Finopotamus Podcast about Residual Based Financing
AFG’s Tim Kelly was recently interviewed for the Finopotamus podcast about residual based financing and the benefits for credit unions. Listen to the Podcast
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Auto Financial Group Announces Integration with Newgen Loan Origination System
Houston, Texas – Auto Financial Group (AFG), the leading provider of residual-based financing products and services for financial institutions, is excited to announce its latest integration with the Newgen Loan Origination System (LOS). This integration marks another step forward in AFG’s commitment to delivering seamless, user-friendly solutions that enhance operational efficiency for financial institutions. AFG’s…
Auto Financial Group and CU*Answers Launch Integration
Houston, Texas – 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. CU*Answers’ integration with Auto Financial Group allows balloon loan and member data to…
Auto Financial Group Announces Q1 2024 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 2024 today. In the first quarter of 2024, AFG signed three new credit unions to its Walk-Away Balloon Lending Program, Maine State Credit Union, MCT Credit Union and…
Auto Financial Group Announces Q3-Q4 2023 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-Q4 2023 today. In the second half of 2023, AFG signed five new credit unions to its Walk-Away Balloon Lending Program, including Fibre Federal Credit Union, Finger Lakes Health…
Auto Financial Group Announces Q2 2023 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 Q2 2023 today. In Q2 2023, AFG signed five new credit unions to its Walk-Away Balloon Lending Program: Instep Credit Union, NorState Federal Credit Union, Portland Local No 8…
Auto Financial Group Announces Q1 2023 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 2023 today. In Q1 2023, AFG signed four new credit unions to its Walk-Away Balloon Lending Program including Community Resource Credit Union, Foothills Credit Union, and West Texas…
Navigating High Rates And Shrinking Liquidity
The high cost of vehicles combined with rising interest rates is creating the perfect storm and making it very hard for many consumers to afford a reliable vehicle. Borrowers are experiencing not only sticker shock but also payment shock. Read full article on credit unions.com
3 Reasons Now Is The Perfect Time To Offer A Lease Program
According to Experian’s State of the Automotive Finance Market Report, 1 in 5 borrowers financing a new car use some form of residual-based financing. Your borrowers look to you for the best rates on conventional loans but are forced to captives and your competitors for alternative low-payment financing options that incorporate residual values. Read full article…
Auto Financial Group Announces Q3-Q4 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 Q3-Q4 2022 today. In the second half of 2022, AFG signed nine new credit unions to its Walk-Away Balloon Lending Program including: Financial Partners Credit Union, Fort Worth City…
Auto Financial Group Signs Agreement with CU*Answers
Houston, Texas – Auto Financial Group (AFG) announced today that CU*Answers, a Credit Union Service Organization (CUSO) and a cooperative corporation headquartered and incorporated in Grand Rapids, Michigan, has signed a referral agreement and continues to advance the development of a future integration with AFG. CU*Answers’ integration with Auto Financial Group will allow balloon loan…
Auto Financial Group Signs Integration Agreement with MeridianLink
Houston, Texas – November 1, 2022 – Auto Financial Group (AFG), announced today that it has signed an integration agreement with MeridianLink, Inc.® (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. This partnership further reinforces AFG’s mission to pursue innovative solutions that help our clients streamline their…
Meet AFG at Lending Tech Live 2022
If you are attending Lending Tech Live at the Gaylord Rockies in Colorado, stop by AFG’s booth (#124). You can make an appointment with a representative here: https://go.autofinancialgroup.com/lending-tech-live-2022
Auto Financial Group Announces Q2 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 Q2 2022 today. In the second quarter of 2022, AFG signed four new credit unions to its Walk-Away Balloon Lending Program: First Service Credit Union, Allied Healthcare Federal Credit…
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…
Trends in the automotive industry
In this video, Michael Bor, CarLotz CEO, talks about trends in the automotive industry and in used car sales in particular.
