Reliant Credit Union saves members $3.5 million in auto loan interest

Reliant Credit Union helped over 1,000 members save a collective $3.5 million in auto loan interest in 2024, reinforcing its commitment to improving members’ financial wellness.

The credit union refinanced high-rate auto loans for 1,063 members, enabling them to save an average of $3,323 each over the life of their loans. Reliant’s program offers members the opportunity to lower monthly payments, reduce interest rates, or shorten loan terms by transferring auto loans from other financial institutions.

“At Reliant, we’re dedicated to improving the financial lives of our members,” said Michael Miller, Senior Vice President of Enterprise Risk Management. “This more than $3.5 million in savings represents the tangible impact of our efforts to empower our members to make smarter financial decisions.”

One member shared their experience: “We were able to save money and reduce the number of payments remaining on my loan. I was very happy with the results and help that Reliant provided.”

With branches across the region and over $692 million in assets, Reliant Credit Union has been serving members since 1970. Membership is open to those living, working, worshipping, or attending school in Monroe, Ontario, and Wayne counties.