Last week we reported GM had joined with Midwest credit unions in the "Invest in America" program, in which credit unions from four states were providing financing for GM vehicles. Now, Chrysler has also joined the program.
Chrysler's version of the program expands from Michigan, Indiana, Ohio and Illinois to include Arkansas, Kentucky, Louisiana, Mississippi, New Mexico, Oklahoma, Tennessee and Texas credit unions. Roughly 2500 credit unions will offer $22 billion in auto loans to nearly 25 million members across the twelve participating states. The program started yesterday, and will continue through June 30th.
Members who chose to lease or finance through the credit unions will be eligible for a discount of $500 to $1000 dollars on most Chrysler, Dodge and Jeep vehicles in addition to most of the current incentives already in place.
"The Invest in America program will provide access to affordable financing options and special discounts for credit union members who want to purchase or lease a new Chrysler, Jeep or Dodge vehicle," Steven Landry, Executive Vice President of North American Sales, said. "We are confident that the Invest in America program and Credit Union Member Cash will provide significant value to our customers and the economy as a whole during these challenging economic times."