"As a credit union, we’re always looking for ways to better serve our current and future members’ needs. "When it comes to first-time car buyers, the ability to offer auto loans with flexible terms helps us meet our members and buyers where they are financially," says Brett Christensen, Chief Lending Officer at AFCU. The average used vehicle loan amount surged 18% from Q2 2021 to the same timeframe this year, and to better serve its members and facilitate vehicle ownership, America First Credit Union will provide competitive interest rates and longer loan terms through its partnership with Open Lending. "Our partnership with AFCU will empower the credit union to offer auto loans with longer terms and better rates - and give more members access to financing that works for them in uncertain economic times." Take advantage of this Auto Loan special Auto Loan Specials as low as 4.74. "In an auto lending environment with climbing interest rates and persistent car inventory issues, Lenders Protection helps keep car ownership accessible," says Tom Rice, Senior Vice President of National Sales at Open Lending. You Deserve The Best Fixed Rate as low as 9.99 APR. AFCU will now offer indirect lending services through Open Lending’s Lenders Protection™ program, allowing automotive dealers to give more opportunities for vehicle loans to their future members that are near and non-prime or emerging-prime. Vehicle Loan Rates 0 - 36 Months 6.96 - 15.96 617 a month for 36 months, 20,000 loan at 6.96 37 - 48 Months 7.77 - 16.77 486 a month for 48 months. See our payment calculator for more payment samples. In partnership with Open Lending, AFCU will offer longer loan terms and higher approval rates to buyers in the western United StatesĪUSTIN, Texas, October 20, 2022-( BUSINESS WIRE)- Open Lending Corporation (NASDAQ: LPRO) ("Open Lending" or "the Company"), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today announced it is partnering with one of the nation’s largest credit unions, America First Credit Union (AFCU). America First Mobile Banking Get the most out of your America First membership with our Mobile Banking application. Payment sample: Pay 18.00 per month per 1,000 borrowed for 66 months at 6.49.
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