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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…

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…

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…

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…

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,…

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…

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…

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 2022 today. In the second quarter of 2022, AFG signed four new credit unions to its Walk-Away Balloon Lending Program: First Service Credit Union, Allied Healthcare Federal Credit Union, Northern Credit Union and Centricity Credit Union. These four credit unions represent combined assets of over $1.6 billion and a reach increase of 6.8…

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 2022 today. In the first quarter of 2022, AFG signed seven new credit unions to its Walk-Away Balloon Lending Program: Empire ONE Federal Credit Union, Limestone Federal Credit Union, P1FCU, Sikorsky Financial Credit Union, Inc., MyCredit Union, Vibe Credit Union, and Clearpath Federal Credit Union. These seven credit unions represent combined assets of…

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 2021 today. In the fourth quarter of 2021, AFG signed three new credit unions to its Walk-away Balloon Lending Program: Tri-Cities Community Federal Credit Union, Texar Federal Credit Union, and Riverfront Federal Credit Union. These three credit unions represent combined assets of nearly $800 million and a reach increase of nearly 1 million…

Houston, Texas – Auto Financial Group (AFG), announced today that Sync1 Systems, an Austin-based, next-generation loan origination software (LOS) provider, has signed an integration agreement with AFG. This partnership further reinforces AFG’s mission to continue pursuing innovative solutions for their clients. Sync1’s loan origination software (LOS) is designed to promote growth in lending and membership, while quickly delivering key features to members. With this partnership, AFG’s programs will be integrated into the Sync1 loan origination system. “With this exciting new…

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 2021 today. In the third quarter of 2021, AFG signed three new credit unions to its Walk-away Balloon Lending Program: Empower Credit Union, Linn-Co Credit Union, and Southwest 66 Credit Union. These three credit unions represent combined assets of nearly $3 billion and a reach increase of nearly 2 million consumers across three…

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-Q2 2021 today. Throughout the first and second quarters of 2021, AFG signed eight new credit unions to its residual based financing programs including: DuPage Credit Union, Embarrass Vermillion Federal Credit Union, JACom Credit Union, LincOne Federal Credit Union, Timberland Federal Credit Union, CES Credit Union, and Guthrie Community Federal Credit Union signed up…

Auto Financial Group Announces Q4 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 Q4 2020 today. In the fourth quarter of 2020 AFG signed twelve new credit unions to its residual based financing programs: WSSC Federal Credit Union, Mutual Security CU, CoastLife Credit Union, Capitol View Credit Union, Community One Credit Union of Ohio, Inc., University of Nebraska FCU, Filer…

Auto Financial Group Announces Q3 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 Q3 2020 today. In the third quarter of 2020 AFG signed four new credit unions to its residual based financing programs: Hartford Firefighters Federal Credit Union, Heritage USA Federal Credit Union, UHS Employees Federal Credit Union and Union Square Federal Credit Union signed up for the AFG…

Houston, Texas – Auto Financial Group (AFG) and CRIF Select announced a new partnership today. CRIF Select will now offer AFG’s walk-away balloon and leasing programs through their 5,000 auto dealers and 140+ lender partners. “We are excited to partner with CRIF select, which will allow us to meet the growing demand for residual based financing products by bringing our programs to even more consumers through CRIF’s extensive dealer and lender network,” says Richard Epley, CEO of AFG. “We are…

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 2020 today. In the second quarter of 2020, in spite of the challenges due to the coronavirus lockdown, AFG signed five new credit unions to its residual based financing programs: AmeriCU Credit Union, Bridge Credit Union and National JACL Credit Union signed up for the AFG Balloon Lending Program and Associated Credit Union…

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…

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…

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…

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 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…

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…

Houston, Texas – Auto Financial Group (AFG), a leading provider of innovative financing products for credit unions and banks, announced Fall 2016 growth figures today, revealing increasing momentum in new customer signings with AFG’s Balloon Lending program. Since September 2016, AFG has signed seven new credit unions to their Balloon Lending program, resulting in a reach increase of 1,563,615 new consumers. These new organizations include: Gold Coast FCU, St. Cloud Federal Credit Union, PA Central FCU, Laramie Plains Community FCU,…