In June of 2003, Remarketing Solutions began a strategic partnership with Allied Solutions that, according to the companies, has created a growing excitement among credit unions nationwide. The two companies have recently hosted meetings with various credit unions at metropolitan Manheim locations across the U.S. where the advantages of utilizing Remarketing Solutions’ services have been introduced.

Among the many benefits discussed at the meetings are the ability to submit and track repossessions via Remarketing Solutions’ Web site, the ability to control cost on out-of-state repossessions, flat rate inclusive fees for services (no “hidden costs”) and condition reports viewable online. The speed and efficiency of Remarketing Solutions’ remarketing and title services have been a centerpiece of the discussions as well. As a direct result of these meetings, nearly 100 credit unions are now enjoying the benefits of Remarketing Solutions’ experience and expertise.

“Signing up with Remarketing Solutions has turned out to be a great decision,” said Mike Trusler with 1st Community Federal Credit Union. “Utilizing their services has not only saved us time and effort, but the repossession and liquidation process is costing us $300 to $500 less per car on average now than it was before.”

For 19 years, Remarketing Solutions has been a resource of vehicle remarketing services for the automotive finance industry. A wholly owned subsidiary of Manheim, Remarketing Solutions combines experience and technology to provide customized services, including recovery, fleet management, title acquisition, title storage, remarketing, end-of-term, transportation and upstream selling.

Allied Solutions is a provider of insurance, lending, and marketing products to credit unions and other financial institutions across the country. Providing products supported by technology and service, Allied has grown to become the largest independent provider of financial services to credit unions in the nation.

For more information on the partnership or the collateral management services program, contact Bill Nutkins at Remarketing Solutions, toll-free (888) 833-4238 or Amy Hearn at Allied Solutions, toll-free at (800) 497-4357, ext. 3006.

About Manheim

Manheim is a provider of automotive services to commercial sellers and automobile dealers.

By offering multiple selling opportunities and a full array of services – reconditioning, certification, marshalling, title management, managed remarketing, repossession, end-of-lease-term management, retail inspection, vehicle transportation and dealer floor planning – Manheim says it impacts every stage of a used vehicle’s life cycle.

Manheim is also a technology provider, supplying tools designed to help commercial sellers and dealers not only manage their businesses, but also realize the full value of their vehicles.

A wholly owned subsidiary of Cox Enterprises, Manheim is a global organization with 32,000 employees at its 124 worldwide locations.