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AUTOSOURCE and Aimbridge Partnership Increases Auto Loans for Credit Unions

September 28, 2006

Naperville, Ill.—The Illinois Credit Union League Service Corporation’s AUTOSOURCE Division and Aimbridge Indirect Lending have joined together to more efficiently generate a greater number of auto loans for credit unions.

Aimbridge provides a national sales force to facilitate relationships with auto dealers and supply them with the technology to make loans with credit unions via the Internet. AUTOSOURCE provides indirect underwriting and processing expertise. Aimbridge offers AimbridgeConnect, a suite of lending tools that enable auto dealers to immediately track and verify automobile loan applications from the point of application through loan funding.

Through AimbridgeConnect dealers can access AppLine, an online application system that improves the quality of information available to dealers. Those applications that are not automatically decisioned are forwarded to AUTOSOURCE who will underwrite and process the package and deliver an auto loan receivable to the credit union.

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