Cuna Mutual Group Selects Systems & Services Technologies As The Preferred Partner To Provide Auto Loan Servicing Solutions
Partnership enables SST to offer Auto Loan servicing solutions to CUNA Mutual’s Collateral Protection Customers
New York, January 24, 2006 – CUNA Mutual Group, the leading provider of financial services to credit unions, has selected Systems & Services Technologies, Inc. (SST), the nation’s leading independent loan servicer, to provide auto loan servicing solutions to CUNA Mutual’s collateral protection customers and their members.
The partnership means that SST will provide auto loan servicing solutions designed to help credit unions improve member service and mitigate collateral lending exposure. The agreement means that CUNA Mutual’s Collateral Protection offerings to credit unions will now expand to include: Full Outsource Servicing (call center and collections support), Title Administration, Vehicle Remarketing and Payment Processing.
“This partnership enables CUNA Mutual to expand its credit union products with complementary auto loan servicing solutions. SST proved to be best-of-breed and has been selected as our preferred partner to sell Full Outsource Servicing, Title Administration, Vehicle Remarketing and Payment Processing as part of our Collateral Lending Risk Management solution,” said Tim O’Meara, Vice President & Product Manager for CUNA Mutual.
“As a loan servicing partner, we’re dedicated to helping credit unions achieve their unique goals and improve the overall member experience through our enhanced service offerings,” said Kevin Pruner, Vice President & National Sales Manager for SST. “We’re proud and excited to be a part of the CUNA Mutual family and we’re confident that together we’ll provide the best-in-class auto lending solutions to the credit unions and the members they serve,” said Jody Meth, SVP & Global Product Executive for SST.
The partnership is effective immediately, so SST and CUNA Mutual will be reaching out to CUNA Mutual’s credit union customers and their members nationwide. For more information go to www.sst-mo.com/credit_union.
About CUNA Mutual
CUNA Mutual Group is the leading provider of financial services to credit unions and their members worldwide. More information on the company is available at www.cunamutual.com.
SST is recognized as the nation’s leading independent, third-party, servicer of consumer receivables. Managing several billion in active receivables, SST brings a wealth of experience, flexibility, and cost-effective customized solutions to lenders and their borrowers. In addition to automotive loans and leases, SST provides active servicing solutions for marine, motorcycle, power sport vehicles, signature loans (home improvement) and credit card receivables. SST is also the leading provider of back-up and master servicing for asset backed securities transactions and warehouse lending structures. For more information on SST go to sst-mo.com.
- Contact Information
- Jack Eich
- Manager, Media Relations
- CUNA Mutual Group
- Contact via E-mail
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