Auto Financial Group Partners with GTE Federal Credit Union; GTE FCU to Offer AFG's Driving Sense(TM) Balloon Product.HOUSTON Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; -- Auto Financial Group (AFG AFG Afghanistan (international vehicle registration) AFG American Financial Group AFG Assistance to Firefighters Grant AFG Arbeitsförderungsgesetz (German: Labor Advancement Law) AFG Accreditation for Growth ), an online provider of residual-based financing products for credit unions, announced today that it has signed an agreement with GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) Federal Credit Union (GTE FCU FCU Federal Credit Union FCU Florida Credit Union FCU Fan Coil Unit FCU Fuel Control Unit FCU Flight Control Unit FCU Flexor Carpi Ulnaris FCU Familial Cold Urticaria FCU Fire Control Unit FCU Fused Connection Unit FCU Flow Control Unit ). Under the agreement, GTE FCU will offer AFG's Driving Sense(TM) vehicle balloon balloon, lighter-than-air craft without a propulsion system, lifted by inflation of one or more containers with a gas lighter than air or with heated air. During flight, altitude may be gained by discarding ballast (e.g. financing product to their members. Driving Sense(TM) is an easy-to-use, web-based program that allows credit unions to substantially improve their vehicle loan product offerings. By guaranteeing the predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: residual value Residual value Usually refers to the value of a lessor's property at the time the lease expires. residual value The price at which a fixed asset is expected to be sold at the end of its useful life. of a vehicle through third party insurance, AFG removes the financial risk of an auto loan to the credit union and empowers the credit union to compete with traditional loans and conventional leases. Driving Sense(TM) offers credit unions, like GTE FCU, the ability to capture loans that dealers previously satisfied using auto manufacturer or bank supported leasing/balloon financing. Under the agreement, GTE FCU will offer AFG's Driving Sense(TM) program at the member's point of sale - the dealership finance department. Together, GTE FCU and AFG will increase the financing options that are available to GTE FCU's dealer partners. Credit unions benefit by receiving guaranteed predetermined residual values and third party insured, automatically generated loan documents, and no end-of-term hassles because AFG handles disposition of the vehicle. Credit union members also benefit, with new and used vehicles qualifying for the program, no or low down payments, lower monthly payments, flexible terms and mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business. 2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his plans, actual ownership of vehicle, and end-of-term options. "Our partnership with GTE FCU is an exciting development," says Richard Epley, President of Auto Financial Group. "They are one of the oldest and most respected credit unions in the country, and we look forward to working with them to make Driving Sense(TM) available to their credit union members who are applying for vehicle financing." "We are pleased to be offering this service to our members," says Neil Timson, Senior Vice President of Lending for GTE. "We selected AFG after careful consideration, deciding that they could offer the best product and service to our members. We look forward to an excellent partnership with them." Under the agreement, GTE FCU will offer Driving Sense(TM) to its branches in the greater Tampa Bay Tampa Bay, inlet of the Gulf of Mexico, 25 mi (40 km) long and 7 to 12 mi (11.3–19 km) wide, W Fla., separated from the Gulf by numerous small islands; it receives the Hillsborough River. St. , Florida area. About Auto Financial Group, Inc. Auto Financial Group, Inc. is a Houston-based company that provides Driving Sense(TM), an online residual based auto financing product for credit unions and other financial institutions. With Driving Sense(TM), credit unions can "build" a vehicle for their members, compare payment terms with conventional loans, and offer their members lower payments (often as much as 40 percent lower), flexible two- to six-year terms, actual ownership of the vehicle and several end-of-term options. Auto Financial Group removes the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance, as well as handling the vehicle's disposition. Auto Financial Group is paid one low administration fee for each Driving Sense(TM) loan, while the credit union earns all the interest. For more information, visit www.autofinancialgroup.com. About GTE Federal Credit Union Founded in 1935, GTE Federal Credit Union is a financially strong and stable credit union with over $2.1 billion in assets. As one of the largest locally owned and operated financial institutions in the greater Tampa Bay area, GTE FCU offers a full range of 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. through its 38 branches and electronic delivery channels. |
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