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 started researching companies that would check each box they needed. The consultant’s primary directive was to find a solution that was cost-effective and met their unique needs as a smaller credit union.
CUAC’s indirect lending products provided the cost-effective solution that Avanti was looking for while also providing all the bells and whistles needed to compete in today’s landscape. This included connection to the Dealertrack and RouteOne platforms, digital contracting through both platforms, multiple document delivery channels for dealers, etc. “CUAC has delivered on each one of their promises. We have had prompt and positive experiences with their team.” Said Judy Wolff, Avanti FCU’s CEO.
CUAC’s true customization provides credit unions the ability to choose from a genuinely a-la-carte approach giving them all the services they want and nothing they do not. Avanti FCU has taken advantage of the services offered to enhance its offering to local dealers. Since partnering with CUAC, the credit union has seen a huge increase in loan volume and drastically improved its value at the dealer level. Kurt Howard, Chief Operating Officer, had this to say. “It has been a real pleasure working with Judy, Steve, and the rest of their team. We are proud that Avanti chose CUAC as the provider to begin their indirect program with. CUAC is a great fit for smaller credit unions because we provide leading-edge technology with minimal investment. We look forward to a very long and successful relationship with Avanti FCU.”
Avanti FCU was founded in 1953 as Watertown Employee’s FCU. In 2009, it received approval from the National Credit Union Administration to change its name to Avanti Federal Credit Union. On March 1, 2018, Avanti FCU merged with Glacial Lakes Educational Employees FCU expanding their field of membership.
If you are interested in taking your credit union or CUSO’s indirect lending program to the next level, please reach out to Kurt Howard at email@example.com or online at cuac.com/contact.