LEVERAGE, an affiliate of the
League of Southeastern Credit Union & Affiliates, and CRIF Lending Solutions announce a partnership to provide Alabama and Florida credit unions with a customizable indirect auto lending program. Auto lending is trending upward again and credit unions have great opportunities to grow their auto portfolios. This partnership provides LEVERAGE clients with a trusted name in auto lending.
“Many of our credit unions are looking for an indirect lending solution to aggressively capitalize on the rapidly expanding indirect auto lending market,” said LEVERAGE President/CEO Patrick La Pine. “CRIF Select has comprehensive and customizable indirect lending solutions to offer our credit unions. From outsourced processing and funding to proven expertise and innovative technology, CRIF Select is the total solution for credit unions.”
"We are very excited to work with LEVERAGE credit union clients to help drive indirect lending portfolio growth and better serve their members," said CRIF Select President Jeremy Engbrecht. "CRIF works with credit unions at every step so the solution is customizable and fits their needs perfectly.”
CRIF Select specializes in key aspects of outsourced indirect and merchant lending. A division of CRIF Lending Solutions, CRIF Select, connects lenders, as well as their customers and members, to local auto dealerships through its state-of-the-art technology, call center support and outsourced loan processing services. CRIF Select’s complete suite of services allows lenders to do what they do best – lend.
New and used auto lending has long been the bread and butter for credit unions. As the economy is bouncing back, credit unions are making more new and used auto loans. In 2013, credit unions collectively saw a four-percent growth rate in new auto loans and a three-percent jump in used auto loans.