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.
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.
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: ACFCU 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 applications via Dealertrack[…]