Press Releases

2/22/2006 - CUAC Provides Client Assistance Package for State and Federal Examinations

HOUSTON, TX – In response to NCUA’s growing concerns regarding third party indirect lending for credit unions, Credit Union Acceptance Company, LLC (CUAC) has developed a Client Assistance Package that addresses federal and state examiner questions about client credit union’s indirect lending. 

“Since CUAC is a credit union service organization, we felt it was our responsibility to assist our owner and client credit unions with a comprehensive assistance tool that will enable them to respond rapidly and accurately with examiners about their indirect lending services with CUAC.”  stated Adrian Dominguez, President and CEO of CUAC. 

Credit Union Acceptance Company, LLC (CUAC), is a Credit Union Service Organization (CUSO) founded in 1998 and owned by nine Texas credit unions.  CUAC was formed to level the auto finance playing field by representing credit unions in the indirect auto finance market.    Since the inception of the company, CUAC has grown both credit union clients and funded loans.  CUAC currently services 60+ credit unions in 6 states and funds nearly $1 billion in loans annually.

For more information about CUAC, Credit Union indirect lending and the Client Assistance Package, please call Adrian Dominguez at 866.970.2822 ext. 201