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Welcoming New Endorsed Vendor Credit Union Loan Source

Credit Union Loan Source
Jul 28, 2020
By Credit Union Loan Source
  • System Vendor
We are excited to announce a partnership between Credit Union Loan Source (CULS) and W.C.U.L. Services Corp. CULS, an Atlanta-based CUSO, to provide indirect auto loan participations for state-chartered credit unions.

The CULS program offers a monthly flow of high yielding, high quality indirect auto loan pools. Loans are underwritten to uniform credit guidelines for prime loans (640 FICO and above) and are designed to maximize net yields while maintaining acceptable levels of credit risk and loss performance. CULS handles the entire loan cycle from origination, servicing, and collections.

There’s no initial investment and a low barrier to entry, providing a scalable solution for credit unions of all sizes. This is a great opportunity for credit unions to supplement their loan portfolios and boost income.

About The Author

CU Loan Source is a full-service originator of prime indirect auto loans for credit union participants.