Popular on TelAve
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
- The ITeam Ranked on Channel Partners 2025 MSP 501—Tech Industry's Most Prestigious List of Managed Service Providers Worldwide
- Keepy Uppy™ by Ollyball Wins Prestigious 2025 Influencer Award from Clamour & The Toy Association; Announces Fall 2025 Launch at Target Stores
- Colorado Scenthound Locations Partner with Humane Colorado to Give Adopted Dogs a "Clean Start"
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research
- TCAA Welcomes Adolfo Gomez Sanchez to Its Family of Talented Speakers
- NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
- Shop American Made Goods: New Online Marketplace My American Goods Curates the Best of U.S. Made
- Honoring Black History, Culture, and Community in Fall River
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
Similar on TelAve
- SlickCashLoan Launches Free Loan Calculator to Help You Plan Monthly Payments
- Pyro Marketing Launches New Website to Accelerate Growth for Fitness Brands
- Psychedelics for Vets? CCHR Cites History of Exploitation and Failed Science
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- Colbert Packaging Announces WBENC Recognition
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Pyro Marketing Opens New Digital Marketing Company to Power Growth for Fitness and Ecommerce Brands
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Exciting New Era of Sports, Entertainment & Gaming Innovation Spotlighted by Rebrand of Expanding AI Driven, Online Fan Engagement Company: SEGG Media
CU Xpress Lease Expands Footprint on Long Island with Suffolk Federal
TelAve News/10688443
FARMINGDALE, N.Y. - TelAve -- CU Xpress Lease, a Fusion Auto Finance lease product, announces their partnership with Suffolk Federal Credit Union, which boasts over $1.4 billion in assets while serving over 63,000 members with ten branches throughout Long Island, NY.
Suffolk Federal Credit Union launched their lease program with CU Xpress Lease in the first quarter of 2021. Now with an expanded charter, they will increase their footprint into Nassau County.
Indira Khan, Vice President of Strategic Projects & Process Improvements for Suffolk Federal, stated, "We are in the center of one of the nation's strongest and most robust lease markets and as our community continues to recover from the COVID-19 pandemic, we are prepared to assist with financing. Our partnership with the CU Xpress Lease program allows us to offer a competitive lease program, which in turn will result in additional market share. Most importantly, our partnership allows us to focus on what we do best, which is managing credit risk without taking on the residual value risk. This initiative aligns with one of our strategic goals for 2021."
More on TelAve News
Added Robert O'Hara, Director of Credit Union Relations for GrooveCar, "We are excited to collaborate with a forward-thinking credit union like Suffolk Federal, bringing our lease program to their members and consumers in their market. Leasing provides a strong platform for credit unions to capture crucial auto volume while strengthening relationships with dealers in their market."
About CU Xpress Lease
CU Xpress Lease, a Fusion Auto Finance lease product, is the nation's premier automotive leasing program for credit unions that generates a solid return on investment, delivers high member satisfaction, and guarantees 100% residual value at lease maturity. Total volume of the program exceeds $5.2 billion and 145,000 vehicles. Additional information can be found at https://www.groovecarinc.com/solutions/cu-xpress-lease/.
Suffolk Federal Credit Union launched their lease program with CU Xpress Lease in the first quarter of 2021. Now with an expanded charter, they will increase their footprint into Nassau County.
Indira Khan, Vice President of Strategic Projects & Process Improvements for Suffolk Federal, stated, "We are in the center of one of the nation's strongest and most robust lease markets and as our community continues to recover from the COVID-19 pandemic, we are prepared to assist with financing. Our partnership with the CU Xpress Lease program allows us to offer a competitive lease program, which in turn will result in additional market share. Most importantly, our partnership allows us to focus on what we do best, which is managing credit risk without taking on the residual value risk. This initiative aligns with one of our strategic goals for 2021."
More on TelAve News
- $10 Million Allocated to Establish Crypto Treasury Focused on High Value Ethereum (ETH) & Bitcoin (BTC) as Long-Term Holdings for Cybersecurity Leader
- Cummings Graduate Institute for Behavioral Health Studies Celebrates New DBH Graduates
- $100 to $200 Million Equity Agreement with Top Digital Advisor Bitwise to Power Major Digital Asset Initiative for Bitcoin and Solana: OFA Group
- New Collaboration Launches Corporate ESG Solution for Responsible Decommissioning and Transparent Reporting
- SlickCashLoan Launches Free Loan Calculator to Help You Plan Monthly Payments
Added Robert O'Hara, Director of Credit Union Relations for GrooveCar, "We are excited to collaborate with a forward-thinking credit union like Suffolk Federal, bringing our lease program to their members and consumers in their market. Leasing provides a strong platform for credit unions to capture crucial auto volume while strengthening relationships with dealers in their market."
About CU Xpress Lease
CU Xpress Lease, a Fusion Auto Finance lease product, is the nation's premier automotive leasing program for credit unions that generates a solid return on investment, delivers high member satisfaction, and guarantees 100% residual value at lease maturity. Total volume of the program exceeds $5.2 billion and 145,000 vehicles. Additional information can be found at https://www.groovecarinc.com/solutions/cu-xpress-lease/.
Source: GrooveCar
0 Comments
Latest on TelAve News
- Pyro Marketing Launches New Website to Accelerate Growth for Fitness Brands
- KCON LA 2025, 106.3 RAIN FM 'Take Over' Special Event
- The Citizens Commission on Human Rights Annual Purple Heart Day Event will be Hosted at the Historic Fort Harrison
- Blake Harris the Leading Authority in International Asset Protection Joins Tom Hegna on "Financial Freedom with Tom Hegna"
- Psychedelics for Vets? CCHR Cites History of Exploitation and Failed Science
- GreenPal Empowers Lawn Care Pros Leveraging AI, Surpasses 5 Million Transactions
- Santa Monica Businesses Push Back on Bus Stop Relocation That Threatens Access and Safety
- The Blue Luna Encourages Local Schools to Take Steps to Enhance Safety for Students and Staff
- The Sessions Studios Secures $300 Million Commitment to Launch World-Class Studio and 15-Film Global Slate
- Smart Resnse Unveils Smart Resnse(SRMS) Token-Powered AI Orchestration Platform to Revolutionize Multi-Billion Dollar Market
- Josh and Heidi Follow Up the Much Anticipated and Successful Launch of the "Spreading the Good BUZZ" Podcast with a Personal Request
- Revolutionary Blockchain Platform Okh Finance Announces Okh Finance(OKKH) Token Launch to Transform Global Asset Leasing Market
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
- Colbert Packaging Announces WBENC Recognition
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge