FLINT, Mich. - (12/28/05) Security FCU here is offering specialauto financing on very specific vehicles-those powered by a Vortec4.2 liter, six-cylinder engine. The reason: the power plant isbuilt by General Motors Flint Engine South plant here. Onqualified vehicles, the credit union is offering aone-percentage-point discount on its current auto rate. Inaddition, the credit union is also offering the deal on a number offull-size, heavy duty trucks, including the Chevrolet Silverado andGMC Sierra, which are also built locally. The credit union said thediscount could save a member several hundred dollars over the lifeof a loan. SFCU is offering rates as low as 3.99% with thediscount. Among the vehicles powered by the engine: the ChevroletTrailBlazer, GMC Envoy, Buick Rainier, and Saab 9-7X sport utilityvehicles. As an additional premium, Security FCU is also offering10 free car washes through a local car wash.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
March 20 -
Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
March 20 -
Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
March 20 -
Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
March 20 -
CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
March 20 -
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
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