Centrix Financial, LLC Makes Auto Financing Easier in New England
Program Launched With Five Credit Union Partners and League Marketing Agreement
CENTENNIAL, Colo., June 20 -- Centrix Financial, LLC, a financial management and services firm, announced today that it has expanded its presence in the New England market following the launch of its Portfolio Management Program (PMP) with St. Mary's Bank Credit Union and Northeast Credit Union in New Hampshire, Workers Credit Union and Crescent Credit Union in Massachusetts and Westerly Community Credit Union in Rhode Island. This move now makes it possible for dealer networks, franchisees and their special finance customers in each state to benefit from Centrix's expertise and the funding capability of participating credit unions. For auto dealers, the Centrix PMP offers a fast, easy method to help special finance customers purchase the vehicles of their choice by providing a highly profitable program with guaranteed fast local funding and customized finance guidelines.
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"Centrix is extremely excited to be able to offer dealers and customers in New England the benefits of our program. Working with our credit union partners, we are helping to bring the possibility of auto ownership at a reasonable price to an underserved segment of the population," said Robert E. Sutton, Chairman and CEO of Centrix Financial. "We have developed a proven track record in the over 33 other states we operate in -- helping dealers successfully expand their customer base while managing the risk associated with special finance lending. These three states, and our marketing partnership New England Credit Union Services, LLC, mark the beginning of our expansion into New England."
Dealer networks and franchisees who are interested in participating in the Centrix PMP should call Centrix toll free at 877-236-7679, or send an inquiry by e-mail to info@centrixfinancial.com. Dealers who sign on with the Centrix PMP will also have the opportunity to register for the Team Centrix Baja Adventure, an innovative incentive program that provides winning dealers with the opportunity to get behind the wheel of a high-performance off-road car in Baja, Mexico.
About Centrix Financial, LLC
Beginning operations in 1990, Denver-based Centrix Financial is a financial management and services firm focused on providing financial strategies and proven products. Seeing an opportunity to address the shortcomings present in traditional approaches to auto buyers with impaired credit, Robert E. Sutton purchased the Company in 1997. One year later, Centrix introduced a new business model designed to bring together financial institutions, auto dealers and car buyers in innovative, more secure and more efficient ways. As part of that model Centrix introduced its core product, the patent-pending Portfolio Management Program (PMP). The Company's innovative business model allows it to serve several different customer groups. For financial institutions, Centrix develops and manages portfolios of auto loans that are insured upfront on a loan-by-loan basis, providing secure and profitable financial vehicles with significantly greater flexibility than is available under the industry's standard securitization of entire portfolios. For auto dealers, Centrix provides a safe way to expand into a new and growing market with efficient access to a nationwide network of 200 retail lenders representing nearly $50 billion dollars in total assets. For borrowers, Centrix's PMP offers safe and competitive financing, in addition to a staff of professionals dedicated to helping each customer maintain ownership of their vehicle, which helps improve their overall credit situation. As of May 31, 2003, Centrix Financial has in excess of 500 employees and is managing a portfolio with a total value approaching $1 billion. Please visit the Centrix website, www.centrixfinancial.com , for more information.
For further information, please contact: Centrix Financial, 1-877-236-7679, info@centrixfinancial.com, or media, Brandon Borrman, Manager, Corporate Communications of Centrix Financial, +1-303-225-3585, bborrman@centrixfinancial.com
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