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Aimbridge Announces Renewed Partnership with Bay Pines Federal Credit Union; Bay Pines Federal Credit Union Recognizes That Partnership with Aimbridge Drives Loan Volume from Dealerships.


ENGLEWOOD, Colo. -- Aimbridge(R) Indirect Lending announced that Bay Pines Federal Credit Union will renew their partnership with Aimbridge to offer indirect auto lending services in the Tampa area. Aimbridge Indirect Lending connects credit unions with automotive dealer networks to provide automobile loans. Bay Pines Federal Credit Union is committed to serving the financial needs of its members efficiently, competitively, and conveniently.

Aimbridge provides the infrastructure to afford a strong competitive advantage to credit unions in the auto loan market. With the Aimbridge approach, much of the hassle that comes with indirect lending is eliminated, and credit unions have access to dedicated indirect expertise.

"We very much appreciate the ongoing business relationship we have with Bay Pines Federal Credit Union, and we want to be the company that credit unions turn to for innovative lending solutions," said Sharon Unger, vice president of sales and marketing for Aimbridge. "We can assure our credit union partners that the loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 process is seamless to members and future members."

Aimbridge technology supports the objectives at Bay Pines, facilitates easy loan handling and produces reports and analysis on originations. The program is flexible and allows management to be able to respond to changes. The intelligence behind Aimbridge's platform influenced the decision of Bill Clendaniel, vice president of lending with Bay Pines to select Aimbridge as their technology provider.

Bay Pines is strategically positioned to respond to their members during non-traditional business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a  with Aimbridge's CDS, Credit Desk Support program. Aimbridge CDS is designed to provide indirect lending underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
 assistance to credit unions while maintaining credit consistency and decision turn-times. Aimbridge applies specific credit criteria at the direction of the credit union to all authorized au·thor·ize  
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction:
 loan applications ... during business hours, after business hours, on weekends or on holidays. Hours are customized to the needs of the credit union.

Aimbridge's indirect lending program is web based Coming from a Web server. See Web application.  and tailored to meet the individual needs of each credit union and dealer. Aimbridge has already successfully reached into the Colorado, Florida, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Texas and Virginia markets.

Bay Pines Federal Credit Union is a competitive and sound financial cooperative for their members. They maintain the financial stability that is necessary in today's environment through planned growth and improved technology. While providing their members with personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. , they also promote financial education and foster goodwill in the community. Bay Pines Federal Credit Union promotes and supports the principles of the Credit Union Movement.

Founded in 1994, Aimbridge markets auto loans and insurance products through partnerships with financial institutions and auto dealerships. Aimbridge Lending is comprised of two divisions; Aimbridge Indirect Lending and Aimbridge Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
. The company is headquartered in Englewood, Colorado Englewood is a city in Arapahoe County, Colorado, USA. As of 2005, the city is estimated to have a total population of 32,350.[5] It is part of the Denver-Aurora Metropolitan Area. , and has remote offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For additional information please visit www.aimbridge.com
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Publication:Business Wire
Date:Aug 22, 2006
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