SAFE CU Members Can Tie Their Car, Home Loans Together

Published August 12, 2007, 2:44 p.m. EDT

|

Updated August 27, 2020, 1:43 a.m. EDT

1 Min Read

SACRAMENTO, Calif. – SAFE CU announced a new product Friday that will allow members to tie their auto loan to their home mortgage, enabling them to deduct interest on their auto loan from their taxes. Participants in the program, known as the Auto Equity Loan, must be home owners, but are not required to have their mortgage through the credit union. The $1.3 billion credit union is touting the new product as the first in the nation and a unique opportunity for members to recoup the interest paid on auto loans.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Wealth management

For RIA custody, Betterment's platform fees will begin at 0.20%

Betterment Advisor Solutions, formerly Betterment for Advisors and Betterment Institutional, is changing its platform fees into a tiered rate that begins at 0.20% for advisory practices with less than $10 million in the business, Betterment CEO Sarah Levy says.

By Tobias Salinger
Chief Correspondent

2m ago
Monetary policy

Hassett: Fed rate has 'not a lot of room to go up from here'

The White House's top economist says inflation is already at the Fed's 2% target and suggested that further rate hikes could jeopardize growth.

By Kyle Campbell
Staff writer

1h ago
M&A

Valley will gain low-cost deposits from deal for Bluevine

The New York-based bank says the small-business fintech's cheaper deposits will help reduce its reliance on costly wholesale sources.

By John Reosti
Reporter

1h ago
Federal Reserve

Fed watchdog flags gaps in security incident oversight

The Federal Reserve's Office of Inspector General released a report Monday highlighting weaknesses in how information security incidents are identified and resolved.

By Maria Volkova
Reporter

1h ago
Artificial Intelligence

Lending, coding, manual work: Citi Ventures places AI bets

Citi is an aggressive customer of and investor in AI companies. Arvind Purushotham, head of Citi Ventures, shares what he's currently looking for.

By Penny Crosman
Executive Editor, Technology at Arizent

2h ago
Trump administration

Treasury taps Jefferies strategist David Zervos as counselor

Zervos has argued that the Federal Reserve's monetary policy is too restrictive and backed Treasury's expanded buybacks of long-term debt.

By Ebrima Santos Sanneh
Reporter

2h ago

Load More