APGFCU to Offer Rate Reset Products to Credit Union Members

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Software Provider to License Innovative Product to Maryland Credit Union

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“APGFCU is a highly regarded credit union located in our own backyard and a member of the MDDC Credit Union Association, who is a strategic partner of ours. We are delighted to have APGFCU as our latest client." Bob Catalanotto, COO Rate Reset

Rate Reset, the provider of Loan Reset, Acquisition and Retention Software, today announced that APGFCU has agreed to license its Rate Reset™ and LoanGEN™ products for auto loans. APGFCU, headquartered in Edgewood, MD, has over 115,000 members and $1.08 billion in assets. The agreement with Rate Reset provides APGFCU with a simple, easy and attractive online and mobile tool to generate and retain more loans.

  •     WHAT IS RATE RESET™? Rate Reset enables a member to reset their loan without the cost and hassle of refinancing. For the credit union, Rate Reset automates loan retention so it can focus on new business.
  •     WHAT IS LoanGEN™? LoanGEN is a secure web-based automated loan generation tool that allows the credit union to acquire existing mortgages, auto loans and personal loans from other financial institutions.

“APGFCU is a highly regarded credit union located in our own backyard and a member of the MDDC Credit Union Association, who is a strategic partner of ours.” said Bob Catalanotto, Co-founder and COO of Rate Reset. “We are delighted to have APGFCU as our latest client.”

About APGFCU:
Organized in 1938 to address the needs of military families at Aberdeen Proving Ground, APGFCU serves more than 115,000 members and has more than $1 billion in assets. The credit union is a financial cooperative and is committed to building members’ wealth. Membership is open to everyone who lives, works, worships, volunteers or attends school in Harford or Cecil counties. APGFCU is not-for-profit and member-owned. Eleven branches and two loan centers are located in Harford and Cecil counties. For information: 410-272-4000 or APGFCU.com.

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 visit http://www.RateReset.com.

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Keith Kelly
Rate Reset
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