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Aimbridge Attends Maryland Credit Union League's Annual Meeting and Convention; Indirect Auto Lender Shows Continued Dedication to Maryland/Virginia Market.


DENVER -- Aimbridge Indirect Lending, a subsidiary financing channel that connects credit unions with an automotive dealer network to provide members and potential members with automobile loans and leases, announced that it will attend the Maryland Credit Union League's (MDCUL) Annual Meeting and Convention on June 22-25, 2005 in Ocean City, MD. Aimbridge, in partnership with the Credit Union Auto Lending Network (CUALN CUALN Credit Union Auto Loan Network (Englewood, CO) ), entered the Maryland, Washington D.C. and Virginia auto market in February of this year.

"Aimbridge is committed to addressing the needs of the credit unions in the Maryland market," said Ann Schmitt, COO (Cell Of Origin) See mobile positioning.  of Aimbridge. "We cannot address those needs without taking every opportunity to get in front of the credit union executives in that market and asking them important questions. Our partnership with CUALN gives us great insight to the market and exhibiting with them at this show is a natural next step to really galvanizing galvanizing, process of coating a metal, usually iron or steel, with a protective covering of zinc. Galvanized iron is prepared either by dipping iron, from which rust has been removed by the action of sulfuric acid, into molten zinc so that a thin layer of the zinc  our efforts in the area."

In an effort to offer Maryland-based credit unions better options and strategies for indirect auto lending programs, the pair plans to provide information on its indirect lending program as well as query credit union executives at the show about market deficiencies. The two organizations see their role at the show as helping define goals for offering the market focused and flexible technology designed to meet the needs of credit unions, dealers and members.

Aimbridge will also showcase its PowerBridge(R) technology offering. Introduced earlier this year, PowerBridge is a technology application that directly links a borrower's lending data with credit union core processing systems. PowerBridge transfers loan data in real time, packages it electronically and submits to the core processing system, thereby eliminating manual re-keying to reduce time, costs and human error. The tool also provides credit unions with member verification. When dealers send loan applications to credit unions, borrower information is automatically verified ver·i·fy  
tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies
1. To prove the truth of by presentation of evidence or testimony; substantiate.

2.
 against the credit union's core system's database. From the database, credit unions receive useful borrower information, such as member status and loan and credit history, allowing them to make more informed decisions.

"PowerBridge is just one of the incredible technology tools Aimbridge leverages to help credit unions have successful indirect lending programs," said Ann Schmitt, COO of Aimbridge. "Aimbridge spent more than three and a half years developing PowerBridge in order to provide all indirect lending players a more automated au·to·mate  
v. au·to·mat·ed, au·to·mat·ing, au·to·mates

v.tr.
1. To convert to automatic operation: automate a factory.

2.
 and sophisticated workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle.  solution. Those are the benefits we bring to the Maryland market, as well as all of our partner credit unions throughout the nation."

MDCUL is a professional trade association representing Maryland's state-, community-, and federally-chartered credit unions. It is a network of more than 100 Maryland credit unions and provides information on issues impacting credit unions at a local level. Aimbridge and CUALN will exhibit at booth #26.

About Aimbridge

Founded in 1984, Aimbridge markets financial products, such as auto loans, mortgages and insurance products through partnerships with credit unions. The company helps its partners attract members and deepen deep·en  
tr. & intr.v. deep·ened, deep·en·ing, deep·ens
To make or become deep or deeper.


deepen
Verb

to make or become deeper or more intense

Verb 1.
 their relationships by providing members with more reasons to do business with their credit unions.

Aimbridge Lending is comprised of four divisions, including Aimbridge Indirect Lending, Aimbridge Home Loans, 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.
 and Aimbridge Disposition Services. The company is headquartered in Denver 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, visit www.aimbridge.com.

Editor's note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat.

Trained by D.
: For more information about MDCUL, please visit www.mdcul.org or call 410.290.6858.
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Publication:Business Wire
Geographic Code:1USA
Date:Jun 23, 2005
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