Chrysler Announces Financing Deal With Credit Unions

It’s no secret that securing credit for a big purchase is a beast in this economy, which is why GM recently teamed with a group of credit unions to offer low-interest loans to prospective car buyers. Now Chrysler has done the same.

Chrysler has rounded up more than 2,500 credit unions in Arkansas, Illinois, Indiana, Kentucky, Louisiana, Michigan, Mississippi, New Mexico, Oklahoma, Ohio, Tennessee and Texas to participate in the deal, which will offer customers a grand total of $22 billion in auto loans for car purchases. In addition to the loans and existing cash-back incentives, customers can also qualify for a “Credit Union Member Cash” incentive starting at $500. An important note: The offer only requires that the customer finance their purchase through the credit union; you don’t have to be a member of the credit union to get the deal, just the extra bonus starting at $500.

The deals cover Chrysler, Dodge and Jeep vehicles and will last from Dec. 16 to June 30, 2009. To visit the Credit Unions available, visit www.lovemycreditunion.org.