Take control of your auto lending strategy by allowing shoppers to finance with your credit union at the dealership. With the GrooveCar retailprogram, credit unions are able to capture more loans at the point of sale, increasing profits with existing members while closing more loans with new members.
HIGHLIGHTS & BENEFITS
$622 Million in New Loans
2023 Performance of Credit Unions Partnering with GrooveCar
Convenience
for your members
Enhance Relationships
with local preferred dealerships
WE HANDLE THE HEAVY LIFTING
We build and manage your preferred dealer network
LOS integration with Dealertrack® and RouteOne®
Real-time lead generation
Marketing and digital engagement support
We provide competitive analysis of your rates and program
Your own GrooveCar Direct car shopping site, INCLUDED!
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
WHY GROOVECAR RETAIL?
READY TO PUT YOUR LENDING STRATEGY ON CRUISE CONTROL?