Timeline Post Type Description
Despite the auto industry being in the midst of a considerable downturn, the CU Xpress Lease program continues to expand its impact – Fusion’s lease program reaches 10,000 leased vehicles comprised of 16 different brands and totaling more than $300 million in new lending business for partnering credit unions.
CU Xpress Lease Reaches 10,000 Vehicles Read More »
Fusion partners with GrooveCar to launch the CU Xpress Lease program for Long Island, NY credit unions. This indirect lease model allows credit unions to offer an auto lease product to their members at point of sale in dealerships with full control of credit approval and rate structures. The first credit union to join the program is Teachers Federal Credit Union (TFCU), a progressive $7 billion credit union based in Hauppauge, NY. TFCU has remained the longest tenured participant in the CU Xpress Lease program.
Teachers Federal Credit Union Joins CU Xpress Lease Read More »
Fusion Auto Finance, LLC disrupts the credit union industry, formed with a goal to provide dedicated residual value management to credit unions. For the first time credit unions can offer auto leasing to their members through franchised new car dealerships with the confidence that Fusion will guarantee the full residual value on all returned lease vehicle maturities.
Fusion Disrupts the Credit Union Industry Read More »
EndTrust adds Huntington Bank as a client to its managed lease portfolios – over the next five years EndTrust mitigates residual value exposure on over 50,000 lease vehicles resulting in more than $4 million in risk savings to the bank.
EndTrust Adds Huntington Bank Read More »
Jim Calvert launches EndTrust to provide remarketing services to banks and independent leasing companies. Remarketing of lease portfolios is an emerging process and Jim had been an integral manager in developing the world class methods at Mercedes-Benz Financial Services.
EndTrust is Launched Read More »
