credit union

BRECO Federal Credit Union Joins CUAC Program

May 27, 2021: BRECO Federal Credit Union has joined the Credit Union Acceptance Company, LLC (CUAC) program  in  Louisiana.     BRECO  FCU  joins  10  other  credit  unions  in  Louisiana  and  will  help  make  the  program even stronger. “We’re thrilled to partner with CUAC in this new venture. We sought a way to add value for our[…]

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.

Credit Union Lending Systems Driving Auto Loans for the Gateway City

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.

CUAC Collaboration Helped CULANE Become a Thriving Maine CUSO

As Credit Unions look for efficiencies and economies of scale within the indirect auto lending space, collaboration has become incredibly important. Many indirect lending programs available in the market today encourage competition among credit unions and participants find themselves cannibalizing each other’s members, sacrificing profitability for lower rates and focusing on less quality due to desired higher volume.

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