The 'Zenn' of Auto Lending

Credit Union ManagementVol. 32 Nbr. 5, May 2009

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Summary


With an eye on sustainability -- and with credit shrinking in turbulent economic times -- Cooperative Center Federal Credit Union, Berkeley, CA, is bucking the market trend by financing up to 100% of the purchase price of a ZENN electric vehicle with fixed interest rates as low as 5% for members with solid credit. The ZENN (Zero Emission No Noise) is described as a "fully-equipped, neighborhood" electric vehicle with a range of up to 35 miles that recharges using a standard 120 volt electric outlet in as little as four hours.

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Extract


The 'Zenn' of Auto Lending

This had to happen in Berkeley. With an eye on sustainability - and with credit sh...

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