After the Texas Department of Motor Vehicles implemented its electronic lien and title program in November, Texans Credit Union decided to move to an electronic title system.
In January, the CU made the move for its 97% of vehicle loans that are secured in Texas and plans to implement the system for titles in other states this spring.
Electronic lien and title solution provider, VINtek, took over Texans' paper inventory and sent electronic images of the files to the credit union. For new titles, the credit union receives them electronically directly from the dealership.
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