Credit Union Loan Source (CULS) is an Atlanta-based CUSO, that provides indirect auto loan participations, for state-chartered credit unions.
This 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. Check out their latest product sheet for details.