July 24, 2014
-- Sunrise, FL –
In a newly released survey from Datatrac, an independent research firm that has monitored deposit and loan rates, fees and product features for over 25 years,BrightStar Credit Union, one of the largest credit unions in South Florida with more than 54,000 members, offered auto loans twice as low as the Miami-Fort Lauderdale metro average.
“As a nonprofit member cooperative, our mission is to provide members in the community with the best financial products and services available,” said Sam Chesser, Vice President of Marketing. “We serve all segments of the community at large, including Broward teachers and all income levels including the low-end of the socioeconomic scale.”
Datatrac analyzed 159 lenders in 1,904 banking locations in Miami-Fort Lauderdale for 44 consecutive weeks ending June 2014. BrightStar Credit Union’s 48-month used car loan rate is 1.8 percent, more than twice as low as the Miami-Fort Lauderdale metro market average of 4.24 percent. A 72-month new car loan at 1.8 percent would save $1,453 in interest payments over the life of a $25,000 loan when compared to the Miami-Fort Lauderdale metro average for the same product. BrightStar outperformed the Miami-Fort Lauderdale metro average during this time period.
BrightStar Credit Union has eight products that outperformed the Miami-Fort Lauderdale metro average, including a 36-month used car loan and a 60-month new car loan, which beat the market by 56 percent and 53 percent respectively. The 68-year-old credit union became certified with a Datatrac Great Rate Award® based upon their exceptional rates for auto loans. For more information visit www.datatrac.net
BrightStar Credit Union is a full-service, not-for-profit, member-owned cooperative and one of the largest credit unions in South Florida with more than 54,000 members. With a total of seven branch locations in Broward County, BrightStar offers a variety of financial services including checking and savings accounts, personal, home equity and mortgage loans and investments and insurance. For more information, visit www.bscu.org