TUMWATER, Wash. — O Bee Credit Union has rolled out a program to aid customers who made payments on time on their auto loans.

What the firm is calling its Pay-n-Save Auto Loan can give borrowers a 1-percent credit off their minimum monthly payment. That credit would be automatically applied to the loan amount each month the payment is made by the due date.

The program does have a few stipulations. The minimum loan term is 36 months. Borrowers also are subject to credit approval. The program does not apply to new, used or refinanced loans from another lender.

O Bee also said other terms and restrictions may apply.

"O Bee designed Pay-n-Save with two important thoughts in mind," explained Lee Wojnar, vice president of marketing.

"Even during a difficult financial period, there are a lot of people who make loan payments on time, and we wanted to recognize and reward them," Wojnar continued.

"Equally important is to provide a goal for those who have a tendency to fall behind — stick to your monthly schedule and you'll receive credit that keeps reducing your loan over time," Wojnar concluded.