Repo Auctioneer Signs CUGiants

Register now

PORTLAND, Ore. - (09/30/05) -- TitleAuctions Inc. Announced it hassigned two of the largest credit unions, Texans CU and VyStar CU,to sell their repossessed cars on its auction site. The site,CUAuctions.co., allows credit unions to sell repo vehicles onlineto their members on their own websites. Inventory is also marketedto non-members through search engines, like Google, MSN and Yahoo.Privately owned TitleAuctions has a client base of 59 credit unionsin 19 states. Texans CU is based in Richardson, Texas and has morethan $1.4 billion in assets, and VyStar CU is in Jacksonville,Fla., and claims almost $3 billion in assets.

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