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Auto Financial Group Announces Q1 2024 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 2024 today. In the first quarter of 2024, AFG signed three new credit unions to its Walk-Away Balloon Lending Program, Maine State Credit Union, MCT Credit Union and Texans Credit Union. The three credit unions represent combined assets of over $3 billion and a reach increase of more than 10 million consumers across…
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Auto Financial Group Announces Q3-Q4 2023 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-Q4 2023 today. In the second half of 2023, AFG signed five new credit unions to its Walk-Away Balloon Lending Program, including Fibre Federal Credit Union, Finger Lakes Health Care Federal Credit Union and State Civil Service Employees Federal Credit Union. The five credit unions represent combined assets of over $2.3 billion and a…
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Auto Financial Group Announces Q2 2023 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 Q2 2023 today. In Q2 2023, AFG signed five new credit unions to its Walk-Away Balloon Lending Program: Instep Credit Union, NorState Federal Credit Union, Portland Local No 8 Federal Credit Union, Tarrant County’s Credit Union, and Texhillco School Employees Federal Credit Union. These five credit unions represent combined assets of $480 million and…

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Auto Financial Group Announces Q1 2023 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 2023 today. In Q1 2023, AFG signed four new credit unions to its Walk-Away Balloon Lending Program including Community Resource Credit Union, Foothills Credit Union, and West Texas Credit Union. These four credit unions represent combined assets of $388 million and a reach increase of over 2 million consumers across four states. “For…

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Navigating High Rates And Shrinking Liquidity

The high cost of vehicles combined with rising interest rates is creating the perfect storm and making it very hard for many consumers to afford a reliable vehicle. Borrowers are experiencing not only sticker shock but also payment shock. Read full article on creditunions.com
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3 Reasons Now Is The Perfect Time To Offer A Lease Program

According to Experian’s State of the Automotive Finance Market Report, 1 in 5 borrowers financing a new car use some form of residual-based financing. Your borrowers look to you for the best rates on conventional loans but are forced to captives and your competitors for alternative low-payment financing options that incorporate residual values. Read full article on creditunions.com
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Auto Financial Group Announces Q3-Q4 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 Q3-Q4 2022 today. In the second half of 2022, AFG signed nine new credit unions to its Walk-Away Balloon Lending Program including: Financial Partners Credit Union, Fort Worth City Credit Union, Healthcare Systems Federal Credit Union, Mountain Laurel Federal Credit Union, Olean Area Federal Credit Union, Prestige Community Credit Union, Rock Valley Credit Union,…

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Auto Financial Group Signs Agreement with CU*Answers

Houston, Texas – Auto Financial Group (AFG) announced today that CU*Answers, a Credit Union Service Organization (CUSO) and a cooperative corporation headquartered and incorporated in Grand Rapids, Michigan, has signed a referral agreement and continues to advance the development of a future integration with AFG. CU*Answers’ integration with Auto Financial Group will allow balloon loan and member data to be pushed directly from CU*BASE, the CUSO’s core processing platform, to the AFG calculator and then back to update the balloon…
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Auto Financial Group Signs Integration Agreement with MeridianLink

Houston, Texas – November 1, 2022 – Auto Financial Group (AFG), announced today that it has signed an integration agreement with MeridianLink, Inc.® (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. This partnership further reinforces AFG’s mission to pursue innovative solutions that help our clients streamline their workflows. With this integration, AFG’s Balloon Lending Program will be even easier to implement for financial institutions using MeridianLink’s loan origination system (LOS). The loan…
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Meet AFG at Lending Tech Live 2022

If you are attending Lending Tech Live at the Gaylord Rockies in Colorado, stop by AFG's booth (#124). You can make an appointment with a representative here: https://go.autofinancialgroup.com/lending-tech-live-2022
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