Page 19 - Helping People Afford Life

Pla num Federal Credit Union
DECATUR, LILBURN, DULUTH
A Platinum Federal Credit Union member was in the process of obtaining a new auto loan, but was having trouble deciding whether he should trade in his existing vehicle at the dealership or sell it to a private buyer. With an existing balance on the loan, he didn’t want to get stuck making two monthly car payments.
Coincidentally, another member visited the branch and mentioned he wanted to purchase a used car for his work commute. He said if any other credit union members were looking to sell their car, he would welcome the opportunity to talk with them.
Knowing the situations of both members, a loan of cer reached out to them separately to discuss the possibility of making a deal. They each gave permission for their contact information to be shared. They then connected and agreed to mutually bene cial terms.
The credit union nanced the buyer’s loan and everyone met at the branch to nalize the transaction. The new buyer received a great car for his commute, the seller received his full asking price and the credit union helped two more members achieve their nancial goals.