NASHVILLE, Tenn.–Volunteer Corporate Credit Union said it has entered into a partnership with ACUSi, a CUSO wholly owned by Alabama Credit Union in Tuscaloosa, Ala. that offers a full-service indirect auto lending program. 

“This decision will grant member credit unions access to the growing company’s suite of innovative lending solutions, including dealer representation, loan decisioning, and a complete funding department,” VolCorp said in a statement.

According to the organizations, Symphony, LLC, VolCorp’s wholly owned consulting services CUSO, will work with ACUSi to enhance this service offering and provide for the administrative and regulatory requirements needed to implement an indirect lending program for credit unions.
“ACUSi’s innovative lending solutions give credit unions the flexibility and competitive edge they need in today’s financial landscape,” VolCorp President and CEO Jeff Merry said in a statement. “By partnering with ACUSi, we’re expanding our suite of services to offer more tailored lending options to help credit unions grow and better serve their members. Their expertise makes them the perfect match for VolCorp, and we look forward to the long-term success this collaboration will bring to our credit unions.”

CUs Find Success

According to VolCorp, some credit unions have already found success utilizing ACUSi’s expertise, including Chattanooga Federal Employee Credit Union.

 “It was a no-brainer for us to sign on with ACUSi for indirect lending. It allowed us to dabble in indirect lending without any upfront investment or expertise,” said CEO Mark Fraker in a statement.

Added ACUSi President Joe Hardy in a statement, “We are extremely excited about joining forces with VolCorp and expanding our reach in the Southeast,” said Joe Hardy, President of ACUSi. “When you look at our shared commitment to the credit union movement and our complementary visions for supporting that movement, this partnership is a natural fit.”