Press Release

GrooveCar Direct Announces 5 New Credit Union Partnerships in Q3 2020

GrooveCar Direct Announces 5 New Credit Union Partnerships in Q3 2020

GrooveCar Direct, the leading auto-buying platform for credit unions, is proud to announce five new partnerships in Q3 2020:

  • District of Columbia Teachers FCU, based in Washington DC, with assets of $47 million, serving 4,603 members
  • KSW FCU, based in Waterville ME, with assets of $79 million, serving 9,952 members
  • Motion FCU, based in Linden NJ, with assets of $67 million, serving 6,361 members
  • Pine Bluff Cotton Belt FCU, based in Pine Bluff AR, with assets of $61 million, serving 5,870 members
  • Spero Financial, based in Greenville SC, with assets of $415 million, serving 53,018 members

GrooveCar Direct enables credit unions to easily connect with their auto shopping members and drive new loans through a customizable platform that is easy to implement and completely scalable. Members can browse through the inventories of local dealers, build vehicles within their budget, and apply for financing—all from the comfort and safety of their homes.

Interested in learning more? Click here to schedule a demo with one of our representatives.    

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CU Xpress Lease Expands into Northern California

CU Xpress Lease Expands into Northern California

HAUPPAUGE, NY – CU Xpress Lease, a Fusion Auto Finance lease product, announces their partnership with PremierOne Credit Union, which boasts over $447 million in assets while serving over 22,000 members with 5 branches in the Santa Clara County area.

PremierOne Credit Union plans on launching their lease program with CU Xpress Lease to its members in Santa Clara county by the beginning of the fourth quarter in 2020.

Belinda Metzler, Vice President of Lending for PremierOne Credit Union stated, “Santa Clara County represents one of the fastest growing lease markets in the United States. As we work our way through the COVID-19 pandemic, we understand that potential car buyers will be even more laser-focused on finding the best monthly payment. Our partnership with the CU Xpress Lease program allows us to offer lease payments that are competitive with the captives, which in turn will result in significant volume we had zero exposure to previously. Most importantly, our partnership allows us to focus on what we do best, which is managing credit risk, without taking on the residual value risk or exposing ourselves to any excess wear and tear or over-mileage associated with leases.”

Added Robert O’Hara, Director of Credit Union Relations for GrooveCar, “We are excited to collaborate with a forward-thinking credit union like PremierOne Credit Union by bringing our lease program to their members and consumers in their market. Car shoppers are payment-driven and leasing provides a true medium for credit unions to capture that volume while becoming far more relevant with dealers in their market.”

About CU Xpress Lease
CU Xpress Lease, a Fusion Auto Finance lease product, is the nation’s premier automotive leasing program for credit unions that generates a solid return on investment, delivers high member satisfaction, and guarantees 100% residual value at lease maturity. Total volume of the program exceeds $5.2 billion and 145,000 vehicles.Additional information can be found at here.

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GrooveCar Direct Announces 4 New Credit Union Partnerships in Q2 2020

GrooveCar Direct Announces 4 New Credit Union Partnerships in Q2 2020

GrooveCar Direct, the leading auto-buying platform for credit unions, is proud to announce four new partnerships in Q2 2020:

  • Educational & Governmental FCU, based in Hartsdale NY, with assets of $56 million, serving 6,421 members
  • Midcoast FCU, based in Bath ME, with assets of $180 million, serving 15,748 members
  • Ray FCU, based in Kearney AZ, with assets of $9 million, serving 2,157 members
  • Rutgers FCU, based in Piscataway NJ, with assets of $79 million, serving 8,905 members

GrooveCar Direct enables credit unions to easily connect with their auto shopping members and drive new loans through a customizable platform that is easy to implement and completely scalable. Members can browse through the inventories of local dealers, build vehicles within their budget, and apply for financing—all from the comfort and safety of their homes.

Interested in learning more? Click here to schedule a demo with one of our representatives.    

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GrooveCar Direct Announces 10 New Credit Union Partnerships in Q1 2020

GrooveCar Direct Announces 10 New Credit Union Partnerships in Q1 2020

Digital member engagement has become more important than ever. During these unprecedented times, credit unions are quickly adapting to their member’s need to complete more of the car purchase transaction online. This includes online tools to browse inventory, build vehicles within budget, and apply for financing, all from the comfort and safety of their own homes.

GrooveCar Direct, the innovative solution for credit union engagement & auto loan growth with existing members, announces 10 additional partnerships to kick off 2020:

  • Alhambra CU, based in Lafayette LA, with assets of $27 million, serving 4,253 members
  • Awakon FCU, based in Onaway MI, with assets of $114 million, serving 13,024 members
  • Elevate CU, based in Brigham City UT, with assets of $146 million, serving 12,739 members
  • Ferguson FCU, based in Tylertown MS, with assets of $82, serving 9,677 members
  • Loudoun CU, based in Leesburg VA, with assets of $43 million, serving 6,118 members
  • Monmouth FCU, based in Monmouth ME, with assets of $19 million, serving 2,373 members
  • New Cumberland FCU, based in New Cumberland PA, with assets of $157 million, serving 19,159 members
  • Union Pacific Streamliner FCU, based in Omaha NE, with assets of $23 million, serving 2,997 members
  • Universal FCU, based in Huntington WV, with assets of $79 million, serving 6,895 members
  • Western Region FCU, based in Cleveland OH, with assets of $13 million, serving 2,354 members

GrooveCar Direct is the nation’s leading program to enhance member experience and auto loan engagement. Designed exclusively for credit unions of any size, GrooveCar Direct delivers the pivotal ability to reach existing members at any point in their car shopping journey, while providing each credit union partner with consultation services and marketing support.

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