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Aimbridge Indirect Lending Credit Union Auto Lending Network; Maryland, D.C. and Virginia Auto Lending CUSO Taps Aimbridge for Member Network.


DENVER -- Aimbridge Indirect Lending announced that Credit Union Auto Lending Network (CUALN CUALN Credit Union Auto Loan Network (Englewood, CO) ), will partner with Aimbridge Indirect Lending to offer indirect auto lending services in Maryland, Washington D.C., and Virginia. CUALN is co-owned by 30 credit unions in the two-state and District area. Aimbridge Indirect Lending connects credit unions with automotive dealer networks to provide members and potential members automobile loans.

"This partnership will optimize and streamline the way we do business with dealers and give us a real competitive advantage in this market," said CUALN chairman, Martin Breland, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Tower Federal Credit Union. "Aimbridge's technology is terrific, and the practicality and intelligence of their approach to process automation made them the clear choice. Dealers need instant turnaround on decisions, and our credit unions need highly efficient and effective processes to compete. Aimbridge has also been a pleasure to work with - very professional, and thoroughly service oriented o·ri·ent  
n.
1. Orient The countries of Asia, especially of eastern Asia.

2.
a. The luster characteristic of a pearl of high quality.

b. A pearl having exceptional luster.

3.
."

CUALN currently has relationships with more than 300 dealers. The market area generates on average $1.1 billion monthly in auto loans. Because Aimbridge maintains the dealer relationship for its customers, outsourcing to Aimbridge enables the CUSO CUSO Credit Union Service Organization
CUSO Canadian University Services Overseas
CUSO Canadian University Services Organization
CUSO Carson United Soccer Organization
 and its affiliate credit unions to focus on other areas of importance. For CUALN, Aimbridge will triple the human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees.  currently devoted to selling and serving the dealer network.

"Aimbridge exhibited an incredible amount of flexibility," Rod Staatz, CUALN treasurer and president and CEO of SECU SECU State Employees Credit Union of Maryland
SECU Security Financial Group, Inc.
SECU Saginaw Eaton Credit Union (Saginaw, Michigan)
SECU Standard Electronic Control Unit
 Credit Union said. "Our credit unions handle some aspects of pricing differently, and Aimbridge offered unilateral high service while allowing the credit unions to maintain a certain degree of autonomy. We aren't a one size fits all organization; Aimbridge understands that. They offered us tools to better manage and monitor the business. The Aimbridge plan helps us address our most pressing long-term goals Long-term goals

Financial goals expected to be accomplished in five years or longer.
 and concerns for our lending portfolios, not the least of which are credit quality, higher service levels and growth."

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 Florida, Texas, Missouri, Ohio, Colorado and Michigan markets.

"As Aimbridge grows, so does our commitment to the hundreds of credit unions we serve across the nation," said Ann Schmitt, COO of Aimbridge. "Our track record for dealer relationships, technology and service is the cornerstone of how we do business. We are proud to have CUALN recognize that and trust Aimbridge to power its indirect lending operations. We look forward to a long and successful relationship."

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 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.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 28, 2005
Words:506
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