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Article: Auto Financial Group Signs with United Federal Credit Union.
- Article from:
- Investment Weekly News
- Article date:
- October 17, 2009
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Auto Financial Group (AFG), an online provider of residual-based financing products for credit unions, announced that it has signed an agreement with United Federal Credit Union (UFCU). Under the agreement, UFCU will offer AFG's DrivingSense as an indirect lending option.
DrivingSense is an auto financing product that offers the lease-like benefits of a balloon loan to credit unions and their members. It allows credit unions to "build" a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40% lower), flexible two- to six-year terms, actual ownership of the vehicle and several ...