United FCU Signs With Auto Financial Group For Indirect Lending

ST. JOSEPH, Mich. – United FCU said it has agreed ti install Auto Financial Group’s DrivingSense indirect loan option.

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DrivingSense is an auto financing product that offers the lease-like benefits of a balloon loan to credit unions and their members. It allows credit unions to "build" a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40% lower), flexible two- to six-year terms, actual ownership of the vehicle and several end-of-term options.

DrivingSense removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third-party insurance, as well as handling the vehicle’s disposition at the end of the term. AFG is paid one administration fee for each DrivingSense loan, while the credit union earns all the interest. Credit unions are protected while building an important relationship with their members.


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