Alliant Credit Union, which has teamed up with the online car marketplace TrueCar since 2015, recently states that they have originated over 3,000 car loans that are valued at $80 million through their platform and Alliant members have saved over $4 million off of suggested retail prices.
TrueCar allows Alliant members to access certified-dealer inventory, check vehicle prices, apply discounts, and secure loans.
The $80 million originated through TrueCar over three years represents just a portion of the credit union’s growing auto lending business. Overall, the Chicago-based credit union originated $900 million on auto loans this year, a 20% year-over-year increase.
Alliant is also set to announce another third-party partnership for auto lending in the first quarter of next year, Brian Sharapata, Alliant Credit Union manager of consumer loans and credit product strategy.
Read more here
Join us in Bangkok the 19th to the 22nd of March for the Property Portal Watch Conference.