TechSolutions4CUs
This is the official Finopotamus podcast. It focuses on credit unions and how they have leveraged technology to solve problems, enhance the member experience and drive growth. TechSolutions4CUs features working credit union technologists, as well as industry experts from around the globe.
TechSolutions4CUs
Boost Your Auto Lending with Residual-Based Balloon Loans, Featuring AFG's Tim Kelly
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With Finopotamus Co-Founder John San Filippo
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Season 2
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Episode 12
If your credit union makes auto loans, do you offer a fully insured, residual-based, walk-away balloon loan? Do you even know what a fully insured, residual-based, walk-away balloon loan is? If you answered no to either question, this episode of TechSolutions4CUs is for you. In this episode, Auto Financial Group's President Tim Kelly explains:
- Why these loans offer your members the lowest possible payments of any financing product, including leasing.
- How these loans can be used for both new and used auto financing.
- How these loans can be used for both direct and indirect lending.
- How these loans can even be used to refinance a delinquent loan down to a lower payment.
- Why AFG technology eliminates all the risk for your credit union.
CEOs, CFOs and CLOs, don't miss this episode.
