Credit Union Auto Finance
Unlock the Power of Indirect Lending
Indirect Auto Lending's Turnkey Solution
Welcome to Credit Union Auto Finance
The business model used by Credit Union Auto Finance (CUAF) a Credit Union Service Organization (CUSO) is to apply each credit union’s unique underwriting standards, rates and terms to the indirect lending arena. We help credit unions develop an indirect lending program using our industry experience, to create a safe, sound and competitive program.
The work flow begins when a dealer submits an application to Credit Union Auto Finance using DealerTrack, RouteOne for a specific credit union. The application automatically runs through the designated credit union’s underwriting criteria and will either approve, refer or decline (auto declines are optional). If referred, the application is manually reviewed by CUAF using the credit union’s specific guidelines. Once approved and the dealer accepts the terms and conditions, the loan is closed at the dealership and all documents are forwarded to Credit Union Auto Finance for quality review. We ensure that all stipulations are fulfilled and the documents have been properly signed. Once completed, we forward the loan package to the credit union for funding.
