Dade County FCU Adds Auto Financial Group’s Balloon Loan

Published January 16, 2013, 8:04 p.m. EST

Updated August 26, 2020, 10:29 p.m. EDT

1 Min Read

MIAMI Dade County FCU has signed with Auto Financial Group of Houston to offer the company’s DrivingSense balloon loan program.

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The $580-million credit union will offer Auto Financial’s DrivingSense program as a direct and/or indirect lending option to its members.

Auto Financial Group said DrivingSense makes it easy for credit unions to offer branded balloon loans to members. The residual value risk is mitigated because the program guarantees the predetermined residual value of the vehicles, the company said.

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