How American 1 Is Boosting Auto Lending By Catering To First-Time Buyers

Virtual
Date

April 25, 2024

Time

02:00 PM - 03:00 PM EST

Location
Host

Callahan & Associates

Phone
Details

It’s a tough time to be shopping for a car, especially for those with little or no credit history. Between high interest rates and higher car prices, consumers are feeling the pinch, but they still need reliable transportation. That’s where a new program at American 1 Credit Union ($590M, Jackson, MI) comes in. The credit union’s first-time auto buyer program helps drivers purchase a car while at the same time building a bit of financial security.

During this webinar, Carolyn Duncan, American 1’s chief member experience officer, and lending manager Chris Zegarlowicz will share best practices and lessons learned from the cooperative’s first-time auto buyer program.

Webinar attendees will learn:

-Why the credit union created a program to serve “no score” applicants
-How an uncomplicated application process allows non-members to qualify for the program too
-Results to date and lessons learned along the way

Read more – https://creditunions.com/features/give-first-time-auto-buyers-some-credit/

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