The $1.9 billion Michigan State University Federal Credit Union has shown locals how credit unions offer a better deal with its One Million Dollar Challenge promotion.
The East Lansing, Mich.-based credit union set a goal to save its members $1 million from January through March 31.
Members surpassed the goal a week ahead of schedule, ultimately saving $1,087,395 in loan interest by refinancing their loan and credit card balances, totaling over $7 million, from other financial institutions.
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