Aimbridge Announces Renewed Partnership with Bay Pines Federal Credit Union; Bay Pines Federal Credit Union Recognizes That Partnership with Aimbridge Drives Loan Volume from Dealerships
ENGLEWOOD, Colo.--Aug. 22, 2006--Aimbridge(R) Indirect Lending announced that Bay Pines Federal Credit Union will renew their partnership with Aimbridge to offer indirect auto lending services in the Tampa area. Aimbridge Indirect Lending connects credit unions with automotive dealer networks to provide automobile loans. Bay Pines Federal Credit Union is committed to serving the financial needs of its members efficiently, competitively, and conveniently.Aimbridge provides the infrastructure to afford a strong competitive advantage to credit unions in the auto loan market. With the Aimbridge approach, much of the hassle that comes with indirect lending is eliminated, and credit unions have access to dedicated indirect expertise.
"We very much appreciate the ongoing business relationship we have with Bay Pines Federal Credit Union, and we want to be the company that credit unions turn to for innovative lending solutions," said Sharon Unger, vice president of sales and marketing for Aimbridge. "We can assure our credit union partners that the loan origination process is seamless to members and future members."
Aimbridge technology supports the objectives at Bay Pines, facilitates easy loan handling and produces reports and analysis on originations. The program is flexible and allows management to be able to respond to changes. The intelligence behind Aimbridge's platform influenced the decision of Bill Clendaniel, vice president of lending with Bay Pines to select Aimbridge as their technology provider.
Bay Pines is strategically positioned to respond to their members during non-traditional business hours with Aimbridge's CDS, Credit Desk Support program. Aimbridge CDS is designed to provide indirect lending underwriting assistance to credit unions while maintaining credit consistency and decision turn-times. Aimbridge applies specific credit criteria at the direction of the credit union to all authorized loan applications ... during business hours, after business hours, on weekends or on holidays. Hours are customized to the needs of the credit union.
Aimbridge's indirect lending program is web based and tailored to meet the individual needs of each credit union and dealer. Aimbridge has already successfully reached into the Colorado, Florida, Georgia, Illinois, Maryland, Michigan, Missouri, Ohio, Texas and Virginia markets.
Bay Pines Federal Credit Union is a competitive and sound financial cooperative for their members. They maintain the financial stability that is necessary in today's environment through planned growth and improved technology. While providing their members with personal services, they also promote financial education and foster goodwill in the community. Bay Pines Federal Credit Union promotes and supports the principles of the Credit Union Movement.
Founded in 1994, Aimbridge markets auto loans and insurance products through partnerships with financial institutions and auto dealerships. Aimbridge Lending is comprised of two divisions; Aimbridge Indirect Lending and Aimbridge Financial Services. The company is headquartered in Englewood, Colorado, and has remote offices throughout the United States. For additional information please visit www.aimbridge.com