Everyone knows about the funding deficiencies within our school systems. Money for supplies to teachers and administrators has been reduced in most school systems. North Alabama Educators Credit Union would like to assist our sponsor school systems with supply needs.
Our Helping Schools Auto Loan promotion can help. From now through October 31st, the credit union will donate $50 in the form of a Schoolcraft gift certificate to the school system of the member's choice (within our sponsor groups) on every $10,000 qualifying automobile loan. The promotion is good for purchases or refinances from other institutions. All entries for each school system will be totalled at the end of the promotion. The school system that has collected the most entries towards their school system will have the additional benefit of having their amount DOUBLED by the credit union. In the event of a tie, the DOUBLED amount would be split among the school systems tied for the lead. If the winning school system had 20 entries, the $1,000 amount would be DOUBLED to a $2,000 total! This is just an example, we would love to see a much higher donation amount.
The credit union member is also benefiting from this promotion in that they are receiving a low fixed rate as low as 4.75% Annual Percentage Rate on the loan. (For qualified members - visit www.naecu.org for our LOAN RATES page for rates & terms available). The member receives a low loan rate AND helps out their school system at the same time.
This really is a win-win situation for the member and the school systems. It is also good for the credit union in that we receive a good member loan and help out the community in the process. We will be posting total updates on our web site to track the progress of the promotion.
Good luck to each eligible school system!