Same-Day Funding Offered For CarLoans

July 18, 2005, 1:00 a.m. EDT 1 Min Read

SAN ANTONIO, Texas - (07/18/05) -- San Antonio FCU, which runs thebiggest indirect car loan program for credit unions, said it isimplementing a system that will allow dealers to transmit loanapplications to the credit union and receive their funding on thesame day. The system, offered by DealerTrack, will speed the timefor completing car sales for both members and dealers. The $1.8billion credit union has 400 member dealers in Texas and alsopurchases loans for 16 other area credit unions.

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