Press releases

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…

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…

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…

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…

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…

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…

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 2017 and Q1 2018 today, continuing a strong trend in new customer signings of the past year. Since October 2017, AFG has signed eight new credit unions to the AFG Balloon Lending Program: Great Basin FCU, Cencap FCU, Two Harbors FCU, Pima FCU, Best Financial Credit Union, Northern Kentucky Educators Credit Union, HealthCare…

Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced Q3 2017 growth figures today, revealing increasing momentum in new customer signings. AFG welcomes Credit Union of Texas as a new partner to our remarketing services. Credit Union of Texas is based in Dallas, TX and ranks in the top 100 credit unions in the country in asset size with over 120,000 members. Learn more about…

Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced Q2 2017 growth figures today, revealing increasing momentum in new customer signings. Since April 2017, AFG has signed nine new credit unions to the AFG Balloon Lending Program including: Hartford Healthcare FCU, Hudson River Financial FCU, Northwoods Credit Union, PriorityONE Credit Union, Smart Financial Credit Union, South Bay Credit Union, South Florida Educational FCU and U.S.…