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BMW Financial Relocates to Support Growing Operations

June 14, 2004

DUBLIN, Ohio -- BMW Financial Services North America plans to build a new international customer service center in Hilliard, Ohio. As the company plans to expand its business in North and Latin America, the new facility will accommodate growth.

BMW Financial's onsite workforce of about 750 people exceeds the Dublin facility's capacity. The workforce has grown 123 percent since this facility was built in 1996. The new building will be double the size of the current facility. Pending final approval of relocation plans, contruction is expected to start later this year and complete in early 2006.

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Credit Union Direct Lending Begins Illinois Operations

RANCHO CUCAMONGA, Calif. -- Credit Union Direct Lending (CUDL), the largest point-of-sale lending network for U.S. credit unions, launched operations in Illinois. Credit unions and dealerships in the greater Chicago area are now using the indirect lending platform.