SODUS, N.Y.–Reliant Credit Union is reporting it helped 1,829 of its refinance refinance higher rate auto loans during 2025 for a collective savings of more than $10 million.
The $742-million Reliant CU said the average member will save $5,501 in interest over the life of their auto loans.
This article appears here as part of the CU Daily series ‘The Profitability Imperative,’ which is designed to aid in the growth and sustainability of credit unions.
The credit unions said in 2020 it set a goal for the year of saving its members $1 million in auto loan interest by refinancing auto loans that had been made by other lenders. It said it surpassed that benchmark in 2020, and by 2024 it had saved its members over $3.5 million in auto loan interest. During 2025 it noted it exceeded that $1 million goal by a factor of 10.
‘Lasting Impact’
“By taking the time to understand each member’s situation, we’re able to deliver solutions that have a lasting impact,” SVP-Enterprise Risk Management Michael Miller said in a statement. “The dollars our members save through refinancing their auto loans translate into greater flexibility, less financial stress, and more freedom to focus on what matters most in their lives.
“We’re proud of the impact this program continues to have,” Miller continued. “We don’t measure success by loan volume alone; we measure it by the real financial progress our members make. These results show just how powerful that approach can be.”
