SAN ANTONIO, Texas – San Antonio Federal Credit Union has begun offering dealers an innovative electronic way to fund automobile loans for the CU's more than 231,000 members. The $1.8 billion SACU says it is the first CU in the U.S. to offer eContracting, a fully-integrated electronic process provided through DealerTrack that simplifies the contracting process by allowing dealers to transmit contract information electronically to SACU and receive funding as early as the next day. SACU's Chuck Smith, first VP and director of lending said the credit union has had "very positive feedback from our dealers, especially on the speed with which they receive funding." SACU has 400 member dealers in Texas. It also purchases loans for 16 other CU partners.
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