San Antonio Federal Credit Union Selects DealerTrack to Accelerate Dealer-to-Lender Relationships

    MELVILLE, N.Y.--April 28, 2003--San Antonio Federal Credit Union (SACU) has joined the DealerTrack(TM) online auto finance platform to help automate and accelerate its interaction with its automobile dealer customers.
    SACU, a leader in the South Texas financial industry for over 60 years, is the first stand-alone credit union to connect to the DealerTrack platform, which currently has more than 19,000 dealers enrolled.
    SACU dealer customers can use the DealerTrack platform to submit credit applications and monitor the status of those applications in real-time. DealerTrack also allows dealers to access low-cost credit reports, connect with additional lenders and, as a result of a recently announced merger with Credit Online, have the ability to integrate with leading dealer management systems.
    DealerTrack reduces the time spent manually processing credit applications while decreasing the potential for input errors. The platform fuels a more profitable and efficient experience for dealers, while it offers lenders like SACU the ability to extract cost out of the application process while offering faster turn-around time.
    "DealerTrack is a very well-established channel which our dealer customers encouraged us to use," said Jeffrey Farver, SACU's president and CEO. "We see DealerTrack not only as a proven leader in this industry, but also as a provider of a set of applications which will quickly become a de facto standard for many dealer-to-lender interactions."
    "San Antonio Federal Credit Union is the first of what we hope will be a growing number of credit unions active on the DealerTrack platform," said Mark O'Neil, president and chief executive officer of DealerTrack, Inc. "Based on positive feedback from our existing lender customers, and in light of our ever-growing list of participating dealers, I am confident that SACU will see immediate benefits and increased financing opportunities from linking with DealerTrack."

    About DealerTrack:

    With over 19,000 dealers and 30 lenders currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire dealer-to-lender relationship, from financing to daily information sharing. The DealerTrack platform features integration with top dealer management systems and enables application processing, credit bureau access, electronic contracting and lease comparisons--all in one easy-to-use, integrated solution. More information on DealerTrack is available at www.dealertrack.com or by calling 877-357-8725.

    About San Antonio Federal Credit Union

    San Antonio Federal Credit Union (www.sacu.com) was ranked 17th in total loans and leases in a recent American Banker magazine survey including 150 credit unions nationwide.