Press releases

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.…

Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced Q1 2017 growth figures today, revealing increasing momentum in new customer signings. Since January 2017, AFG has signed four new credit unions to the AFG Balloon Lending Program: Torrington Municipal & Teachers FCU, Sioux Falls FCU and Great Lakes First FCU. The fourth credit union could not be disclosed due to marketing policies.  These four credit…

Houston, Texas (March 22, 2017) – Auto Financial Group (AFG), an online provider of innovative financing products for credit unions and banks, announced today that Dave Pratt has joined their vehicle remarketing department as Remarketing Manager. In this new position, Pratt will oversee daily operations of the team. Pratt brings over 20 years of experience in the automotive industry, having worked in various capacities at dealerships early in his career, followed by a successful run in the fleet lease industry as…