HOUSTON, November 16, 2022 /PRNewswire/ — Auto Financial Group (AFG) today announced that CU*Answers, a credit union service organization (CUSO) and co-operative society incorporated in Grand Rapids, Michigansigned a listing agreement and continues to drive forward the development of a future integration with AFG.
This relationship will make AFG’s lending and leasing programs even easier to access and implement for financial institutions in the CU*Answers network.
CU*Answers’ integration with Auto Financial Group will allow balloon loan and member data to be transferred directly from CU*BASE, CUSO’s core processing platform, to the AFG Calculator and then updated for update the balloon loan application in CU*BASE, transparently. .
This partnership further reinforces AFG’s mission to bring its walk-in lending and leasing programs to financial institutions across the country to meet growing consumer demand for lower auto payments. This relationship will make AFG’s lending and leasing programs even easier to access and implement for financial institutions in the CU*Answers network.
“We are thrilled to work with the CU*Answers team, and look forward to bringing value to their clients through our residual funding programs,” said Richard EpleyCEO of Auto Financial Group.
CEO of CU*Answers Geoff Johnson commented that the AFG integration will be a great addition to the CU*BASE platform. “This will definitely be a major win for our customers, streamlining the process between core and AFG,” Johnson said. “We look forward to working with the AFG team to bring this offering to our network.”
Find out more about AFG programs on https://www.autofinancialgroup.com/products/
About Groupe Financier Auto
Auto Financial Group (AFG), a Houston-, provides an online, residual-based vehicle financing product called AFG Balloon Lending, as well as vehicle leasing and vehicle remarketing to financial institutions across United States.
AFG’s residual finance solutions offer the benefits of lower payments, flexible terms, in the case of the balloon loan, beneficial ownership of the vehicle and multiple end-of-term options, including the option to return the vehicle and leave instead of paying the final loan payment. The financial institution receives higher loan yields, a competitive residual-based financing alternative, and AFG manages the entire end-of-term process.
The AFG Remarketing program is a proven solution for financial institutions that delivers the best financial return to their customers by matching assets to the sales channel with the greatest number of buyers.
For more information about AFG, call toll-free at 877-354-4234, or visit www.autofinancialgroup.com
CU*Answers offers expertise in implementing technical solutions to operational needs and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services to credit unions, including its flagship CU*BASE® processing system (online and in-house) and Internet development services including It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image verification processing. Founded in 1970, CU*Answers is a cooperative 100% owned by credit unions. CUSO provides services to credit unions representing over 2 million members and $28 billion in credit union assets. For more information, visit www.cuanswers.com.
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