Members of Space City Credit Union will have another means to buy and sell their vehicles thanks to a new marketplace.

The $64 million credit union in Houston, said it will launch its Members Private Sale 2.0 Friday.

The free channel furnishes a guaranteed offer for sellers through a third-party partner that provides members with an option to sell their car quickly at a fair price, according to Space City.

Members will also have access to a vehicle listing with a free Auto Check report, Kelly Bluebook data, showcase photos, condition report and social media integration for sales optimization.

The MPS is a “software as a service” product designed as a lead generation system to provide credit unions with increased direct auto loan volume, leases and ancillary products such as extended warranties, GAP insurance and credit life and disability insurance for credit unions, according to the company.

As an early adopter of MPS, Space City has been instrumental in providing feedback for product enhancements through the beta release to help make MPS 2.0 a valuable tool for both credit unions and their members, MPS said.

“We've been excited about the opportunities this tool offers for both the credit union and our members,” said Craig Rohden, president/CEO of Space City. “Ultimately, this is a terrific lead-gen tool for our loan officers, and provides us with an opportunity to engage our members directly.”

He added, “The social media integration provides us with a dialog and relevant content to drive member-to-member engagement that was missing before. We look forward to the launch and the positive response from both our members and our bottom line.”

Members Private Sale CEO Steven Keys said plans are in place to roll out MPS 2.0 to credit unions in the greater Texas region in 2014 and gradually expand nationally based on market response.