TALLAHASSEE, Fla. — A partnership that began two years ago between the Florida Credit Union League and General Electric is helping credit unions get rid of a surplus of repossessed cars that many are experiencing due current economic conditions.
The CU AutoNet/GE Capital Solutions Fleet Finance Remarketing program is available to credit unions through the Florida league and helps credit unions get better positioning and sale prices at auto auctions for their repossessed cars and lease turn-ins.
"Right now there's an increase in repossessions overall, and credit unions are struggling to get rid of them," said Keith Hopkins, vice president, business development of the Florida Credit Union League Service Group Inc.
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