ROME, NY – DECEMBER 3, 2024: AmeriCU Credit Union is excited to announce its participation in the New York State Excelsior Linked Deposit Program (LDP). This initiative allows AmeriCU to offer discounted equipment loans, providing valuable support to businesses in our community.
AmeriCU is proud to be one of only two credit unions in New York State to participate in the LDP program. The program offers reduced-rate financing designed to assist businesses within New York by making borrowing less expensive. Qualifying business owners can enjoy rates as low as 4.50% APR on new or used equipment loans.
“Local businesses play a vital role in driving our local economy and enhancing quality of life in our community. By partnering with the New York State Excelsior Linked Deposit Program, AmeriCU aims to help businesses save significantly on borrowing costs, making it easier to purchase equipment and tools necessary for their success,” says John Arnold, VP, Business Services. This is a great opportunity for businesses to modernize their equipment, increase their capabilities, and qualify for more funding with great economic benefits.”
AmeriCU remains dedicated to empowering businesses, large or small, with lending solutions tailored to their needs, so they can spend less time managing their finances, and more time connecting with customers.
To learn more about this opportunity or to start your application, visit one of AmeriCU’s Financial Centers or got to www.americu.org/equipment.
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About AmeriCU
As a credit union, AmeriCU is a not-for-profit financial institution owned by our members. Serving 24 counties in New York and beyond, AmeriCU provides you with all the products and services you need – often with low or no fees, and better rates. The organization has been serving the local community for over 74 years and, in that time, has grown to more than 167,000 members, 20 financial centers, and $2.7 billion in assets. AmeriCU is located in Central New York and is among the State’s largest, full-service financial cooperatives. For more information, visit www.AmeriCU.org.
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