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.[…]
eContracting Through RouteOne ® Helps Take Baton Rouge Telco Credit Union’s Indirect Lending Program to the Next Level
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.
CUAC Response to COVID-19
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.
1st. Gateway Credit Union Joins CUAC
Credit Union Acceptance Company, LLC (CUAC) is pleased to announce that 1ST Gateway Credit Union has joined the CUAC network of credit unions.
Flexibility is Key with Indirect Lending Provider for Fortera Credit Union
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.
Texas Trust Credit Union Joins CUAC
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.
Is Your Credit Union Equipped to Operate a Profitable Indirect Lending Program?
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:
Automation Drives Credit Union Indirect Program to Next Level
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.
ACFCU Joins CUAC
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[…]
Is Your Credit Union Ready for the Digital Revolution in Indirect Lending?
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.