GrooveCar Inc. announced that 18 new credit union partners joined its GrooveCar Direct online vehicle buying program in the first quarter of 2018.
The new credit unions aggregate more than 450,000 members.
The program, GrooveCar explained, “promotes engagement with members during the journey for a new or pre-owned vehicle while harnessing the auto buying power” within the credit union's community.
"With consumer confidence running high and strong economic growth predicted for 2018, these market indicators should bode well for credit union auto loan growth," stated Robert O'Hara, vice president of strategic alliances at GrooveCar.
The new credit union partners comprise: Advantage One Federal Credit Union, (based in Brownstown, Mich., assets of $140 million); CME Federal Credit Union (Columbus, Ohio, $270 million); Community Financial Credit Union (Springfield, Mo., $65 million); Essex County Teachers Federal Credit Union (Bloomfield, N.J., $12 million); Frick Tri-County Federal Credit Union (Uniontown, Pa., $82.6 million); Guardian Credit Union (Montgomery, Ala., $450 million); Lakeshore Federal Credit Union (Muskegon, Mich., $29 million); Liberty Savings Federal Credit Union (Jersey City, N.J., $90 million); Ohio's First Class Credit Union (Cleveland, $43 million); Regional Federal Credit Union (Hammond, Ind., $130 million); Royal Credit Union, Eau Claire, Wis., $2.2 billion); Shelby County Federal Credit Union (Memphis, Tenn., $62 million); Spirit Financial Credit Union (Morrisville, Pa., $48.7 million); Spokane Federal Credit Union (Spokane, Wash., $155 million); Syracuse Fire Department Employees Federal Credit Union (Syracuse, N.Y., $88 million); Texar Federal Credit Union (Texarkana, Texas, $341 million); Texas Health Resources Credit Union (Dallas, $19 million) and UPS Employees Credit Union (Memphis, $23 million).
O’Hara added that "all the best practices are loaded onto the platform making the process a seamless experience for the member.”