April 29, 2022 Vicky Kinsey, VP of Marketing Expedition Credit Union (ExpCu) joined the CUAC indirect program in February 2019 bringing a diverse indirect lending experience to the program. CUAC’s reputation as the leader in the industry was pivotal in the final choice and will prove true as they have not only met but exceeded[…]
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 –[…]
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 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[…]
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.
The right point-of-sale and indirect lending solutions assists your credit union to attract more members for your organization. Surveys show that significant growth is achieved by expanding into the indirect auto lending marketplace. You should consider offering indirect loans through selected auto dealerships in your area.
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.
Indirect auto lending arrangements are on the rise. Credit unions and lending institutions can maximize their profits and diversify their investment portfolios by making sure they get their share of this expanding sector of the economy.
Indirect auto lending arrangements can provide added help for your credit union in acquiring new customers and ensuring that you get your fair share of this valuable sector of the consumer loan marketplace.
Most credit unions are apprehensive to dive into the indirect lending world and for good reason; starting an indirect auto lending program can be overwhelming.