Press
AFG’s Balloon Lending program drives successful residual-based financing for Missouri Credit Union
HOUSTON, TX (February 18, 2015) — With $1.5 billion in assets, American Eagle Credit Union (AECU), a division of Anheuser-Busch Employees’ Credit Union, has 14 branches in the St. Louis, Missouri metro area with 16 additional locations nationwide. Faced with a need to increase its loan portfolio, the credit union reached out to Auto Financial Group (AFG).
The ten-year relationship with AECU and AFG hasn’t disappointed. With AFG Balloon Lending, AECU customers are getting the cars they want with affordable monthly payments and a multitude of electives throughout the contract. This option is attractive for customers who want to avoid any initial cash outlay, enjoy lower monthly payments and retain title of the vehicle.
AFG, in tandem with AECU, leverages the knowledge and experience needed to gain the loyalty of today’s savvy customer. With face-to-face training, web conferencing options and on-site meetings with dealers, AFG continues to redefine residual-based financing.
To read the full case study on AFG & AECU’s long successful standing partnership visit http://www.autofinancialgroup.com/pdfs/ABECU-Case-Study.pdf
About AFG
Auto Financial Group, (AFG), a Houston-based company, provides online residual based vehicle financing products, and vehicle remarketing to financial institutions across the United States. The vehicle financing program provides the lease-like advantages of low payments, flexible terms, actual ownership of the vehicle and several end-of-term options, including the option of being able to surrender the vehicle and walk away in lieu of paying the final loan payment. The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return by matching assets to the selling network with the largest population of buyers. For more information about AFG’s vehicle financing or vehicle remarketing programs please call Richard Epley or Stacy Freeman at 713-812-3333 or toll free at 877-354-4234, or visit www.autofinancialgroup.com.