Through a new agreement with a loan processing provider, Interra Credit Union has opened the door for future growth in north-central Indiana.
That’s according to CRIF Select, a division of the Atlanta-based CRIF Lending Solutions, which provides loan and account origination, business process outsourcing, credit decisioning, data access and analytics solutions to more than 650 banks, credit unions, finance companies, retailers and credit card processors.
The $665 million Interra in Goshen, Ind., had operated its own indirect auto loan program for several years and had built a strong reputation within the local communities, CRIF Select said.
The new partnership aims to expand even more by allowing Interra to refocus its resources on program growth instead of operations and maximize its footprint in the auto lending market, according to CRIF Select.
In 2012, the Pennsylvania Credit Union Association announced a partnership with CRIF Lending Solutions to bring merchant lending to the state’s credit unions.