SANTA MONICA, Calif. — TrueCar Inc.’s announced that its Member Showroom platform will power the online car-buying programs for ten regional credit unions, which claim more than one million members across seven states.
Member Showroom collects pricing information for thousands of vehicle makes and models, allowing car buyers to see what others paid in their area for a vehicle in which their interested.
"We are very pleased to be able to help provide such an important service to the customers and employees of these fine organizations," said Scott Painter, founder and CEO of TrueCar.
Credit unions launching TrueCar-powered car-buying services include: Michigan First (Lathrup Village, MI); Baxter Credit Union (Vernon Hills, IL); Congressional Federal (Oakton, Virginia); FAIRWINDS Credit Union (Orlando, Florida); Pacific Service Credit Union (Walnut Creek, California); Aspire Federal Credit Union (Clark, NJ); Arlington Community Federal (Arlington, VA); Northwest Federal Credit Union (Herndon, VA); Pennsylvania State Employees Credit Union (Harrisburg, PA); and Commonwealth One Federal Credit Union (Alexandria, VA).
To date, TrueCar has facilitated the sale of more than 350,000 vehicles — saving consumers more than $1 billion off of the Manufacturers Suggested Retail Price (MSRP), according to the company.