CU Acceptance Co. Gets More DrivingSense

Register now

HOUSTON - (07/19/060 CU Acceptance Co., a CUSO owned by 12credit unions, said Tuesday it has agreed to offer Auto FinancialGroup’s Driving Sense vehicle balloon financing product tocredit unions. Driving Sense guarantees the predetermined residualvalue of a vehicle through third-party insurance. That removes therisk of an auto loan to the credit union. The deal calls for CUACto offer Driving Sense at the point-of-sale–the dealershipfinance department. CUAC, which is partially owned by CUNA MutualGroup, serves more than 65 credit unions in seven states and hasmore than 1,500 dealer partners.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER