The ability of credit union members to control the terms of their auto and/or mortgage loan is real value. said John Bratsakis, CEO MD|DC Credit Union Association
McLean, VA (PRWEB) May 14, 2015
Rate Reset, the provider of Loan Reset, Acquisition and Retention Software for Mortgages and Auto Loans, today announced its strategic partnership with MD|DC Credit Union Association, a trade association headquartered in Columbia, Maryland, that will enable the company to accelerate penetration in the local market place. The strategic partnership will provide the company access to the association’s 150 credit union members. Rate Reset can benefit MD|DC Credit Union Association credit unions and their members in the following ways:
- Member-initiated interest rate-resetting loan feature that is an alternative to the traditional refinance
- Adjust the rate and term of mortgages and auto loans with just a few clicks online
- Provide members flexibility on loan terms
- Broaden the credit union’s products offerings
- Increase profitability by increasing yields and duration of auto and mortgage portfolios
- Free up time to allow credit unions to focus on generating new business.
“We are always looking for products and services that bring real value to our credit union members so they can better serve their members.” said John Bratsakis, CEO MD|DC Credit Union Association. “The strategic partnership with Rate Reset is an example of that effort. The ability of credit union members to control the terms of their auto and/or mortgage loan is real value.”
“We are excited to partner with the MD|DC Credit Union Association,” said Bob Catalanotto, Co-founder and COO of Rate Reset. “One of our strategic goals is to solidify our presence in the local market place. The MD|DC Credit Union Association can help us achieve that goal. We look forward to bringing economic value to the association’s credit unions and their members.”
About MD|DC Credit Union Association
The MD|DC Credit Union Association (MD|DC CUA) is a regional trade association representing 150 credit unions in Maryland and the District of Columbia. MD|DC CUA provides our affiliates with advocacy, education, resources, and services to help them better serve their members. For more information, visit http://www.mddccua.org.
About Rate Reset:
Named by American Banker’s Bank Technology News (BTN) as "One of the Top Ten Technology Companies" to watch in 2013, 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 visit http://www.RateReset.com.