![]() ![]() Insurance products are made available through Chase Insurance Agency, Inc. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Past performance is not a guarantee of future results. Investing involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. "Chase Private Client" is the brand name for a banking and investment product and service offering, requiring a Chase Private Client Checking℠ account. is a wholly-owned subsidiary of JPMorgan Chase & Co. Tower serves its local-area members with 12 branches in Anne Arundel, Baltimore, Howard, and Prince George’s counties and four branches at Fort Meade, as well as online services and mobile banking at .“Chase,” “JPMorgan,” “JPMorgan Chase,” the JPMorgan Chase logo and the Octagon Symbol are trademarks of JPMorgan Chase Bank, N.A. It provides a full array of financial products and services and serves over 186,000 members worldwide. Established in 1953, Tower is the largest federal credit union in Maryland with over $3 billion in assets. Tower Federal Credit Union is a member-owned, non-profit financial institution with headquarters in Laurel, MD. Plus, with Guaranteed Savings Certificates, members reap the rewards of their credit union relationship through convenience and savings.” “The Web is a natural first stop for members in their auto search, and this service allows the credit union to see exactly when a member is in the market and help guide them through the pre-approval process, all while increasing their loan volume. “Credit unions exist to serve their members, and we believe that the Car Buying Service powered by TrueCar is a perfect example of this relationship,” said Dave Mercer of Frost-Mercer Group, a partner/agent firm for TrueCar through an agreement with Frost Financial. In the first three months of the program, Tower has helped 273 members get excellent deals and low rates on their vehicle purchases with us, and we’ve closed over $5 million in auto loans.” “Our members save money and enjoy a superior car buying experience, while we increase loan volume and value-added ancillary product sales, creating a true win/win scenario. “Tower’s focus is member service, and TrueCar allows us to provide our members with an easy and convenient way to research and choose their next vehicle online,” explains Jenny Vipperman, Vice President of Consumer Lending at the over 134,000-member co-operative, headquartered in Laurel, Maryland. While TrueCar’s platform does not originate auto loans, it provides a powerful tool that allows credit unions to engage members earlier in the car buying process, resulting in increased loan volume. The service also allows members to access a robust inventory of used cars and to obtain special member discounts on used cars from participating dealers in most states. Over 8,500 franchise dealers participate in the service, representing every major make and model. Historically, users of TrueCar-powered auto buying programs save an average of $3,221 off MSRP. ![]() Moving beyond other online auto-buying sites, the branded car buying service allows members to connect with participating local dealers and receive guaranteed savings off the MSRP of new cars. ![]() The service is designed to provide a transparent and hassle-free car buying experience, and empowers members to configure the new car they are looking for by customizing options, color, features, and even purchase incentives. LAUREL, MD (September 23, 2015) - Tower Federal Credit Union, the largest federal credit union in Maryland (by asset size), is successfully adding to its auto loan portfolio by utilizing the branded car buying service from TrueCar® to identify those members who are in market to purchase a car. Tower Federal Credit Union leverages TrueCar car buying partnership to capture $5 million in auto loans in initial rollout ![]()
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