The $18 billion Pentagon Federal Credit Union in Alexandria, Va., has joined auto underwriter Open Lending as a client.

The firm underwrites auto loans to credit union members whose credit scores might not be strong enough to have obtained loans on their own.

PenFed will join more than 200 other credit unions currently using the Open Lending Lenders Protection platform, according to John Flynn, president/CEO of Open Lending in Austin, Texas.

“Our partnership with Open Lending is a win-win in the true sense, as more people will become eligible to take advantage of the wonderful product suite we offer,” Fred Rubin, PenFed's chief credit officer, said. “Our relationship with Open Lending will enable us to really apply analytics and science to bring our market-leading products to more of our members.”

Open Lending said it has underwritten more than $2 billion in auto loans since 2004.

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