Suddenly, auto loans popular at credit unions

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IN THE DRIVER’S SEAT: Frederick Reinhardt, CEO and president of Greenwood Credit Union, says more people were turning to Greenwood and other credit unions for auto loans as interest rates changed over the last year. 
PBN PHOTO/­MICHAEL SALERNO
IN THE DRIVER’S SEAT: Frederick Reinhardt, CEO and president of Greenwood Credit Union, says more people were turning to Greenwood and other credit unions for auto loans as interest rates changed over the last year. 
PBN PHOTO/­MICHAEL SALERNO
Frederick Reinhardt immediately noticed something was up – way up – last year shortly after the Federal Reserve began hiking interest rates from nearly 0% to over 5%. And it wasn’t just the price of money. Reinhardt, CEO and president of Greenwood Credit Union in Warwick, saw that his financial institution was issuing many more…

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