Press releases

Auto Financial Group Announces Q1 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 Q1 2020 today. In the first quarter of 2020, in spite of the challenges due to the coronavirus lockdown, AFG signed three new credit unions to the AFG Balloon Lending Program: Family Advantage Federal Credit Union, Montana Health FCU and Pasadena Service Federal Credit Union. The three credit unions represent combined assets of over…
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Auto Financial Group Announces Q4 2019 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 2019 today. In the last quarter of 2019, AFG signed four new credit unions to the AFG Balloon Lending Program: Electro Savings Credit Union, Extra Credit Union, MAC Federal Credit Union and Awakon Federal Credit Union. The four credit unions represent combined assets of over $400 million and a reach increase of over…

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Auto Financial Group Announces Q2-Q3 2019 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-Q3 2019 today. In the last two quarters, AFG signed seven new credit unions to the AFG Balloon Lending Program including Arkansas Federal Credit Union, Panhandle Educators Federal Credit Union, Northland Area Federal Credit Union, Desert Valleys Federal Credit Union and First New York Federal Credit Union to name a few. The seven credit…

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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…

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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…

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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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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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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…
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Auto Financial Group Announces Strong Results for Q2 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 Q2 2018 today, continuing a strong trend in new customer signings of the past year. In this quarter, AFG has signed eight new credit unions to the AFG Balloon Lending Program: Minnesota Power Employees Credit Union, York County FCU, Mill City Credit Union, American Lake Credit Union, AllWealth FCU, Postal Family Credit Union, Members…
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