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GE Money And York Create Consumer Finance Relationship For HVAC Purchases


Published :
Thu, 27 May 2010 11:03
By : 1888pressrelease.com
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Dayton-Springfield, OH (1888PressRelease) May 26, 2010 - GE Money, the consumer lending unit of General Electric Company (NYSE:GE - News), and YORK, a leading manufacturer of heating and air conditioning products, today announced a multi-year agreement to offer the GE Money Home DesignSM program on residential HVAC equipment. The private-label credit card program, managed by GE Money's Sales Finance unit, provides competitive rates and promotions. GE Money provides billions of dollars in consumer financing through more than 145,000 small and medium businesses on Main Streets across the United States.



Homeowners can use the Home Design card to purchase any of YORK's HVAC products, which include the YORK, Coleman and Luxaire brands, and consumers can find an approved dealer in their area via GE Money's online Business Locator. The application process is fast and easy, with credit decisions occurring within seconds. Additionally, homeowners may be able to take advantage of up to $1,500 in tax incentives on qualified purchases of high-efficiency HVAC products and equipment for their primary residences.



"Often the purchase of a heating or air conditioning unit is an immediate need, and the Home Design program gives our customers financial flexibility at a very important time," said Mike Simpson, manager of distributor development for YORK



As part of the program agreement, YORK dealers use GE Money's Web-based finance management portal, Business Center. Business Center provides dealers with an easy, secure way to manage their credit programs and better serve their customers. Thousands of businesses use GE Money's Business Center to securely access all the sales, operational, marketing and training tools they need at the click of a button.



"We are excited to partner with YORK in providing this flexible service offering," said Bruce Christensen, vice president and General Manager of GE Money's Home Improvement division. "The Home Design program presents customers with a new way to budget and pay for purchases through our competitive rates and promotions."



About YORK

Founded in 1874 in York, Pennsylvania, YORK Products and Services from Johnson Controls has a rich heritage in providing space conditioning and refrigeration products. YORK is a leading air conditioning, heating, refrigeration, and ventilating company, with more than 20 worldwide manufacturing facilities and sales offices in over 100 countries. Brands include YORK, Coleman, and Luxaire products. York has 6,000 dealers. For more information about YORK, visit www.york.com.



About GE Money

GE Money's Sales Finance unit, based in Kettering, Ohio, is a part of General Electric Company's GE Capital division, (NYSE: GE). GE Money provides credit card programs and financial services for consumers through dealers; national, regional and independent retailers; associations; contractors; manufacturers; healthcare practices; and service providers in nearly 20 industries including: automotive, consumer electronics and appliances, elective health care, floor covering, home design and improvement, home furnishings, jewelry, music, powersports, outdoor power equipment and sporting goods. More information can be found at www.gemoney.com, www.gecapital.com and twitter.com/gecapital.



GE is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. GE is Imagination at Work. For more information, visit the company's Web site at www.ge.com, www.gereports.com and twitter.com/ge_reports.

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