Join the revolution! #fintech #creditunions #autoloans #autolending #faas #strongertogether #fastpass #memberexperience
CU LIFT Network
Financial Services
Austin, Texas 852 followers
Fueling direct auto loan growth for credit unions nationwide.
About us
What would it take for your credit union to establish a digital connection to every franchise automobile dealership in the nation, enabling direct, instantaneous auto loan funding from your credit union to any one of those dealers? That would be impossible for any credit union to do on its own. Therein lies the power of the LIFT Network, operated by CU LIFT Fund, LLC, the first-ever FaaS CUSO. CU LIFT Fund replaces your manual legacy funding processes with instant digital funding orchestrated through the proprietary LIFT payment network. Make as many direct auto loans as your credit union can handle and leave the funding to CU LIFT Fund, LLC.
- Website
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https://www.culiftfund.com
External link for CU LIFT Network
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Austin, Texas
- Type
- Partnership
- Founded
- 2023
Locations
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Primary
Get directions
Austin, Texas, US
Employees at CU LIFT Network
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Jeff Sterns
727-638-0069 CHAT VP of Sales / Retail background: 5 makes hit #1 Volume USA + #1 CSI - 20 years back-to-back. Private client vehicle purchases.
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Kirk Klinkhammer
FinTech Founder & Investor
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Benjamin Maxim
Chief Innovation Officer MSUFCU | COO Reseda Group | Fintech Board Member | i3er | 2022 Finopotamus Technologist of the Year | 2024 MCUL Professional…
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Jeremiah Depew
Senior Product Owner
Updates
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Is this the case at your credit union? LIFT can help you grow your direct auto loan portfolio. #fintech #creditunions #autoloans #autolending #faas #strongertogether #fastpass #memberexperience
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"The latest data from the Finance & Leasing Association (FLA) indicates a downturn in consumer car finance new business volumes in June 2024, with an 11% decrease compared to June 2023." -- GlobalData #fintech #creditunions #autoloans #autolending #faas #strongertogether #fastpass #memberexperience
Consumer car finance trends show decline in June 2024
finance.yahoo.com
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"The Florida CU is the fourth-largest holder of indirect car loans, the type sold in a deal that closed Wednesday," according to Credit Union Times. Note: Viewing this article requires a free registration. #fintech #creditunions #autoloans #autolending #faas #strongertogether #fastpass #memberexperience
Space Coast Sells $669 Million in Auto Securities
cutimes.com
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"Despite improved inventory and incentives, analysts say high vehicle prices and unrelenting borrowing costs pose significant challenges for consumers," according to Edmunds. #fintech #creditunions #autoloans #autolending #faas #strongertogether #fastpass #memberexperience
New-Vehicle Buyers 'Stretched to Financial Limits' in Q2 2024, According to Edmunds Experts
edmunds.com
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Here's someone who has seen a lot of changes in the industry. The stories he must have! #fintech #creditunions #autoloans #autolending #faas #strongertogether #fastpass #memberexperience
95-year-old man has been selling cars for nearly 70 years
fox5vegas.com
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"While credit unions' auto loan business will rebound, they need to make big changes to do so," says the author. We couldn't agree more. Note: Content is gated; requires free registration with Credit Union Times. #fintech #creditunions #autoloans #autolending #faas #strongertogether #fastpass #memberexperience
Credit Unions Are at a Crossroads With Auto Loans
cutimes.com
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The good news for credit unions: Auto loan penetration has grown over the last 10 years. The not-so-good news: It's taken a dip the last couple of quarters. So what? Let us answer that question for you. #fintech #creditunions #autoloans #autolending #faas #strongertogether #fastpass #memberexperience
Credit Union Auto Loan Penetration Is on the Decline. So what?
CU LIFT Network on LinkedIn
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I had no idea of the cost!
Wondering how much the CDK Global cyberattack is going to cost auto dealers? One study puts the figure at $1 billion. #fintech #creditunions #autoloans #autolending #faas #strongertogether #fastpass #memberexperience
Car dealership losses from CDK software outage could soon reach $1 billion, study finds
foxbusiness.com