Through its new leasing program, Financial One Credit Union was able to expedite a truck lease application for a member who is now the owner of his own business.
According to the $64 million credit union in Columbia Heights, Minn., after years of driving for various trucking companies, the Financial One member visited a branch, where he completed a one-page application for a $20,000 equipment lease to purchase a used 2006 Freightliner truck with 600,000 miles on it.
The application was submitted on a Tuesday and approved the next day. The truck purchase was funded that Friday, and the following Monday, the member picked up his truck, and is now his own boss.
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