Auto Lease Firm Signs First Massachusetts CU
CU Xpress Lease Inc. said it has signed IC FCU as its first enrollee in the Bay State.
The $500 million IC FCU in Fitchburg, Mass. serves more than 22,000 members. Founded in 1928 as the Immaculate Conception Credit Union, it is one of the nation’s oldest cooperatives.
“We are quite excited to expand the CU Xpress lease program into the New England region, which is a leasing marketing that reaches high penetration levels,” said Frank Rinaudo, CU Xpress Lease senior vice president.
Launched in 2007, CU Xpress Lease is a joint venture of GrooveCar Inc. in Hauppauge, N.Y. and Fusion Auto Finance LLC in Hurst, Texas.