October 2022, 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 deliver[…]
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[…]
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[…]
MAY 15, 2022 Vicky Kinsey, VP of Marketing Founded in 1954, Bayou Federal Credit Union (Bayou) has assisted members in “Discovering the Difference” – the Credit Union Difference. Bayou makes a difference for more than 8,000 members. Before joining CUAC in 2015, Bayou FCU started and managed an in-house indirect program that was steadily[…]
April 29, 2022 Vicky Kinsey, VP of Marketing Expedition Credit Union (ExpCu) joined the CUAC indirect program in February 2019 bringing a diverse indirect lending experience to the program. CUAC’s reputation as the leader in the industry was pivotal in the final choice and will prove true as they have not only met but exceeded[…]
April 15, 2022 Vicky Kinsey, VP of Marketing Citizens Federal Credit Union (CFCU) joined CUAC in June of 2018 as the first credit union in the West Texas Market. At the time, CFCU was looking for a partner to help them grow their auto lending program. After an extensive search, the choice was clear –[…]
March 21, 2022 by Luke Prather, CU Alliance CUSO Like many lending institutions, ProFed Federal Credit Union in Fort Wayne, Indiana was looking for ways to move excess funds to higher yielding instruments as the economy gained some life in 2017. Indirect lending was one pursuit. Both the CEO and CLO had experience with successful[…]
February 10, 2022 by Vicky Kinsey, Vice President of Marketing, CU Alliance CUSO Alabama CU Services, a CUSO based in Tuscaloosa, AL, operates a very successful indirect program in over a dozen states and provides auto, power‐sports, and tractor lending. Historically, Alabama CU Services provided indirect services only to Alabama Credit Union. However, ACUSI saw[…]
Baton Rouge Telco Credit union has a rich tradition of operating a successful indirect lending program. For over 16 years now, BR Telco CU has utilized CUAC’s indirect platform to bring technology and convenience to their members when shopping for a car, power‐sport or boat loan. One of the latest advances in this technology is eContracting through RouteOne.
No surprise but 2020 has been a troubling time for most people due to the ever-present Corona Virus which has negatively impacted many businesses. In response, most, if not all, businesses have had to adapt to new situations such as self-quarantining and enhanced social distancing to keep employees and consumers safe. These kinds of responses have taken a toll on the auto industry and have put Credit Unions at a disadvantage when competing for their members’ auto financing needs. Credit Union Acceptance Company (CUAC) has taken the necessary steps to ensure that our staff remain healthy and safe while making sure that our indirect lending services don’t miss a beat.