Credit Union Leasing of America (CULA), a national provider of indirect vehicle leasing solutions, announced a partnership with Credit Union of Georgia, a Georgia-based credit union that manages more than $732 million in assets. Across the US, CULA currently partners with 40 credit unions representing over $146 billion in assets and serving over 7.6 million credit union members.
“We are proud to extend our footprint to Georgia by bringing vehicle leasing to Credit Union of Georgia’s over 36,000 members, especially as vehicle prices continue to skyrocket and affordability continues to be a top concern for consumers. Leasing is one of the most effective tools available for managing monthly vehicle costs and can make a real and immediate impact on credit union members’ monthly budget,” said Ken Sopp, President of CULA.
Vehicle leasing through CULA’s turnkey program enables the credit union to add an important, competitive option for its car buying members and dealer partners while diversifying its portfolio.
“Our members look to us for financial solutions that make their lives easier, and vehicle leasing through CULA does exactly that,” said Jason Walker, chief lending officer at Credit Union of Georgia. “The CULA program means we can offer our members a more accessible and more flexible path to a vehicle.
For Georgia dealers, the partnership opens a new lending channel – giving them a competitive financing option that can help keep more customers on the lot.
“Vehicle leasing represents nearly one quarter (24.10%) of all new vehicles sold in the US and continues to be a critical option for consumers in the vehicle market, especially in today’s economic landscape. We continue to see more and more credit unions adding leasing to their portfolios, and we are pleased to join with some of the country’s best credit unions, such as Credit Union of Georgia, to make that happen,” continued Sopp. “We’re also grateful to our partners at CRIF for their support in making this important new partnership possible.”
