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[…]
September 13, 2021: In November of 2020, Fort Bragg Federal Credit Union partnered with Credit Union Acceptance Company, LLC (CUAC) to power their indirect lending solution. Since that time, FBFCU has seen significant growth with their program. With their previous solution, Fort Bragg FCU was missing key technology components needed to elevate their indirect[…]
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.[…]
Houston, TX | October 19, 2020: North Carolina Community FCU and Credit Union Acceptance Company, LLC (CUAC) are pleased to announce that North Carolina Community FCU has joined the CUAC indirect lending program.
Keystone Lending Alliance (KLA) is celebrating its 10‐year anniversary in 2018 and in that time, has become the leading indirect lending CUSO for credit unions in Pennsylvania. Located in Wexford, PA, just outside of Pittsburgh, KLA is providing a multitude of indirect related services to over 30 credit unions throughout the state.
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.