Credit Union Loan Source outstandings surpass $2 billion

ALPHARETTA, GA (March 1, 2021) — In December 2020, Credit Union Loan Source (CULS) reached another milestone as loans outstanding surpassed $2 billion. Originations from 2015 to 2020 grew by 95% to $1.16B.  The finance company, headquartered in Alpharetta, Georgia, has experienced rapid growth over the past 5 years expanding its portfolio by more than 75%.

Bill Moniz, President and CEO, joined the organization in January 2016 during the auto boom following the Great Recession. Under his leadership the company has experienced steady growth, but “during the pandemic, we found ourselves well-positioned with a proven business model to expand our originations as others withdrew from the marketplace,” Moniz says. 

During 2020, CULS grew its dealer network from eight states including Georgia, Alabama, Florida, Oklahoma, Tennessee, North Carolina, South Carolina, and Illinois to 16 states. The company now also originates in Virginia, Indiana, Kentucky, Ohio, Wisconsin, Kansas, Missouri, and Minnesota. Moniz projects continued success in 2021. “As the demand for auto loans grows, so will we.”

About CU Loan Source

CU Loan Source (CULS) offers a monthly loan participation subscription program providing CUs the chance to increase revenue by taking advantage of the indirect auto loan pipeline originated through a network of franchise dealers across sixteen states. Loans are underwritten to uniform credit guidelines for prime loans and are designed to maximize net yields while maintaining acceptable levels of credit risk and loss performance. CULS provides an easy solution to credit unions with liquidity and/or difficulty generating loan volume.


Kevin J. Usiatynski
EVP / Chief Strategy Officer
CU Loan Source

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