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Michigan State University CU Activates Aimbridge's Indirect Lending Program

DENVER - Michigan State University, East Lansing, the largest university-based credit union in the U.S., is the latest credit union to implement Aimbridge Group's indirect lending platform. With $1.2 billion in assets, MSU FCU previously did not have an indirect lending platform, but instead handled auto lending on its own....

By Staff Writer | Updated on November 30, 2004

DENVER – Michigan State University, East Lansing, the largest university-based credit union in the U.S., is the latest credit union to implement Aimbridge Group’s indirect lending platform. With $1.2 billion in assets, MSU FCU previously did not have an indirect lending platform, but instead handled auto lending on its own. According to the CU’s June 5300 call report, it had $75 million in new car loans and $123 million in used car loans in its portfolio. After considering many indirect lending providers it selected Aimbridge because the CU said it “has the best technology platform, and it is easy and effective for our credit union, members and the respective dealerships.” Aimbridge Indirect Lending is one of four divisions of Aimbridge Lending. The other three are Aimbridge Home Loans, Aimbridge Financial Services, and Aimbridge Disposition Services.

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