A+ Federal Credit Union (A+FCU) is expanding its relationship with Wolters Kluwer Financial Services by joining the company’s AppOne platform. AppOne automates the indirect lending, credit approval and compliance processes for lenders and the auto, RV and marine dealers they work with.
A+ Federal Credit Union also relies on Wolters Kluwer’s other solutions, including mortgage e-forms, lending e-forms, home equity e-forms and the StateLink compliance tool.
With more than 80,000 members, A+FCU is one of the largest credit unions in Texas. While the credit union is not new to the auto finance market, up until recently, it focused on loans in the franchise dealership space. Using the AppOne platform, A+FCU will be able to expand its services and help members fund auto loans through independent auto dealerships in Texas.
AppOne connects A+FCU with independent dealers and helps the credit union assess the risk involved with each dealer relationship. Additionally, it integrates Wolters Kluwer Financial Services’ Bankers Systems motor vehicle retail installment contracts, which help ensure compliance and accuracy when documenting auto loans.
“A+FCU’s mission is ‘to fulfill dreams through life-long financial partnerships.’ And this enhanced partnership helps us expand our auto lending options helping our members achieve their dreams,” said Sharon Gaugler, vice president of lending at A+ Federal Credit Union.
“We are excited to offer independent auto dealerships in Texas access to a strong lender that has built a solid reputation in the indirect lending space,” said Lee Domingue, CEO of indirect lending at Wolters Kluwer Financial Services.