indirect lending solutions

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[…]

Considerations for Credit Union Members Applying for an Auto Loan

A number of factors are involved in putting together a successful auto loan. At Credit Union Acceptance Company (CUAC), we specialize in providing support for indirect auto lending arrangements for the credit unions we serve. Understanding the elements of the auto loans you offer can help you provide the most practical assistance to your members in the competitive lending environment. Borrowers should consider a few important points when taking on a new auto loan.

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[…]

Indirect Lending In Overdrive

In today’s lending world, indirect automobile lending is a crucial part of a Credit Union’s lending strategy, especially with the continued decaying of member loyalty and increased competition at the dealership level and an abundance of lenders in the marketplace.

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