CU Xpress Lease Inc. said it has signed IC FCU as its first enrollee in the Bay State.

The $500 million IC FCU in Fitchburg, Mass. serves more than 22,000 members. Founded in 1928 as the Immaculate Conception Credit Union, it is one of the nation's oldest cooperatives.

“We are quite excited to expand the CU Xpress lease program into the New England region, which is a leasing marketing that reaches high penetration levels,” said Frank Rinaudo, CU Xpress Lease senior vice president.

Launched in 2007, CU Xpress Lease is a joint venture of GrooveCar Inc. in Hauppauge, N.Y. and Fusion Auto Finance LLC in Hurst, Texas.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lending