5 lessons the pandemic has taught us about vehicle financing
In this video, we discuss 5 lessons learned during the pandemic
Auto Financial Group Announces Q4 2020 Results
Auto Financial Group Announces Q4 2020 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 2020 today. In the fourth quarter of 2020 AFG signed twelve new credit unions to its residual based financing programs: WSSC…
Auto Financial Group Announces Q3 2020 Results
Auto Financial Group Announces Q3 2020 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 2020 today. In the third quarter of 2020 AFG signed four new credit unions to its residual based financing programs: Hartford…
Auto Financial Group Partners with CRIF Select
Houston, Texas – Auto Financial Group (AFG) and CRIF Select announced a new partnership today. CRIF Select will now offer AFG’s walk-away balloon and leasing programs through their 5,000 auto dealers and 140+ lender partners. “We are excited to partner with CRIF select, which will allow us to meet the growing demand for residual based…
Auto Financial Group Announces Q2 2020 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 Q2 2020 today. In the second quarter of 2020, in spite of the challenges due to the coronavirus lockdown, AFG signed five new credit unions to its residual based…
Auto Financial Group Announces Q1 2020 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 2020 today. In the first quarter of 2020, in spite of the challenges due to the coronavirus lockdown, AFG signed three new credit unions to the AFG Balloon…
Auto Financial Group Announces Q4 2019 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 2019 today. In the last quarter of 2019, AFG signed four new credit unions to the AFG Balloon Lending Program: Electro Savings Credit Union, Extra Credit Union, MAC…
Reflecting on 2019
2019 marked AFG’s 20th anniversary. In this video we look back on the history of the company, on the 2019 AFG User Conference and the 20th anniversary celebrations.
Auto Financial Group Announces Q2-Q3 2019 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 Q2-Q3 2019 today. In the last two quarters, AFG signed seven new credit unions to the AFG Balloon Lending Program including Arkansas Federal Credit Union, Panhandle Educators Federal Credit…
Auto Financial Group Achieves Double-Digit Results in Q1 2019
Houston, Texas, May 14, 2019 – 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 2019 today, increasing the number of new customer signings compared to every quarter in 2018. In this quarter, AFG signed eleven new credit unions to…
Auto Financial Group and CarLotz Team Up to Provide a Comprehensive Remarketing Solution
HOUSTON, April 9, 2019 – Auto Financial Group (AFG) and CarLotz announced today a new remarketing partnership. Through this relationship, AFG’s clients will have access to a comprehensive remarketing solution that will not only help simplify their process but will place vehicles for sale through the optimal channel to maximize the return on their portfolio.…
PenFed Credit Union Signs Agreement with Auto Financial Group
Houston, Texas – Auto Financial Group (AFG) announced today that Pentagon Federal Credit Union (PenFed), the second largest federally chartered credit union in the United States based on assets, has signed on to AFG’s Residual Based Financing Program. The partnership with PenFed further reinforces AFG’s mission to expand into new markets to meet the rising…
Auto Financial Group Maintains Strong Growth in Q4 2018
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 2018 today, continuing a strong trend in new customer signings of 2018. In this quarter, AFG signed seven new credit unions. Six signed up for the AFG Balloon…
AFG announces lender and dealer award winners
LENDER AWARDS Top Performer AFG’s Holly Bentley presents the award to Kevin Quibell, The Summit FCU’s Indirect Lending Account Executive Most Improved AFG’s Dave Funderburk presents the award to Tammie Atoigue, Sound Credit Union’s Vice President of Consumer Lending Rookie of the Year AFG’s Holly Bentley presents the award to Nancy Sieller, Torrington Municipal &…
Auto Financial Group Maintains Strong Growth in Q3 2018
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 2018 today, continuing a strong trend in new customer signings of the past year. In this quarter, AFG has signed five new credit unions to the AFG Balloon…
AFG’s Tim Kelly featured in NAFCU podcast
AFG’s Tim Kelly featured in NAFCU podcast discussing the auto market and how to combat negative equity trends According to Experian Automotive, in Q1 2018 consumers chose residual-based financing for nearly 30% of all new vehicles financed. In 2019, as car prices and interest rates continue to rise, consumers will continue to seek flexible financing…
Helping Members Get Off the ‘Negative Equity Treadmill’
AFG’s Tim Kelly explores a few approaches to help borrowers who are upside-down on their loans in a CU Times Article It’s an all too common situation. A couple named Lisa and Roger own a vehicle that increasingly presents expensive mechanical issues, feels dated in terms of technology, and is too small and unreliable for…
Auto Financial Group Announces Strategic Growth into the Canadian Market
HOUSTON, August 9, 2018 – Auto Financial Group announced today that it completed the acquisition of Credit Union Leasing Administration of Canada Ltd. on August 1. CUL Administration of Canada provides a turnkey program to Canadian credit unions to enable them to participate in consumer and commercial automobile leasing. Peter Birks, President of CUL Administration…
Auto Financial Group Announces Strong Results for Q2 2018
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 Q2 2018 today, continuing a strong trend in new customer signings of the past year. In this quarter, AFG has signed eight new credit unions to the AFG Balloon…
Options available to lenders to address the impact of recent fed rate hikes
AFG’s Tim Kelly explores options available to lenders in a shifting auto lending landscape in a CU Journal Article Auto lenders face several interesting trends in 2018. On one hand, vehicle sales are expected to be robust with Cox Automotive projecting 39.5 million used vehicles to be sold up from 39.3 million and 16.7 million new vehicles…
Auto Financial Group Announces Strong Results for End of 2017 and Beginning of 2018
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 2017 and Q1 2018 today, continuing a strong trend in new customer signings of the past year. Since October 2017, AFG has signed eight new credit unions to…
Richard Epley featured in CEO Issue
Richard Epley, AFG’s CEO, has been featured in SubPrime Auto Finance News Annual CEO Issue. Digital EditionDownload PDF
2017 AFG User Conference Highlights
Ever wonder what the AFG User Conference is like? Hear all about it directly from attendees to last year’s event.
