CU Xpress Lease

FARMINGDALE, NY – CU Xpress Lease, a Fusion Auto Finance lease product, announces their partnership with Suffolk Federal Credit Union, which boasts over $1.4 billion in assets while serving over 63,000 members with ten branches throughout Long Island, NY.

Suffolk Federal Credit Union launched their lease program with CU Xpress Lease in the first quarter of 2021. Now with an expanded charter, they will increase their footprint into Nassau County.

Indira Khan, Vice President of Strategic Projects & Process Improvements for Suffolk Federal, stated, “We are in the center of one of the nation’s strongest and most robust lease markets and as our community continues to recover from the COVID-19 pandemic, we are prepared to assist with financing. Our partnership with the CU Xpress Lease program allows us to offer a competitive lease program, which in turn will result in additional market share. Most importantly, our partnership allows us to focus on what we do best, which is managing credit risk without taking on the residual value risk. This initiative aligns with one of our strategic goals for 2021.”

Added Robert O’Hara, Director of Credit Union Relations for GrooveCar, “We are excited to collaborate with a forward-thinking credit union like Suffolk Federal, bringing our lease program to their members and consumers in their market. Leasing provides a strong platform for credit unions to capture crucial auto volume while strengthening relationships with dealers in their market.”

About CU Xpress Lease
CU Xpress Lease, a Fusion Auto Finance lease product, is the nation’s premier automotive leasing program for credit unions that generates a solid return on investment, delivers high member satisfaction, and guarantees 100% residual value at lease maturity. Total volume of the program exceeds $5.2 billion and 145,000 vehicles. Additional information can be found at here.

FARMINGDALE, NY – CU Xpress Lease, a Fusion Auto Finance lease product, announces their partnership with Tropical Financial Credit Union, which boasts over $873 million in assets while serving over 66,000 members with seven branches in southern Florida.

Tropical Financial Credit Union plans to launch their lease program with CU Xpress Lease to its members by the end of the first quarter of 2021.

Richard Shaw, Chief Operations Officer for Tropical Financial Credit Union, stated, “Southern Florida has traditionally been one of the largest lease markets in the United States. As we work our way through the COVID-19 pandemic, we understand that potential car buyers will be even more laser-focused on finding the best monthly payment. Our partnership with the CU Xpress Lease program allows us to offer competitive lease payments, which will result in significant volume. Most importantly, our partnership allows us to focus on what we do best, which is managing credit risk without taking on the residual value risk or exposing ourselves to any excess wear and tear or over-mileage associated with leases.”

Added Robert O’Hara, Director of Credit Union Relations for GrooveCar, “We are excited to collaborate with an innovative credit union like Tropical Financial Credit Union by bringing our lease program to their members and consumers in their market. Car shoppers are payment-driven and leasing provides a true medium for credit unions to capture that volume while strengthening relationships with dealers in their market.”

About CU Xpress Lease
CU Xpress Lease, a Fusion Auto Finance lease product, is the nation’s premier automotive leasing program for credit unions that generates a solid return on investment, delivers high member satisfaction, and guarantees 100% residual value at lease maturity. Total volume of the program exceeds $5.2 billion and 145,000 vehicles. Additional information can be found at here.

HAUPPAUGE, NY – CU Xpress Lease, a Fusion Auto Finance lease product, announces their partnership with PremierOne Credit Union, which boasts over $447 million in assets while serving over 22,000 members with 5 branches in the Santa Clara County area.

PremierOne Credit Union plans on launching their lease program with CU Xpress Lease to its members in Santa Clara county by the beginning of the fourth quarter in 2020.

Belinda Metzler, Vice President of Lending for PremierOne Credit Union stated, “Santa Clara County represents one of the fastest growing lease markets in the United States. As we work our way through the COVID-19 pandemic, we understand that potential car buyers will be even more laser-focused on finding the best monthly payment. Our partnership with the CU Xpress Lease program allows us to offer lease payments that are competitive with the captives, which in turn will result in significant volume we had zero exposure to previously. Most importantly, our partnership allows us to focus on what we do best, which is managing credit risk, without taking on the residual value risk or exposing ourselves to any excess wear and tear or over-mileage associated with leases.”

Added Robert O’Hara, Director of Credit Union Relations for GrooveCar, “We are excited to collaborate with a forward-thinking credit union like PremierOne Credit Union by bringing our lease program to their members and consumers in their market. Car shoppers are payment-driven and leasing provides a true medium for credit unions to capture that volume while becoming far more relevant with dealers in their market.”

About CU Xpress Lease
CU Xpress Lease, a Fusion Auto Finance lease product, is the nation’s premier automotive leasing program for credit unions that generates a solid return on investment, delivers high member satisfaction, and guarantees 100% residual value at lease maturity. Total volume of the program exceeds $5.2 billion and 145,000 vehicles.Additional information can be found at here.

HAUPPAUGE, NY – CU Xpress Lease, the nation’s leading credit union lease program and a Fusion Auto Finance lease product, announces their partnership with Mid-Hudson Valley FCU.

MHVFCU began to offer auto leasing to its members in Ulster, Dutchess and Orange Counties of NY on April 1st2019.

Founded in 1963, member-owned MHVFCU has over $1.04 billion in assets. With a network of more than 77,000 members, 812 businesses partners, and 13 branches, it is one of New York state’s largest credit unions.

Steve Carle, Senior Vice President / Chief Lending Officer for MHVFCU stated, “The Hudson Valley region represents one of the top lease markets in the U.S. By working with CU Xpress Lease, we are able to add value to our members with affordable vehicle financing while enhancing the credit union’s dealership exposure. Additionally, leasing provides us an opportunity to immediately expand our automotive portfolio. Since leasing is becoming more popular due to lowered monthly payments and no money down requirements, we know our potential will only increase with this new service for our members.”

Added Robert O’Hara, Vice President of Strategic Alliances for GrooveCar: “We are excited to partner with Mid-Hudson Valley FCU and look forward to bringing the CU Xpress Lease program to their members. Consumers are payment-driven and leasing provides a true medium for credit unions such as MHVFCU to capture that market share without the responsibility of managing the residual risk when the lease matures.”