Timeline Stories

Fusion and Novak Motors open a new 120,000 square foot indoor LRRC and retail center in Farmingdale, NY to replace the outgrown Hauppauge location. The CU Xpress Lease program expands to California. Fusion and Novak Motors reach 100 employees combined in three business locations.
In its tenth year, the CU Xpress Lease program reaches more than 85,000 leased vehicles and over $3.1 billion in new vehicle lending.

A new Lease Return and Resale Center/Novak Motors location opens in Lebanon, New Jersey to accommodate the tremendous growth in the northern and central New Jersey markets. The largest credit union in New Jersey, Affinity Federal Credit Union, joins the CU Xpress Lease program and experiences considerable growth to its new car lending business. The growth of the lease program reaches 60,000 leased vehicles and more than $1.80 billion in new lending.

The CU Xpress Lease program reaches 45,000 leased vehicles and $1.35 billion in total volume. Fusion’s “No Surprises” Excess Wear & Tear policy provides lease customers peace of mind that the condition of their vehicle returned at lease-end will be inspected in a fair manner.

The CU Xpress Lease program reaches 20,000 leased vehicles and more than 25 vehicle brands in the Fusion lease portfolio. Novak Motors also opens a second retail dealership in Bedford, Texas.

Fusion opens the first Lease Return and Resale Center (LRRC) and Novak Motors in Hauppauge, NY – this 30,000 square foot indoor facility is dedicated to credit union members who have leased vehicles through the CU Xpress Lease program. Customers have their vehicle inspected and returned here at the end of their lease term or purchase it with credit union financing. Credit union member sales events are also conducted at the LRRC to provide late model, low mileage, clean Carfax vehicles to consumers at below market prices.