For almost 14 years now, Fortera Credit Union in Clarksville, Tennessee has operated a very successful indirect program using the services provided by Credit Union Acceptance Company, LLC (CUAC). In early 2006, Fortera contracted with CUAC to provide its Full-Service Indirect Program which included dealer representation, underwriting, loan processing, funding and all back-off related tasks such as charge-back processing, title services, etc. Over the course of the next 13 years, with a lot of hard work by both parties, the program grew tremendously.
CUAC is pleased to announce that Texas Trust Credit Union has joined the CUAC network of credit unions for application aggregation through Dealertrack and RouteOne.
In late 2016, we were fortunate enough to be contacted by Chris Hay, President & CEO of Dannemora Federal Credit Union in Dannemora, New York, regarding their exploration efforts into whether an indirect lending program would be a good fit for their credit union. Chris had many of the normal concerns that we encounter when working through the discovery phase with prospective clients:
Prior to joining the CUAC family earlier this year, Amarillo Community Federal CU, like many other credit unions across the country, was operating an indirect program using a patchwork of manual tools. Scott Rose, the new President and CEO, began to look at all facets of the credit union’s operations to determine how best to become more efficient and effective. The indirect lending program was one of his first stops.
Amarillo, TX | May 27, 2019: Amarillo Community Federal Credit Union is excited to announce that it has joined the CUAC network for credit unions for application aggregation through Dealertrack and RouteOne. Beginning Monday, June 3, 2019, ACFCU dealers will now be able to submit applications via Dealertrack and RouteOne via the CUAC platform. What does this mean? When submitting[…]
For my colleagues who have worked in the indirect lending space for any length of time, who can remember ALL the way back to 2000? It seems like yesterday that we were hunkered down in our basements with our MREs waiting for the inevitable doomsday events of Y2K that never quite happened. It seems like yesterday but almost 2 full decades ago were the days of receiving credit applications across the fax machine from our dealer partners.
As a proud member of the CUA family, CUAC is a firm supporter of the COACH philosophy. Cooperative, Outstanding, Attitude, Charitable and Happy!
Providing expert financial counseling for the members of your credit union is a positive step toward helping them to make practical and appropriate decisions when choosing indirect auto lending and other loan arrangements in our area.
Credit Union Lending Systems (CULS) has been the premier indirect lending solution for the St. Louis, Missouri, and surrounding area credit unions for almost 2 decades now. With credit union lending partners in Missouri, Illinois and Kansas, CULS has broadened its footprint over the last 2 decades through its dedication to fine tuning the member experience at the dealership.
Credit Union Acceptance Company, LLC (CUAC) is excited to announce that United Educators Credit Union in Apple Valley, MN has joined the CUAC indirect program. UECU, based in Apple Valley, MN, brings a diverse indirect lending experience to the program.