CU Xpress Lease Inc. said it has signed IC FCU as its firstenrollee in the Bay State.

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The $500 million IC FCU in Fitchburg, Mass. serves more than22,000 members. Founded in 1928 as the Immaculate Conception CreditUnion, it is one of the nation's oldest cooperatives.

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“We are quite excited to expand the CU Xpress lease program intothe New England region, which is a leasing marketing that reacheshigh penetration levels,” said Frank Rinaudo, CU Xpress Leasesenior vice president.

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Launched in 2007, CU Xpress Lease is a joint venture of GrooveCar Inc. inHauppauge, N.Y. and Fusion Auto Finance LLC in Hurst, Texas.

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