<p>PLYMOUTH, Mich. – The Michigan Credit Union League has signed a marketing agreement with Centrix Financial LLC, Englewood, Colo. that enables the league to market non-prime and sub-prime auto loans to the CU members throughout the state who have impaired credit histories. Through the agreement, the league will promote the CentrixT Portfolio Management program to the league's 425 affiliated credit unions. The program includes securitization on a loan-by-loan basis and a pool of funding capital from a network of participating financial institutions, thereby minimizing the costs and risk traditionally associated with these types of loans. The Centrix PMP portfolio currently includes 14,655 loans, with more than $222 million in total underwritten loans. Centrix PMP will help credit unions better meet the needs of a member niche that may have been underserved in the past, said MCUL President/CEO David Adams.</p>
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