Members of Space City Credit Union will have another means tobuy and sell their vehicles thanks to a new marketplace.

The $64 million credit union in Houston, said it will launch itsMembers Private Sale 2.0 Friday.

The free channel furnishes a guaranteed offer for sellersthrough a third-party partner that provides members with an optionto sell their car quickly at a fair price, according to SpaceCity.

Members will also have access to a vehicle listing with a freeAuto Check report, Kelly Bluebook data, showcase photos, conditionreport and social media integration for sales optimization.

The MPS is a “software as a service” product designed as a leadgeneration system to provide credit unions with increased directauto loan volume, leases and ancillary products such asextended warranties, GAP insurance and credit life and disabilityinsurance for credit unions, according to the company.

As an early adopter of MPS, Space City has been instrumental inproviding feedback for product enhancements through the betarelease to help make MPS 2.0 a valuable tool for both credit unionsand their members, MPS said.

“We've been excited about the opportunities this tool offers forboth the credit union and our members,” said Craig Rohden,president/CEO of Space City. “Ultimately, this is a terrificlead-gen tool for our loan officers, and provides us with anopportunity to engage our members directly.”

He added, “The social media integration provides us with adialog and relevant content to drive member-to-member engagementthat was missing before. We look forward to the launch and thepositive response from both our members and our bottom line.”

Members Private Sale CEO Steven Keys said plans are in place toroll out MPS 2.0 to credit unions in the greater Texas region in2014 and gradually expand nationally based on market response.