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CHATSWORTH, Calif. — An unprecedented collaboration between two of the industry’s widely recognized auto buying services and a CUSO has created the first credit union automobile dealership with a national reach.

Autoland, one of the nation’s oldest credit union-exclusive auto buying services, was acquired on March 2 by CU Vehicles, LLC, a wholly-owned CUSO of $608 million Telesis Community Credit Union. The acquisition comes on the heels of Telesis becoming the sole equity owner of AutoSeekers, a national credit union-owned and operated automotive dealership, in January. Prior to that purchase, Telesis shared equity interest with $132 million California Bear Credit Union in Los Angeles.

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