NAFCU Services Selects MoneyAisle.com as a Partner to Increase Auto Loan Production at Credit Unions
WASHINGTON – NAFCU Services Corporation today announced its selection of MoneyAisle.com, an Allied Solutions partner, as a recommended solution to help increase auto loan production for credit unions. Allied Solutions is a NAFCU Services’ Preferred Partner.
MoneyAisle.com runs live reverse auctions between consumers and financial institutions for consumer auto loans, auto refinancing and deposit products. Consumers receive competitive car loan rates with one-stop shopping, while credit unions get inexpensive access to new members with precision control on the amounts, credit quality, loan characteristics and geographic location.
Launched in June 2008, MoneyAisle.com recently signed its 150th credit union to its nationwide network.
“It is extremely easy for credit unions to join the MoneyAisle.com network,” said Kelly Latham, director of marketing at NAFCU Services. “After setting a few parameters online, credit unions have access to new member prospects that they may not have otherwise reached, and at no additional expense.”
Consumers are saving an average of $1,418 annually on auto loan refinancing through MoneyAisle. “MoneyAisle.com is committed to helping consumers win,” says Bob Watterson, VP of sales at MoneyAisle.com. “At the same time, we are able to offer credit unions an innovative platform that enables them to have proactive risk monitoring and complete control on their auto loan acquisitions.”
“This is a very creative solution to help small and midsize institutions compete to get more car loans,” said Pete Hilger, executive vice president of Allied Solutions. “It’s clearly a cutting edge service that we believe will grow significantly.”
MoneyAisle.com will waive the setup fee for NAFCU members, so there is no risk to try the service.
A complimentary demo webinar is scheduled for January 26, 2-3 p.m. EST. Credit unions may register at www.nafcu.org/allied.
About Allied Solutions
Allied Solutions is a leading insurance and financial services organization that has been working with financial institutions for more than 30 years, and is the NAFCU Services Corporation Preferred Partner for Money Aisle, CPI, Bond, MBP, GAP, and Overdraft Protection. Allied Solutions has relationships with more than 5,000 financial institutions across the country. Allied provides innovative, value-added products and services that give clients a competitive advantage and support them with a level of service that is truly unsurpassed. Learn more today at www.alliedsolutions.net.
MoneyAisle is the next-generation e-commerce auction marketplace that provides consumers with great rates on auto refinancing, auto loans, CDs, and high-yield savings accounts while helping financial institutions rapidly attract new customers. This patented technology creates a safe, transparent platform for consumers to secure great deals on financial services and products while allowing credit unions unparalleled control and less expensive acquisition costs of new members. Learn more at www.moneyaisle.com.
About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry’s leading solutions providers to offer value-added products and services at a discount to credit unions. Currently, it offers 28 Preferred Partner programs to the credit union community and maintains the credit union locator website CULookup.com. For more information about NAFCU Services Corporation, please visit www.nafcu.org/nafcuservices.