Auto Financial Group’s CEO reflects on its 18th Anniversary
In October, Auto Financial Group Celebrated 18 Years in business, serving financial institutions, dealerships and remarketing partners. Our CEO looks back and talks about the early days of AFG and how it’s grown over the years.
Auto Financial Group Announces Continuing Momentum in Q3 2017 Growth Figures
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced Q3 2017 growth figures today, revealing increasing momentum in new customer signings. AFG welcomes Credit Union of Texas as a new partner to our remarketing services. Credit Union of Texas is…
AFG at Auto Finance Summit
AFG’s Richard Epley and Lisa Primrose will be at booth #403 during Auto Finance Summit. If you’d like to learn more about residual based financing or vehicle remarketing, please stop by.
Auto Financial Group Celebrates Its 18th Anniversary
This month, Auto Financial Group Celebrates 18 Years in business, serving financial institutions, dealerships and remarketing partners. We would like to thank all of our customers for making AFG so successful. We couldn’t have done it without you!
Meet AFG at the CCUA 2017 Annual Meeting and Convention
Holly and John from AFG will be at booth #62 to answer your questions about residual based financing, so please stop by.
Auto Financial Group’s New Office
AFG officially moved into our new headquarters this week. Here are a few pictures of our new space. We definitely like the view!
AFG sponsors HawaiiUSA’s golf tournament
AFG sponsors HawaiiUSA’s golf tournament AFG proudly sponsored HawaiiUSA’s golf tournament where proceeds benefit Hawaii Schools and Educators.
Richard Epley quoted in CUES Magazine Article
CUES Magazine interviews Richard Epley for its feature “Turbo Charge Your Loans” Richard Epley was one of the auto finance experts interviewed for this August feature article in CUES Magazine. Read article
AFG @ the Directors and CEOs Leadership Convention, Raffle Winner
Thank you for stopping by the AFG booth at the Directors and CEOs Leadership Convention conference. We hope everyone enjoyed the conference and had a productive time. We are also happy to announce the winner of the AFG raffle. Congratulations to Ann Loftis from First Nebraska CU, who won a $100 gift card. Thank you for coming…
AFG @ the 40th Directors & CEOs Leadership Convention
Visit the AFG Booth (#301) at the 40th Directors & CEOs Leadership Convention AFG’s Lisa Primrose and Tim Kelly are waiting for you to stop by the AFG booth with your questions about residual based financing and vehicle remarketing. Let AFG show you how you can grow your loan portfolio and increase your yields.…
Auto Financial Group Announces Continuing Momentum in Q2 2017 Growth Figures
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced Q2 2017 growth figures today, revealing increasing momentum in new customer signings. Since April 2017, AFG has signed nine new credit unions to the AFG Balloon Lending Program including: Hartford Healthcare…
Announcing the Winner of AFG’s Prize Drawing at NAFCU
The Winner of AFG’s Prize Drawing at NAFCU’s Annual Conference Is… Thank you to everyone who stopped by the AFG booth. The winner of the prize drawing for a Bose Soundlink Speaker is Jeff Jorgensen, President at Sioux Empire FCU. Congratulations!
