Quantum Auto Loans

Quantum Auto Group has partnered with The Credit Union Loan Source, LLC to offer auto loans. They are planning on taking over the Eastern Seaboard with their credit union car loans. This way all indirect auto loans that are originated by Quantum will be available to credit unions along the coast.

This union will allow credit union service organizations and credit unions access to auto loans across state lines, which gives them an in to the car loan industry that they never had before. Quantum has brought in almost $500 million in auto loans over the past three years, and has assisted many financial organizations with those auto loans.

Quantum gets the auto loans from the dealerships and then sells them to financial organizations. They have 1,000 dealerships in their organization right now, so with this deal they will be able to provide the car loans to the credit unions. This is the first time they have done business with credit unions, but they are excited about the opportunity to do so.

The credit unions will now have the ability to substantially grow their auto loan portfolio, and as well as grow their indirect loan volume. The loan origination possibilities are endless for both companies. Quantum Auto also has direct access to auto loans, and auto loan refinance program capabilities.
 

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