HOUSTON, May 19, 2015 /PRNewswire/ -- Auto Financial Group, Inc. (AFG), an online provider of innovative financing products for credit unions and banks, announces a new partnership with CU Direct, the leading provider of lending, automotive and strategic solutions to the credit union industry. Together, the two companies plan to expand their presence in the credit union market and integrate technologies to better facilitate balloon lending opportunities for auto dealers.
With the new partnership, dealers, credit unions, and members will experience a swifter, smoother, and more accurate approval process when creating an AFG balloon loan. By integrating AFG's payment and residual value quoting technology with CU Direct's Dealer Portal, customers of all types will be able to experience the convenience and ease of a one-stop shop for their balloon lending needs.
"We're thrilled to be bringing this kind of seamless experience to our customers," said Richard Epley, CEO of AFG, "The access and speed available through this kind of integration will be a true asset to both dealers, lenders, and the consumer."
John Carrington, Senior Vice President of sales at CU Direct adds, "Partnering with AFG allows us to provide an exclusive, value-add solution to simplify the balloon lending process for our credit union and dealer partners. It's a real breakthrough in providing added speed and accuracy to the process."
Credit unions and dealers can take advantage of this new partnership between the two companies immediately, through AFG's payment and residual value quoting technology. The two companies are excited about the opportunities and growth to come as a result of this partnership.
Auto Financial Group, (AFG), a Houston-based company, provides online residual based vehicle financing products, and vehicle remarketing to financial institutions across the United States. The vehicle financing program provides the lease-like advantages of low payments, flexible terms, actual ownership of the vehicle and several end-of-term options, including the option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment. The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return by matching assets to the selling network with the largest population of buyers.
For more information about AFG's vehicle financing or vehicle remarketing programs please call Richard Epley or Stacy Freeman at 713-812-3333 or toll free at 877-354-4234, or visit www.autofinancialgroup.com.
About CU Direct
Established in 1994, CU Direct has helped the credit union industry fund over $160 billion loans by being the nation's leading lending and automotive solutions provider for credit unions. Representing more than 1,100 credit unions, CU Direct specializes in solutions that help credit unions generate loans, create efficiencies, and grow membership. CU Direct offers a diverse, extensive library of products and services designed to help credit unions advance their lending programs and achieve overall portfolio success. For more information on CU Direct and our solutions visit www.cudirect.com.
SOURCE Auto Financial Group, Inc.