Technology Credit Union finances electric sports cars

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The credit union is one of Tesla’s preferred financial partnersby: Karen BankstonTesla Motors offers high-end all-electric sports cars that are hot commodities in California, where they are manufactured. And if you ask about financing your Tesla, you may be referred to Technology Credit Union, which is among the carmaker’s preferred financing partners and one of the first credit unions in the country to offer loans for these cars.“Tesla is a top-tier Silicon Valley brand, known for their technologically advanced vehicles. This makes for excellent brand association for Tech CU, and it’s consistent with our focus on serving the technology ecosystem,” says Debra Bowman, SVP/retail banking for the $1.8 billion San Jose, Calif., credit union with more than 70,000 members.Tech CU offers up to 100 percent financing for three Tesla models, which an Internet search shows have manufacturer’s suggested retail prices up to $100,000. The CU has developed a streamlined process for funding the loans, with a dedicated phone number for Tesla buyers.Not only are the electric vehicles popular with existing members, but Tech CU sees the financing partnership as a path to recruiting new members in its home market. Bowman cites from a recent Automotive News article that sales of the Model S in the San Francisco Bay Area outpaced nationwide sales of Cadillac’s all-electric ELR in the first six months of 2014. continue reading »last_img read more

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Batesville Man Could Be Charged For Hunting Infractions

first_imgA tip to conservation officers launched an investigation into alleged illegal deer hunting activities by a Batesville man.45-year-old David Grieshop is accused of being complicit in the illegal possession of at least eight antlered deer. Each infraction is a class B misdemeanor.Indiana DNR regulations limit Hoosier hunters to the harvest of one buck per season.DNR officials said the illegal hunting practices by Grieshop, as well as a minor, could lead to eighteen separate violations. The involvement by a minor could lead to delinquency of a minor charge against Grieshop, a class A misdemeanor, according to conservation authorities.Charges are pending with the Franklin County Prosecutors Office.last_img

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