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AutoBranchThere’s no exact count but when it comes to used car lots, AutoBranch may be one of the very few owned by a credit union.

The $414 million City County Credit Union in Margate, Fla., launched the business in 2004 and today, the lot (pictured at left) sells 40 to 50 cars a month, according to Lloyd Gill, president/CEO of the cooperative. In 2013, 489 cars were sold compared to 404 in the lot’s first year.

Drive down busy S. Federal Highway in Fort Lauderdale, Fla., and AutoBranch will stand out because it doesn’t resemble the typical used car lot with a “Buy Here, Pay Here” banner flapping in the breeze. The location was formerly a new car dealership and the building looks clean and inviting and the lot is orderly.

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