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CU Xpress Lease white logo Credit Union Leasing

The Nation's Premier Auto Leasing Program for Credit Unions

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INDIRECT LEASING ON CRUISE CONTROL

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The CU Xpress Lease program allows credit unions to enter the highly profitable and exclusive lease market while incrementally capturing more loans at the point of sale. Not only are we the only provider that guarantees 100% residual value at lease maturity, but our credit union partners also do not have to endure any of the heavy lifting of setting up or maintaining a leasing product. That’s what we do.

PROGRAM HIGHLIGHTS

184,000+

Lease Originations

$7B+

Leases Funded

100%

Residual Value Paid

760+

Average FICO Score

41

Month Average Term

40%

Average Look-to-Book

WE HANDLE THE HEAVY LIFTING

  • We sign up and market program to dealers, while providing ongoing training and support
  • We act as a liaison on behalf of the credit union
  • We bear the value risk on all vehicles at lease maturity
  • We manage the disposition of vehicles at lease maturity, including wear and tear
  • We pay 100% of the full residual value, GUARANTEED!

GrooveCar enables us to fund more loans and connect more frequently with our members while collaborating with local auto dealers in a manner we hadn’t been able to accomplish prior to launching this program. This relationship has been an important part of our auto loan growth strategy.

Francis Collins, SVP Credit at Teachers FCU ($9.3 Billion)
CU Xpress Lease & GrooveCar Retail Partner

Our lease portfolio consists of primarily A-quality paper, and the performance has been outstanding. When you combine this with the product’s payment-driven financing approach, resulting yields exceed traditional auto loan spreads.

Chuck Price, SVP Corporate Administration at Jovia FCU ($4.2 Billion)
CU Xpress Lease Partner

WHY CU XPRESS LEASE?

READY TO PUT YOUR LEASING STRATEGY ON CRUISE CONTROL?