Monica Mendoza

Auto Financial Group Announces Q1 2022 Results

Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q1 2022 today. In the first quarter of 2022, AFG signed seven new credit unions to its Walk-Away Balloon Lending Program: Empire ONE Federal Credit Union, Limestone Federal Credit Union, P1FCU, Sikorsky Financial Credit Union, Inc., MyCredit Union, Vibe Credit Union, and Clearpath Federal Credit Union. These seven credit unions represent combined assets of…

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Auto Financial Group Announces Q4 2021 Results

Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q4 2021 today. In the fourth quarter of 2021, AFG signed three new credit unions to its Walk-away Balloon Lending Program: Tri-Cities Community Federal Credit Union, Texar Federal Credit Union, and Riverfront Federal Credit Union. These three credit unions represent combined assets of nearly $800 million and a reach increase of nearly 1 million…
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Auto Financial Group Signs Integration Agreement With Sync1 Systems

Houston, Texas – Auto Financial Group (AFG), announced today that Sync1 Systems, an Austin-based, next-generation loan origination software (LOS) provider, has signed an integration agreement with AFG. This partnership further reinforces AFG’s mission to continue pursuing innovative solutions for their clients. Sync1’s loan origination software (LOS) is designed to promote growth in lending and membership, while quickly delivering key features to members. With this partnership, AFG’s programs will be integrated into the Sync1 loan origination system. “With this exciting new…
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Is Loan Growth Keeping Pace With Deposit Growth At Your Credit Union?

Since the start of the pandemic, deposits at credit unions have risen at unprecedented levels. According to data from NCUA, credit union account balances have risen nearly 60% in the past five years. With loan demand lagging, credit unions have had to pivot to lower yielding investments, which may ultimately strain capitalization requirements. Read full article on creditunions.com
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Auto Financial Group Announces Q3 2021 Results

Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q3 2021 today. In the third quarter of 2021, AFG signed three new credit unions to its Walk-away Balloon Lending Program: Empower Credit Union, Linn-Co Credit Union, and Southwest 66 Credit Union. These three credit unions represent combined assets of nearly $3 billion and a reach increase of nearly 2 million consumers across three…
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Auto Financial Group Announces Q1-Q2 2021 Results

Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q1-Q2 2021 today. Throughout the first and second quarters of 2021, AFG signed eight new credit unions to its residual based financing programs including: DuPage Credit Union, Embarrass Vermillion Federal Credit Union, JACom Credit Union, LincOne Federal Credit Union, Timberland Federal Credit Union, CES Credit Union, and Guthrie Community Federal Credit Union signed up…
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Auto Financial Group Announces Q4 2020 Results

Auto Financial Group Announces Q4 2020 Results Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q4 2020 today. In the fourth quarter of 2020 AFG signed twelve new credit unions to its residual based financing programs: WSSC Federal Credit Union, Mutual Security CU, CoastLife Credit Union, Capitol View Credit Union, Community One Credit Union of Ohio, Inc., University of Nebraska FCU, Filer…
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Auto Financial Group Announces Q3 2020 Results

Auto Financial Group Announces Q3 2020 Results Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q3 2020 today. In the third quarter of 2020 AFG signed four new credit unions to its residual based financing programs: Hartford Firefighters Federal Credit Union, Heritage USA Federal Credit Union, UHS Employees Federal Credit Union and Union Square Federal Credit Union signed up for the AFG…
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