indirect lending for credit unions

Air Force Federal CU Partners with CUAC

December 31, 2020: Air Force Federal Credit Union (AFFCU) has partnered with Credit Union Acceptance Company, LLC (CUAC) to power their indirect lending program. AFFCU will utilize CUAC’s Full‐Service indirect lending platform to further boost their commitment to service and convenience to their members. “2020 has reinforced the paramount importance of being flexible and versatile[…]

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:

Quality Control is Key with any Indirect Auto Lending Program

When credit unions think of indirect lending, the first thing that comes to mind is risk. Risk is inherent with any type of lending; however, with indirect auto lending, risk can be exacerbated by elements created by the dealer and the inability for the credit union to personally interact with the member.

Effective Management of Your Credit Union Indirect Auto Lending Program

Expanding the financial options available to your members through credit union indirect auto lending services can boost customer satisfaction and can ensure that your financial institution gets its fair share of the lucrative auto loan marketplace. Managing your indirect lending programs in a proactive way can help you to deliver the right options for your members. Here[…]

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