Autoland Inc. said that for each vehicle purchased through the car-buying CUSO, it will donate a portion to assist those impacted by the earthquake and tsunami in Japan.
Through April 30, the Chatsworth, Calif.-based CUSO said it will send the contributions through the American Red Cross. The per vehicle contribution equates to 7% of profit, according to Marcia Francisco, senior vice president of marketing and business development at Autoland.
“This is a devastating disaster in human terms that's magnified by the unstable nuclear situation in Japan,” Francisco said. “Beyond the human tragedy, this disaster has severely disrupted the Japanese auto industry. We're watching that situation closely to see how it might impact members of our partner credit unions who are trying to purchase cars, and how we might be able to help.”
Autoland, owned by CU Vehicles LLC, serves more than 200 credit unions.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
