HOUSTON, July 30,
2024 /PRNewswire/ -- Auto Financial Group (AFG),
announced today that the integration between CU*Answers, a Credit
Union Service Organization (CUSO) and a cooperative corporation
headquartered and incorporated in Grand
Rapids, Michigan and the AFG Residual Value and Payment
Quoting calculator is live.
AFG's innovative programs are now easier to
access and implement within CU*Answers' network of financial
institutions.
CU*Answers' integration with Auto Financial Group allows balloon
loan and member data to seamlessly flow between CU*Base,
the CUSO's core processing platform, and the AFG Calculator
and enables automatic updates to balloon loan applications in
CU*Base directly from the AFG Calculator, streamlining the loan
origination process.
The integration will further provide greater efficiency in
implementing AFG's Balloon Lending Program for financial
institutions using CU*Base and ensure that all loan documentation
remains synchronized and up to date across both systems.
"We are thrilled that the integration between the AFG Calculator
and the CU*Base loan origination system is live," said Amy Buchinger, Director of Member Services and
Lending at Frankenmuth Credit Union. "This integration will
streamline our workflow by eliminating the need to switch between
platforms and automatically importing information. This enhancement
not only saves time and reduces human error but also allows our
team to focus on serving our members' needs effectively."
This partnership underscores AFG's commitment to making its
"Walk-Away" Balloon Lending and Leasing programs more accessible to
financial institutions nationwide, meeting the growing consumer
demand for lower auto payments. Through our collaboration with
CU*Answers, AFG's innovative programs are now easier to access and
implement within CU*Answers' network of financial institutions.
Learn more about AFG's programs at
https://www.autofinancialgroup.com/products/
About Auto Financial Group
Auto Financial Group (AFG), a Houston-based company, provides an online,
residual based, walk-away vehicle financing product called AFG
Balloon Lending, as well as vehicle leasing and vehicle remarketing
to financial institutions across the
United States.
AFG's residual based financing solutions provide the advantages
of lower payments, flexible terms, in the case of the balloon loan,
actual ownership of the vehicle and several end-of-term options,
including the option to surrender the vehicle and walk away in lieu
of paying the final loan payment. The financial institution
receives higher loan yields, a competitive residual based financing
alternative, and AFG manages the entire end-of-term process.
The AFG Remarketing program is a proven solution for financial
institutions that offers the greatest financial return to their
clients by matching assets to the selling network with the greatest
number of buyers.
For more information about AFG call toll free at
877-354-4234, or visit www.autofinancialgroup.com.
About CU Answers
CU Answers is a Credit Union Service Organization (CUSO) and a
cooperative corporation headquartered and incorporated in
Grand Rapids, Michigan. We are
exclusively owned by credit unions, and provide the bulk of our
services to the credit union industry. Our flagship product is
CU*BASE, our state-of-the-art member data processing system
combining the best of member information databases, marketing
tools, high quality presentation tools, powerful processing
capability and flexible configuration. In addition, CU*Answers
offers other professional and software services, either directly or
through our cuasterisk.com network.
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SOURCE Auto Financial Group