SAINT CLOUD, Minn.–The $161-million Great River FCU said it has agreed to license its Rate Reset software for auto loans. Rate Reset for Auto loans enables a member to reset their loan without the cost and hassle of refinancing.
“Great River Federal Credit Union is in business to provide our members with convenient and efficient financial services” said Randy Trimm, President and CEO of Great River Federal Credit Union, in a statement. “The Rate Reset product allows our members to reduce their monthly auto loan payment from anywhere, using a mobile devise or online with the click of a button. This is consistent with our mission.”
“We are delighted that Great River Federal Credit Union has joined the Rate Reset network,” said Bob Catalanotto, co-founder and COO of Rate Reset. “We look forward to working with our new partner to deliver our simple, easy and attractive digital solution for retaining more of their loans.”