By: Kurt Howard In 2019, 1st Gateway Credit Union began the search for a new partner for their indirect lending solution. The software they utilized at the time was slow and redundant. In addition to the technological issues, costs were escalating and their service deteriorating. The credit union began the search for a provider that[…]
BRECO FCU Sees Nice Boost to their Loan Volume With CUAC
By: Victor Shin Prior to partnering with CUAC, BRECO Federal Credit Union was solely reliant on direct auto loans and using social media & newsletters to promote auto lending to their members. Although they were offering electronic signatures on loan documents, members were still signing with other lenders at the dealership due to the convenience[…]
Carolina FCU Takes Their Indirect Lending to the Next Level with CUAC
By: Margaret McMartin In February of 2022, Carolina FCU was working with an established indirect lending vendor. The two largest issues they were having at the time with their existing provider were cost and the lack of opportunity to compete with other tier-one lenders within the system. They decided to seek an option that would[…]
Avanti Federal Credit Union Benefits From CUAC’s Indirect Lending Solutions
By: Vicky Kinsey Early in 2022, Avanti Federal Credit Union was looking at excess liquidity and a lack of auto loans. At the time, they did not have an indirect lending product in place and wanted to look for a partner that would fit their individual needs. The credit union hired a consultant that quickly[…]
Members Auto Solutions Becomes a Thriving CUSO by Partnering with CUAC
BY: Vicky Kinsey IH Mississippi Valley Credit Union (IHMVCU) and its auto lending CUSO Members Auto Solutions (MAS) has seen a steady growth in membership and assets since it was founded in 1934. One of the areas to see significant growth was their auto loan origination. From 2016 to 2018, outgrowing their balance sheet, the[…]
Is your current indirect lending provider delivering what they promised?
By: Lizzy Mayers Prior to joining the CUAC program, Campus Federal® partnered with a third-party provider to originate auto loans. The main challenge the credit union faced was the level of auto loans was below where it needed to be in order to successfully diversify their loan portfolio. It was clear their vendor could not[…]
Is your indirect lending provider checking all the boxes?
July 26, 2022 Vicky Kinsey, VP of Marketing In October of 2020, North Carolina Community Federal CU (NCCFCU) was working with an established national provider for indirect lending services. Even though they had an indirect program, they were still processing and decisioning all loans with no after-hours coverage. One of their big challenges was the[…]
Cherokee Strip CU is a Model for Smaller Credit Unions Indirect Lending Programs
June 1, 2022 Vicky Kinsey, VP of Marketing Cherokee Strip CU set out to look for a partner to help them set up an indirect lending program for their Credit Union. Their goals were simple: Reach a wider membership, make it easier for members to obtain car loans and be available outside of working hours[…]
PrimeTrust FCU Joins CUAC Program
September 20, 2021: PrimeTrust Federal Credit Union has joined the Credit Union Acceptance Company, LLC (CUAC) program for its indirect lending needs in Muncie, Indiana. PrimeTrust FCU will now be a part of the CUAC indirect network of credit unions that allow it to take advantage of the technology needed to take their indirect lending[…]
Air Force Federal CU Partners with CUAC
December 31, 2020: Air Force Federal Credit Union (AFFCU) has partnered with Credit Union Acceptance Company, LLC (CUAC) to power their indirect lending program. AFFCU will utilize CUAC’s Full‐Service indirect lending platform to further boost their commitment to service and convenience to their members. “2020 has reinforced the paramount importance of being flexible and versatile[…]