Auto Financial Group continues to expand CU client base

AUSTIN, Texas – Medical Community Credit Union in Odessa, Texas is the latest credit union to partner with Auto Financial Group, a leading online provider of residual-based financing products for credit unions. As a result of the partnership between the $50 million CU and Auto Financial Group, Medical Community receives easy-to-use electronic loan documents from the company, in a secure online environment. Using these resources, the CU’s officers and staff can build a vehicle for members and illustrate to them the difference in payments between conventional financing and Auto Financial Group’s balloon and lease products. The CU’s 22,000 members can also access the calculator on Medical Community’s Web site to build a vehicle and compare payments themselves. Auto Financial Group currently has partnerships with eight credit unions, the largest being $300 million-United Heritage CU, Austin. Among some of the other CUs that do business with the company are Enron, Cameron and Shell Employees FCUs. By participating in PMP, Security Service can safely extend auto loans to members with impaired credit. PMP also provides expertise to help members negotiate the best possible deal for the vehicle of their choice, thereby gaining the opportunity to improve their credit by making regular and timely loan payments.