AFG @ NAFCU’S 50th Annual Conference
Visit the AFG Booth (#526) at NAFCU’S 50th Annual Conference AFG’s Dave Funderburk and Lisa Primrose are waiting for you to stop by the AFG booth with your questions about residual based financing and vehicle remarketing. Let AFG show you how you can grow your loan portfolio and increase your yields.
AFG @ CU Direct’s Lending Conference, Day 2
Visit the AFG Booth (#121) at CU Direct’s Lending Conference, DRIVE ’17 AFG’s Richard Epley and Tim Kelly are waiting for you to stop by the AFG booth with your questions about residual based financing and vehicle remarketing. Let AFG show you how you can grow your loan portfolio and increase your yields.
AFG @ CU Direct’s Lending Conference
Visit the AFG Booth (#121) at CU Direct’s Lending Conference, DRIVE ’17 The AFG team will be in attendance at the DRIVE ’17 conference. Please stop by our booth (#121) to learn more about our residual based financing programs as well as our vehicle remarketing services.
AFG Sponsors 9th Hole at Smart Financial Foundation Golf Tournament
AFG Sponsors the 9th Hole at the Smart Financial Foundation Scholarship 5th Annual Golf Tournament
Tim Kelly @ Southwest Lending Conference
Tim Kelly, President at Auto Financial Group, will be presenting at the Southwest Lending Conference Tim will cover recent trends in the auto financing market and how credit unions can turn to residual based financing to help drive growth in their loan portfolio. Please join Tim on Friday May 19, 9:00-10:15 am in the Capitol…
Auto Financial Group Announces Continuing Momentum in Q1 2017 Growth Figures
Houston, Texas – Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced Q1 2017 growth figures today, revealing increasing momentum in new customer signings. Since January 2017, AFG has signed four new credit unions to the AFG Balloon Lending Program: Torrington Municipal &…
ABECU’s success story with AFG balloon lending program
ABECU’s success story with AFG balloon lending program ABECU’s has been very successful with the AFG balloon lending program. Their story is featured this month on creditunions.com. Click through to read the full article.
Dave Pratt joins Auto Financial Group
Houston, Texas (March 22, 2017) – Auto Financial Group (AFG), an online provider of innovative financing products for credit unions and banks, announced today that Dave Pratt has joined their vehicle remarketing department as Remarketing Manager. In this new position, Pratt will oversee daily operations of the team. Pratt brings over 20 years of experience in…
AFG @ NCUCA
Thank you for stopping by the AFG booth at the NCUCA conference We hope everyone enjoyed the conference and had a productive time! We are also happy to announce the winner of the AFG raffle. Congratulations to Stan Kato, AVP with Weststar Credit Union, who won a Charge 3 Waterproof Wireless Speaker. Thank you for coming by…
Visit Auto Financial Group at the NCUCA Conference in Las Vegas
Auto Financial Group is a proud sponsor of the NCUCA conference Stop by Auto Financial Group’s table (#27) during the NCUCA conference (March 15-17) and find out how AFG offers true turnkey remarketing solutions that fit your business plan. You can also enter for your chance to win a JBL portable bluetooth speaker at the…
The AFG team wraps up another great year at GAC!
The AFG team had a great run at GAC 2017. Thanks to all attendees who stopped by our booth and we hope to see you again next year.
We are ready! Come visit us at GAC 2017
We are ready! Come visit Auto Financial Group at GAC 2017, booth #571.
Visit AFG’s booth (#571) at GAC 2017 to learn more about residual based financing
Visit AFG’s booth (#571) at GAC 2017 to learn more about residual based financing In 2016 residual based financing (balloon loans and leases) for new and used vehicles hit record highs. In 2017 as car prices and interest rates continue to rise residual based financing is poised to move even higher. AFG’s residual based financing…
AFG featured in Auto Finance News Subprime
AFG was featured in Auto Finance News Subprime. Read article
Auto Financial Group Announces Continuing Momentum in Fall 2016 Growth Figures
Houston, Texas – Auto Financial Group (AFG), a leading provider of innovative financing products for credit unions and banks, announced Fall 2016 growth figures today, revealing increasing momentum in new customer signings with AFG’s Balloon Lending program. Since September 2016, AFG has signed seven new credit unions to their Balloon Lending program, resulting in a…