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RANCHO CUCAMONGA, Calif. – Security Service FCU, the largest indirect lending credit union in the country, has gone live with CU Direct’s indirect lending platform DecisionApp. SSFCU, with $3.5 billion in assets and 550,000 members, is the eleventh largest CU in the U.S. It averages more than $100 million in auto loans per month in Texas and Colorado through its indirect lending channel. SSFCU’s 5300 call report shows the credit union had 79,302 new car loans outstanding in its portfolio as of September 2004 worth $1,473.7 billion, and 79,793 used-car loans outstanding worth $939 million. Prior to joining CU Direct’s indirect lending network, the San Antonio, Texas-based SSFCU faxed transactions to dealers. By joining CU Direct, SSFCU VP of Lending Charles Goss said the credit union’s dealer network “is now Web-enabled with a portal that we own, streamlining dealers’ ability to submit our members’ loan applications at their offices.”

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