Invest in America Marketing Materials
CULACULA is the nation’s largest provider of new and used indirect auto leasing services to credit unions. CULA has partnered with Invest in America to provide turnkey leasing solutions to credit unions.
• Provides forms and documents that comply with Federal, State and NCUA requirements
• Provide accounting and remittance for Federal and State income tax
• Provide necessary insurance coverage (GAP, residual, contingent liability, contingent physical damage, garage, etc.)
• Provide training for credit union staff and dealerships
• Provide all vehicle re-marketing services including contacting and educating members on options, vehicle inspections and sales
• Third party vendor management with ALG, insurance companies, vehicle inspection services, auctions, lease tracking services, etc.
• 65,488 total leases – 7 complete lease cycles
• 52,088 leases with NO RESIDUAL loss
• CULA cash reserve
• Great American Policy
• 11,798 leases with minimal risk – most CU’s will have no loss
• RVI Group Policy A
• CULA’s cash reserve
• 0 to 55 basis points estimated loss
• 1,602 leases with NO LOSS LIKELY
• RVI Group Policy B
• CULA’s cash reserves
• The Credit Union Lease opportunity mirrors your existing indirect lending product. You:
• Set rates
• Underwrite
• Fund dealer
• Post payments
• Service member
• CULA manages all lease-related functions, so you do not have to add staff to add the lease product
• Risk is minimized through successful business practices
• Credit union rate setting and underwriting
• CULA residual risk management
Click here for a brief overview of leasing with CULA. For more information, visit CULA’s website or contact them at 800-878-5400 x 302.
GroovecarGroovecar/Fusion is the industry leader in lease-end management. Groovecar has partnered with Invest in America to provide turnkey leasing solutions to credit unions. • Provides forms and documents that comply with Federal, State and NCUA requirements
• Provide accounting and remittance for Federal and State income tax
• Provide necessary insurance coverage (GAP, residual, contingent liability, contingent physical damage, garage, etc.)
• Provide training for credit union staff and dealerships
• Provide all vehicle re-marketing services including contacting and educating members on options, vehicle inspections and sales
• Third party vendor management with ALG, insurance companies, vehicle inspection services, auctions, lease tracking services, etc.
• The nation’s #1 credit union leasing product
• Stable and successful long lasting credit union indirect lending
• Critical knowledge and expertise of your market
• Leadership with over 200 years of leasing experience
• Two companies as experts in their field – offering one dynamic product
• References
• Utilize layers of resale opportunities before ever going to auction
• Fully engaged lessees will purchase their vehicle with CU support
• National online auto sales via GrooveCar with exclusive access
• CU Xpress Lease Vehicle Center – 40,000 sq. ft. autoplex in New York
• Utilize GE Fleet – largest seller of off-lease vehicles in the world
• Business alliance with ADESA – nationwide transportation system
For more information, visit GrooveCar’s website or contact them at 866.GROOVE4
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