CU Funds Auto Loans Same Day

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San Antonio FCU, which runs the biggest indirect car loan program for credit unions, said it is implementing a system that will allow dealers to transmit loan applications to the credit union and receive their funding on the same day.

The system, offered by DealerTrack, will speed the time for completing car sales for both members and dealers.

The $1.8-billion credit union has 400 member dealers in Texas and also purchases loans for 16 other area credit unions.

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