HAUPPAUGE, NY, (August 12, 2014) -- GrooveCar Direct (www.groovecarinc.com), the leading industry provider of online auto buying resource for credit unions, today announced a partnership with two credit unions– Paramus, NJ-based Greater Alliance FCU (www.greateralliance.org) and Dutch Point CU of Wethersfield, CT (www.dutchpoint.org) -- fueling its growth nationwide.
Greater Alliance vice president-lending Johana Gomera stated, “Greater Alliance has experienced rapid membership growth and by adding the GrooveCar program, we are able to deliver more value to our members while serving our mission to deliver high quality financial services and an efficient delivery system. GrooveCar’s inventory coupled with our branding and auto product offerings serve our members best interests while growing our loan portfolio from within.”
“Our product is unique in that it focuses upon growth from within the credit union’s membership,” added Robert O’Hara, GrooveCar vice president of strategic alliances. “The credit union is able to serve the best interest of its members, while accomplishing a number of goals, notably capturing incremental loan volume, improving their products-per-member ratio, strengthening their ROI while earning additional non-interest income and much more.”
Greater Alliance FCU has a membership of 18,525 with assets exceeding $163 million.
Dutch Point CU serves a membership of 21,178 with assets exceeding $239 million.
About GrooveCar
Founded in 1999, the privately held GrooveCar provides a comprehensive array of automobile and automotive services and products – shopping, buying, leasing, financing, ownership – for credit unions and credit union members, as well as access to motorcycles, recreational vehicles and boats. Additional information may be found at www.groovecarinc.com.
About GrooveCar Direct
GrooveCar Direct was created expressly to enable credit unions to develop a revenue generating stream and enhance their ability to secure auto loans. The custom program assists credit unions in realizing quality auto loans through direct and indirect avenues while strengthening member relationships and boosting financial stability. Additional information may be found at http://www.groovecarinc.com/GrooveCar-Direct