The $18 billion Pentagon Federal Credit Union in Alexandria,Va., has joined auto underwriter Open Lending as a client.

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The firm underwrites auto loans to credit union members whosecredit scores might not be strong enough to have obtained loans ontheir own.

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PenFed will join more than 200 other credit unions currentlyusing the Open Lending Lenders Protection platform, according toJohn Flynn, president/CEO of Open Lending in Austin, Texas.

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“Our partnership with Open Lending is a win-win in the truesense, as more people will become eligible to take advantage of thewonderful product suite we offer,” Fred Rubin, PenFed's chiefcredit officer, said. “Our relationship with Open Lending willenable us to really apply analytics and science to bring ourmarket-leading products to more of our members.”

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Open Lending said it has underwritten more than $2 billion inauto loans since 2004.

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