Press releases

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 Federal Credit Union, Tarrant County’s Credit Union, and Texhillco School Employees Federal Credit Union. These five credit unions represent combined assets of $480 million and…

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 Credit Union. These four credit unions represent combined assets of $388 million and a reach increase of over 2 million consumers across four states. “For…

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 Credit Union, Healthcare Systems Federal Credit Union, Mountain Laurel Federal Credit Union, Olean Area Federal Credit Union, Prestige Community Credit Union, Rock Valley Credit Union,…

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 and member data to be pushed directly from CU*BASE, the CUSO’s core processing platform, to the AFG calculator and then back to update the balloon…

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 workflows. With this integration, AFG’s Balloon Lending Program will be even easier to implement for financial institutions using MeridianLink’s loan origination system (LOS). The loan…

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 Union, Northern Credit Union and Centricity Credit Union. These four credit unions represent combined assets of over $1.6 billion and a reach increase of 6.8…

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 Union, P1FCU, Sikorsky Financial Credit Union, Inc., MyCredit Union, Vibe Credit Union, and Clearpath Federal Credit Union. These seven credit unions represent combined assets of…

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 Union, and Riverfront Federal Credit Union. These three credit unions represent combined assets of nearly $800 million and a reach increase of nearly 1 million…