Hiway) members can now purchase new vehicles at dramatic discounts.

The new Invest in America program is a credit union-focused partnership with major automakers General Motors and Chrysler. The GM offering -- the Credit Union Discount -- offers eligible current and prospective Hiway members the GM Supplier Discount on selected vehicles. The Chrysler Credit Union Member Cash program provides eligible members with up to $1,000 in bonus cash.

Now through March 31, Hiway is also offering qualified members up to $100 toward the purchase of loan protection products when they finance their new vehicle loan through Hiway. Members may use the incentive on the purchase of Guaranteed Asset Protection (GAP) coverage, which covers the "gap" between what is owed on a member's auto loan and what the member's insurance company will pay, or on the purchase of Extended Warranty coverage. The new program complements Hiway's already-affordable auto loan rates.

"We realize these are challenging financial times for our members, so we're constantly seeking out unique programs, such as the Invest in America vehicle initiative, that help our members make major and necessary purchases more manageable," said Hiway President and CEO Jeff Schwalen. "Reliable, affordable personal transportation is a necessity. This program opens new doors to car buying, and is certainly in keeping with our motto and promise to our members: 'With you on the road of life.'"

For more details, visit http://www.hiway.org or call (800) 899 LOAN.

About Hiway Federal Credit Union

Hiway Federal Credit Union, based in St. Paul, Minn., was founded in 1931 to serve the employees of the Minnesota Highway Department. Today, Hiway serves more than 56,000 members, registers nearly $740 million in assets, and welcomes new membership to select employee groups, individuals and businesses within the metro community area. Hiway prides itself on exceptional member service, and offers its members lower loan rates, higher savings rates, and fewer and lower fees.

According to a 2008 report from Callahan & Associates, a Washington, D.C.- based credit union research and consulting firm, Hiway is a national leader, ranking in the top 10 percent among all its peers in delivering value to its members.

Additional information is available at http://www.hiway.org or by calling (800) 899-LOAN.

Contact:
Rick Foy
651 379 4034
rickf@sightmarketing.com

SOURCE Hiway Federal Credit Union