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[…]
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[…]
Lake Community FCU Partners with CUAC
May 21, 2021: Lake Community Federal Credit Union (LCFCU) has partnered with Credit Union Acceptance Company, LLC (CUAC) to provide indirect lending services in Northeast Ohio. LCFCU will utilize CUAC’s Full‐Service indirect lending platform to further boost their commitment to service and convenience to their members. “We are extremely excited to partner up with CUAC.[…]