Michigan First Credit Union 'Loan Zone' Car Sale Aug. 13-14 to Help Metro Detroiters Get Financing, Drive Away in Affordable New Car

LATHRUP VILLAGE, Mich., Aug. 10 /PRNewswire/ -- Buying a new vehicle is often an overwhelming experience for consumers, especially with growing concern over financing options. While many financial institutions have limited access to loans, Michigan First Credit Union (www.MichiganFirst.com) continues to provide auto loans at competitive rates for consumers with A-Z credit. In effort to help metro Detroiters make smart purchasing decisions and get into an affordable new vehicle, Michigan First is hosting its annual summer "Loan Zone" car sale August 13-14.  

The Loan Zone car sale will feature both new and used vehicles, including more than 100 cars under $10,000 each, on site at Michigan First's Lathrup Village and Eastpointe locations. Featured vehicles and details on the car sale can be viewed at www.MichiganFirstCars.com, a website developed by the credit union as a resource for those in the market for a new car.

"The Loan Zone event is always an excellent way to offer our members great loan opportunities and vehicle options conveniently in the same location," said Michael Poulos, president and CEO of Michigan First Credit Union. "Our mission is to provide financing for people with a wide range of credit ratings, while ensuring that they are in a loan that they can afford."

The Loan Zone event is preceded by a pre-approval period, whereby members and non-members can work with Michigan First to determine their financing options ahead of time. To date, more than $1.3 million in auto loans have already been approved for applicants who plan to attend the Loan Zone event.

Michigan First also leverages its relationships with dealers in metro Detroit to provide competitive pricing and incentives for consumers. Those who purchase a vehicle during the sale and finance with Michigan First may be eligible to receive a variety of extra incentives,* including:

• A $50 VISA® Gift Card for those who get pre-approved before August 13
• Great loan rates with flexible repayment terms
• First oil change free
• Three-month/3,000 mile warranty (extended warranties also are available)

Other Michigan First loan initiatives include the Sizzling Summer Sweepstakes, during which time members receive a scratch card for an opportunity to win up to 8 percent* off their loan rate.  Members who finance a loan with this discount are also automatically entered to win one of ten great prizes, including a seven-night Eastern Caribbean cruise. Those who are not already members of Michigan First and who would like to take advantage of these deals can open a checking or savings account on the spot at the event or online at www.MichiganFirst.com.  

About Michigan First Credit Union

Based in Lathrup Village, Mich., Michigan First Credit Union is one of the leading technology-focused credit unions in metro Detroit. The rapidly growing, full-service financial institution serves more than 80,000 members and has more than $550 million in assets. Founded in 1926 as the Detroit Teachers Credit Union, Michigan First has since expanded to serve those who live, work or worship in Wayne, Oakland and Macomb counties, as well as local businesses. Michigan First is committed to continuously investing in its members, the community, youth and financial literacy initiatives and providing members with the latest in banking technology and services. For more information, visit www.MichiganFirst.com.

To stay updated on news, events and more, follow Michigan First on Twitter at www.Twitter.com/MichiganFirstCU or "Like" Michigan First on Facebook www.Facebook.com/MichiganFirstCreditUnion.  

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Michael Poulos

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SOURCE Michigan First Credit Union