LITTLETON, CO – August 7, 2012 – Approximately two in three credit union executives see loan growth as the critical business issue facing their industry in 2013, according to a new survey from TransUnion. Auto loans may be the main focus of that growth.
The survey found that more than half of credit union respondents believe auto loans are their biggest opportunity.
TransUnion administered the survey to 104 credit union executives at the CUNA Governmental Affairs Conference in Washington, D.C., in late February. Nearly all respondents from across the U.S. were board members, executives or in managerial roles at their credit union.
In response, PassTime, a Littleton, Colorado provider of GPS-based Automated Collections Technology has announced a webinar to help credit unions learn more about ways to grow their auto loan portfolios. The webinar will be held on April 30, 2013 at 11am EDT.
The cornerstone of managing auto lending risk—both prime and subprime—is protecting collateral. Using GPS-enabled devices signals when payments are due. These reminders have helped credit unions grow their loan portfolios and reduced delinquencies and charge-offs for credit unions using them. The device also makes it easier to find and repossess vehicles if necessary.
During the webinar credit unions managers can expect to learn:
- What is Automated Collections Technology and who is using it?
- First Time Buyer Programs – New members and new loans
- Fresh Start Loans – Helping members and creating opportunities
- Using GPS Technology for Loan Modifications
CEOS, Lending Vice Presidents and Collections Manager should all attend.
For more information about PassTime and attending the webinar, please call Paulette Rodriguez at 303-623-5339 or email firstname.lastname@example.org or visit www.passtimeusa.com.
Headquartered in Littleton, Colorado, PassTime was founded in 1992; the PassTime Suite of Products is designed to improve customer payment performance and reduce default and repossession risks. In 1997, PassTime created its first Automated Collections Technology product. Over the next several years, a Suite of Products evolved that offer GPS tracking, wireless, and Automated Collections products and services designed to meet the needs of a highly diverse industry of car dealers and special finance companies. PassTime solutions facilitate higher rates of return on financing based upon improved customer payment performance. PassTime prides itself on a 24/7 Customer Care Support Center for partners, lenders, dealerships, and end-user customers. Over the past decade, PassTime has sustained industry leadership with its innovative products and services.