Reliant Credit Union helped 1,829 members refinance their high-rate auto loans with low-rate Reliant loans in 2025, saving them collectively over $10 million! That equates to an average savings per member of $5,501 in interest over the life of their auto loans, with many saving even more!
Only five years earlier, in 2020, Reliant had set a goal for the year of saving its members one million dollars in auto loan interest by refinancing their auto loans held elsewhere. The credit union surpassed that benchmark in 2020, and by 2024, finished out the year having saved its members over $3.5 million in auto loan interest. Now in 2025, the credit union exceeded that original million-dollar-savings goal by a factor of ten, reinforcing Reliant’s long-standing commitment to helping members put money back into their pockets.
Reliant’s auto loan refinancing program offers members the opportunity to lower their monthly payments, reduce interest rates, or shorten the term of their loans. By transferring their existing auto loans from other financial institutions to Reliant, members have unlocked substantial savings while enjoying the benefits of Reliant’s member-focused approach.
“By taking the time to understand each member’s situation, we’re able to deliver solutions that have a lasting impact,” said Michael Miller, Senior Vice President of Enterprise Risk Management. “The dollars our members save through refinancing their auto loans translate into greater flexibility, less financial stress, and more freedom to focus on what matters most in their lives.”
One member who refinanced in 2025 was quoted as saying, “Refinancing my auto loan to a lower interest rate is really saving me money. The process was fast and I was approved in minutes.”
“We’re proud of the impact this program continues to have,” Miller added. “We don’t measure success by loan volume alone; we measure it by the real financial progress our members make. These results show just how powerful that approach can be.”