AFG and Medical Community Credit Union Partner to Provide Credit Union Members Auto Financial Package

Austin, Texas - Auto Financial Group, an online provider of residual-based financing products for credit unions, announces it has added another client to its growing list. Medical Community Credit Union of Odessa, Texas, a full-service financial institution with more than 22,000 members in the Permian Basin area of West Texas, will begin to offer its members an innovative solution to automobile financing.

Auto Financial Group's web-based program will provide Medical Community Credit Union with easy-to-use electronic loan documents, in a secure online environment. Using these resources, the credit union's officers and staff can build a vehicle for their members and illustrate the difference in payments between conventional financing and Auto Financial Group's balloon and lease products. Medical Community Credit Union members can also access the calculator on the credit union's website to build a vehicle and compare payments themselves.

Members of the credit union benefit from this service by receiving lower payments, flexible two- to five- year terms, actual ownership of the vehicle and several end-of-term options.

"We are extremely excited to be working with Medical Community Credit Union to serve the Midland/Odessa community," says Richard Epley, President of Auto Financial Group. "Our innovative software and financing products will benefit both the credit union and its members, and provide us with an advantageous partnership."

Auto Financial Group, based in Houston, Texas, provides residual-based financing products to credit unions. Auto Financial Group removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handles the vehicle's disposition. Auto Financial Group is paid only one low administration fee for each lease or balloon contract while the credit union earns all the interest. Members benefit from lower payments (often as much as 40 percent lower), flexible two- to five-year terms, actual ownership and several end-of-term options.