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Thank you to the Cooperative Credit Union Association for approving our Small Credit Union Grant application and helping to fund local advertising on WHAV!

HTM CU is partnering with local museums to offer Free Passes

The HTM Credit Union is pleased to announce that we will be partnering with these local museums to offer Free Passes to visit!

Haverhill Firefighting Museum, 75 Kenoza Ave., Firefighting Collection, Children’s Museum, and home to the 9/11 Memorial Sculpture, “Clambering Upward”.

MOP, The Museum of Printing, 15 Thornton Avenue

Please drop by during regular business hours to pick up your passes!

Auto Finance Tips

Refinancing Your Car Loan By Philip Reed, Senior Consumer Advice Editor

As interest rates drop, people’s thoughts turn to refinancing — refinancing their home loan, that is. What they don’t know is that refinancing an auto loan is easier to do, and it can save you some serious money.

How much? Say you bought a new car six months ago. And say there were a few dings on your credit so the dealer told you that your auto loan would be 11 percent on a five-year loan for a $23,000 car. Your monthly payments are $500.

Now let’s say that you surf the Web until you find a company that offers auto refinancing. You could refinance the balance of your car loan and lower your payments to about $400 a month. That’s a savings of nearly $6,000 over the life of the loan.

Other examples could well be more dramatic. In some cases, a new-car buyer could wind up with an auto loan based on an 18-percent interest rate. By refinancing at a competitive rate, the monthly payments would be slashed, and all it takes is about 10 minutes to fill out the application.