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

• Agemin Unveils Breakthrough AI Model for Biometric Age Estimation, Setting New Standards in Online Child Safety
• Strategic Partnerships with Defiant Space Corp and Emtel Energy USA Powerfully Enhance Solar Tech Leader with NASA Agreements: Ascent Solar $ASTI
• 120% Revenue Surge with Four Straight Profitable Quarters Signal a Breakout in the Multi-Billion Dollar Homebuilding Market: Innovative Designs $IVDN
• Leading Venture Capital Firms Recognize Wzzph Exchange's Technical Architecture and Security Framework as Industry Benchmark
• DivX Unveils Major DivX Software Update: Seamless Video Sharing and Customizable Playback Now Available

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/.