What if you could increase income with low-risk indirect auto lending?

A unique opportunity is now available for state-chartered credit unions to stake claim in the new and used auto market through LEVERAGE partner, Credit Union Loan Source (CULS). CULS’ expertise in the auto lending industry allows credit unions to increase revenue through monthly indirect auto loan participations originated in a network of over 550 franchise dealers across eight […]

A unique opportunity is now available for state-chartered credit unions to stake claim in the new and used auto market through LEVERAGE partner, Credit Union Loan Source (CULS). CULS’ expertise in the auto lending industry allows credit unions to increase revenue through monthly indirect auto loan participations originated in a network of over 550 franchise dealers across eight states.

Participating credit unions own a portion of every loan in the pool bringing greater geographic and asset-class diversification to their portfolios. CULS originates a greater proportion of 84-month loans with a heavier concentration of used vehicles at higher interest rates. This business model allows CULS to target a net yield of 425+bps for investing credit unions.

Loans are underwritten to uniform credit guidelines for prime loans (640 FICO and above) and are designed to maximize net yields. Participating credit unions own a portion of every loan in the pool, mitigating the risk and bringing greater diversification to their portfolios. CULS model targets high yielding prime segments, including a greater concentration of used vehicles and 84 month loans. This strategy allows CULS to target a net yield of 425+bps for investing credit unions. Monthly investments are scalable from $250k and up, and administration of the program is simple, CULS provides all necessary reporting and support.

To learn more about how to increase indirect lending at your credit union, contact us at consult@myleverage.com.

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About Us

The League of Southeastern Credit Unions & Affiliates represents 302 credit unions in Alabama, Florida and Georgia, with a combined total of $175 billion in assets and more than 11.6 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

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To be the trusted advocate and preferred source of information for credit unions.

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