Meet AFG at the 2022 CU Leadership Convention
If you are attending the CU Leadership Convention in Las Vegas July 19-22, stop by AFG’s booth (#200). You can make an appointment with a representative here: https://go.autofinancialgroup.com/culc2022
Helping credit union members navigate the vehicle-affordability crisis
Many borrowers are finding it difficult to find a vehicle they can afford. According to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index, which tracks the number of weeks of income the average earner needs to buy the average new vehicle, it set a record at the end of 2021: 43.2 weeks. Read full article on creditunions.com
Announcing our 2022 AFG User Conference Speaker Line-Up
We are excited to announce our speaker line-up for the 2022 AFG User Conference. You will not want to miss our keynote speaker, Heather “Lucky” Penney, and hear about her service on 9/11.
Auto Financial Group Announces Q1 2022 Results
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q1 2022 today. In the first quarter of 2022, AFG signed seven new credit unions to its Walk-Away Balloon Lending Program: Empire ONE Federal Credit Union, Limestone Federal Credit…
Holly Bentley celebrates 10th Anniversary with AFG
Holly Bentley, Territory Manager, celebrated her 10th anniversary with Auto Financial Group yesterday. In Holly’s typical hard-working fashion, she marked her anniversary by representing AFG at the CUNA Governmental Affairs Conference in Washington D.C. Thank you, Holly, for all your hard work in the past decade. We look forward to your contributions in the next…
Auto Financial Group Announces Q4 2021 Results
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q4 2021 today. In the fourth quarter of 2021, AFG signed three new credit unions to its Walk-away Balloon Lending Program: Tri-Cities Community Federal Credit Union, Texar Federal Credit…
Auto Financial Group Signs Integration Agreement With Sync1 Systems
Houston, Texas – Auto Financial Group (AFG), announced today that Sync1 Systems, an Austin-based, next-generation loan origination software (LOS) provider, has signed an integration agreement with AFG. This partnership further reinforces AFG’s mission to continue pursuing innovative solutions for their clients. Sync1’s loan origination software (LOS) is designed to promote growth in lending and membership,…
Is Loan Growth Keeping Pace With Deposit Growth At Your Credit Union?
Since the start of the pandemic, deposits at credit unions have risen at unprecedented levels. According to data from NCUA, credit union account balances have risen nearly 60% in the past five years. With loan demand lagging, credit unions have had to pivot to lower yielding investments, which may ultimately strain capitalization requirements. Read full article…
Auto Financial Group Announces Q3 2021 Results
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q3 2021 today. In the third quarter of 2021, AFG signed three new credit unions to its Walk-away Balloon Lending Program: Empower Credit Union, Linn-Co Credit Union, and Southwest…
Auto Financial Group Announces Q1-Q2 2021 Results
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q1-Q2 2021 today. Throughout the first and second quarters of 2021, AFG signed eight new credit unions to its residual based financing programs including: DuPage Credit Union, Embarrass Vermillion…