Auto Financial Group expands client base outside Texas

<p>AUSTIN, Texas – Auto Financial Group, an online provider of residual-based financing products for credit unions, has expanded its client base beyond the Texas border. FAA Employees CU in Oklahoma City, is offering its more than 30,000 members Auto Financial Group’s solution to auto financing. Through its new partnership with Auto Financial Group, FAA Employees CU will have access to the company’s Web-based program, Driving SenseT that provides the credit union with electronic loan documents in a secure online environment. Credit union staff will be able to build a vehicle for a member and illustrate the difference in payments between conventional financing and Auto Financial Group’s balloon and lease options. Auto Financial Group’s residual-based financing products remove the financial risk to the credit union by guaranteeing the predetermined residual value of the vehicle through third party insurance.</p>