News & Press: Credit Union News

Great River Federal Credit Union Joins the Rate Reset Network

Thursday, May 12, 2016  
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MCLEAN, VA (May 12, 2016) - Rate Reset, the provider of Loan Reset, Acquisition and Retention Software, today announced that Great River Federal Credit Union has agreed to license its Rate Reset software for auto loans. Great River Federal Credit Union, headquartered in Saint Cloud, MN, has over 14,400 members and $161 million in assets.

Rate Reset for Auto loans enables a member to reset their loan without the cost and hassle of refinancing. For Great River Federal Credit Union, Rate Reset automates loan retention so it can focus on generating new business.

“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. “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 join 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.”

 

About Great River Federal Credit Union:

Great River Federal Credit Union, headquartered in Saint Cloud, MN, is a community credit union with over 14,400 members and $160 million in assets. Originally chartered in 1948, serving the labor and manufacturing unions. Today GRFCU serves with a community charter to anyone living, working, or worshiping in the Sherburne, Stearns, or Benton Counties. For more information about Great River Federal Credit Union, visit http://www.greatriverfcu.org.

 

About Rate Reset:

Named by American Banker’s Bank Technology News (BTN) as "One of the Top Ten Technology Companies" to watch, Rate Reset provides innovative Loan Acquisition, Retention and Reset Software (LRS™) to banks, credit unions and mortgage companies. The company’s software provides a borrower-initiated interest rate-resetting loan feature that is an alternative to the traditional refinance for both mortgages and auto loans. For more information on Rate Reset visithttp://www.RateReset.com.

 


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