Press Release

PassTime Announces Webinar Focusing on Credit Union Programs

 
 
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LITTLETON, CO -- April 3, 2013 - PassTime, an industry leader in GPS tracking and Automated Collection Technology products, announced today that its next webinar session will focus on how PassTime programs can help credit unions grow loan portfolios.

Approximately two in three credit union executives see loan growth as the critical business issue facing their industry in 2013, according to a new survey from TransUnion. Auto loans may be the main focus of that growth. TransUnion administered the survey to 104 credit union executives at the CUNA Governmental Affairs Conference in Washington, D.C., in late February.

Further, the survey found that more than half of credit union respondents believe auto loans are their biggest opportunity.

PassTime provides GPS Tracking Solutions and Automated Collection Technology (ACT) designed to improve customer payment performance and reduce repossession risks. Through patented technology including payment reminders and GPS tracking features, lenders can help mitigate their risk.

“The cornerstone of managing auto lending risk—both prime and subprime—is protecting collateral. PassTime devices have helped credit unions grow their loan portfolios, and reduced delinquencies and charge-offs. The device also makes it easier to find and repossess vehicles if necessary,” explained Jake Frank, co-founder and executive vice president for PassTime.

PassTime’s credit-union-focused webinar held on April 30, 2013 at 11am EDT.

During the webinar, credit union participants can expect to learn:

o What is Automated Collections Technology and who is using it?

o First Time Buyer Programs - New members and new loans

o Fresh Start Loans - Helping members and creating opportunities

o Using GPS Technology for Loan Modifications

CEOs, Lending Vice Presidents and Collections Managers should all attend.

For more information about PassTime and attending the webinar, please call Paulette Rodriguez at 303-623-5339 or email prodriguez@passtimeusa.com or visit www.passtimeusa.com.

About PassTime

Headquartered in Littleton, Colorado, PassTime was founded in 1992; the PassTime Suite of Products is designed to improve customer payment performance and reduce default and repossession risks. In 1997, PassTime created its first Automated Collections Technology product. Over the next several years, a Suite of Products evolved that offer GPS tracking, wireless, and Automated Collections products and services designed to meet the needs of a highly diverse industry of car dealers and special finance companies. PassTime solutions facilitate higher rates of return on financing based upon improved customer payment performance. PassTime prides itself on a 24/7 Customer Care Support Center for partners, lenders, dealerships, and end-user customers. Over the past decade, PassTime has sustained industry leadership with its innovative products and services.

 

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