HOUSTON - CU Acceptance Co., a CUSO owned by 12 credit unions, said Tuesday it has agreed to offer Auto Financial Group’s Driving Sense vehicle balloon financing product to credit unions. Driving Sense guarantees the predetermined residual value of a vehicle through third-party insurance. That removes the risk of an auto loan to the credit union. The deal calls for CUAC to offer Driving Sense at the point-of-sale–the dealership finance department. CUAC, which is partially owned by CUNA Mutual Group, serves more than 65 credit unions in seven states and has more than 1,500 dealer partners.
CU Acceptance Co. Gets More Driving Sense
July 19, 2006, 1:10 p.m. EDT 1 Min Read
