Keys Federal Credit Union recently announced that it exceeded its Community Challenge savings goal of $500,000.
Since Jan. 1, the credit union has saved the Keys community more than $516,000 in loan interest from other lenders. That's an average savings of more than $2,200 per person, according to a press release.
Keys Federal Credit Union reached this goal by refinancing loans and mortgages from other lenders as well as transferring high-rate credit card balances to our low-rate credit cards.
With the goal met, the credit union will donate a total of $5,000 to three of the following local charities: Boys Girls Club, Monroe Association for ReMARCable Citizens, Visiting Nurse Association and Hospice of the Florida Keys and The Florida Keys SPCA.
Visit keystosaving.org to vote on how the $5,000 donation is awarded among the organizations.