NSC Taps Auto Financial Group as Preferred Partner

WASHINGTON – Houston-based Auto Financial Group has joined the list of 22 companies NAFCU Services Corp. considers preferred partners to its member credit unions throughout the U.S. NSC chose AFG as its Preferred Partner for auto balloon note financing for credit unions. AFG’s Balloon Note Financing Program is an alternative vehicle financing option that combines features of a traditional loan with those of a traditional lease. The loan is based on the depreciation of the vehicle with a final balloon at the end of the term when the vehicle can be refinanced, paid off, traded in, or returned to AFG. NSC President/CEO Keith Nolan said, “In a rising interest rate market coupled with a highly competitive vehicle financing market, the need for competing alternatives is becoming more critical for credit unions as borrowers have many creative financing programs available.The auto balloon note financing solutions available through AFG allows credit unions to offer the most competitive financing solutions in the industry today.” A wholly-owned subsidiary of NAFCU, NSC’s Preferred Partner Program offers about 30 products and services to member CUs.