GrooveCar

  • February, 2019

GrooveCar’s Indirect Auto Lending Increased by 44% in 2018

4 years ago / Categories: Press, Strategic Growth

Hauppauge, NY– GrooveCar, one of the nation’s leading providers of auto loan growth, has announced that its credit union partners have seen a 44% increase in indirect auto loans, the highest loan growth within a 12-month period since the company’s inception in 1999.

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GrooveCar Direct Continues to Grow in 2018

4 years ago / Categories: Member Engagement, Press, Strategic Growth

HAUPPAUGE, N.Y. – GrooveCar Direct, the nation's leading platform for credit union member engagement and direct auto loan growth, announced that 2018 was another year of significant growth as it surpassed 300 credit union clients across 36 states.  The program welcomed 65 new credit unions in 2018, a 33% YOY increase in credit union clients.  New credit union partners had a combined asset size of $12 billion, an average asset size of $186 million each.  They also contributed an additional 1.1 million members to the program, an average membership of 17,850 members.

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CU Xpress Lease Sees Record Growth in 2018

4 years ago / Categories: Auto Leasing, Press, Strategic Growth

Hauppauge, NY– CU Xpress Lease, the nation’s top performing vehicle lease program for credit unions, has announced that 2018 represented another record year as volume reached $707 million, a 45% YOY increase. This increase in volume was driven by the 19,384 leases originated in 2018, a 41% increase compared to 2017.

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