ONTARIO, Calif. (3/22/13)--CU Direct, a provider of lending solutions to the credit union system, has formed a partnership with First Associates Loan Servicing to offer a loan servicing solution to credit unions.
The new solution will cover CU Direct's core automotive-lending business and provide coverage of other asset classes, such as student loans, solar leases and loans, and personal loans.
"CU Direct is a strong leader in the credit union industry and a great partner for First Associates," said David Johnson, First Associates CEO.
A provider of portfolio back-up solutions for credit unions and other financial institutions, First Associates clients include financial institutions, private equity groups, government agencies and other consumer finance entities.
"Our goal is to provide leading products and services that help credit unions grow their auto lending portfolios, and through our new relationship with First Associates we're able to deliver a cost effective, comprehensive solution that will meet the servicing needs of our credit unions," said Brent Hollingsworth," CU Direct national director of strategic alliances.