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Auto Financial Group Achieves Double-Digit Results in Q1 2019

Houston, Texas, May 14, 2019 – 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 2019 today, increasing the number of new customer signings compared to every quarter in 2018. In this quarter, AFG signed eleven new credit unions to the AFG Balloon Lending Program: Cinfed CU, Traverse Catholic FCU, Financial Builders FCU, Velocity Credit Union, MountainCrest Credit Union, CapEd Federal Credit Union, Ray Federal Credit…

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Auto Financial Group and CarLotz Team Up to Provide a Comprehensive Remarketing Solution

HOUSTON, April 9, 2019 – Auto Financial Group (AFG) and CarLotz announced today a new remarketing partnership. Through this relationship, AFG’s clients will have access to a comprehensive remarketing solution that will not only help simplify their process but will place vehicles for sale through the optimal channel to maximize the return on their portfolio. “The partnership with AFG enables us to utilize our national retail remarketing footprint along with our combined wholesale expertise to ensure that AFG’s clients receive the greatest possible…

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PenFed Credit Union Signs Agreement with Auto Financial Group

Houston, Texas – Auto Financial Group (AFG) announced today that Pentagon Federal Credit Union (PenFed), the second largest federally chartered credit union in the United States based on assets, has signed on to AFG’s Residual Based Financing Program. The partnership with PenFed further reinforces AFG’s mission to expand into new markets to meet the rising consumer demand for residual based financing. AFG’s Program will be available to PenFed’s member base of 1.8 million. “The AFG program will allow us to…

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Auto Financial Group Maintains Strong Growth in Q4 2018

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 2018 today, continuing a strong trend in new customer signings of 2018. In this quarter, AFG signed seven new credit unions. Six signed up for the AFG Balloon Lending Program: Shell Federal Credit Union, Honolulu Federal Credit Union, Pheple Federal Credit Union, Marion Community Credit Union and SECNY Federal Credit Union. Forest Area…

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AFG announces lender and dealer award winners

LENDER AWARDS Top Performer AFG's Holly Bentley presents the award to Kevin Quibell, The Summit FCU's Indirect Lending Account Executive Most Improved AFG's Dave Funderburk presents the award to Tammie Atoigue, Sound Credit Union's Vice President of Consumer Lending Rookie of the Year AFG's Holly Bentley presents the award to Nancy Sieller, Torrington Municipal & Teachers FCU's COO DEALER AWARDS Top Performer - Dealer Group Top Performer - Independent Dealer Top Performer - Single Franchise Dealer AFG's Holly Bentley presents…
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Auto Financial Group Maintains Strong Growth in Q3 2018

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 2018 today, continuing a strong trend in new customer signings of the past year. In this quarter, AFG has signed five new credit unions to the AFG Balloon Lending Program: Texas Bay Credit Union, C&O United Credit Union, Peninsula Federal Credit Union, University Credit Union and Peace Officers Professional Associations (POPA) FCU. These…

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AFG’s Tim Kelly featured in NAFCU podcast

AFG's Tim Kelly featured in NAFCU podcast discussing the auto market and how to combat negative equity trends According to Experian Automotive, in Q1 2018 consumers chose residual-based financing for nearly 30% of all new vehicles financed. In 2019, as car prices and interest rates continue to rise, consumers will continue to seek flexible financing programs to make their monthly payments affordable. The used car opportunity is huge. Knowing your options and understanding how to keep your business safe, while…
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Helping Members Get Off the ‘Negative Equity Treadmill’

AFG's Tim Kelly explores a few approaches to help borrowers who are upside-down on their loans in a CU Times Article It’s an all too common situation. A couple named Lisa and Roger own a vehicle that increasingly presents expensive mechanical issues, feels dated in terms of technology, and is too small and unreliable for a growing family. They’re eager to get into a newer car but the value of the current car is $10,000 and they owe $15,000. They…
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Auto Financial Group Announces Strategic Growth into the Canadian Market

HOUSTON, August 9, 2018 – Auto Financial Group announced today that it completed the acquisition of Credit Union Leasing Administration of Canada Ltd. on August 1. CUL Administration of Canada provides a turnkey program to Canadian credit unions to enable them to participate in consumer and commercial automobile leasing. Peter Birks, President of CUL Administration of Canada, will continue to run operations as the company integrates with Auto Financial Group. AFG’s growth into new markets demonstrates its commitment to financial institutions across the United…
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