Turn Existing Auto Loans Into New Opportunities

We partnered with The Stellar Financial Group in January 2019. The team at Stellar has been great to work with from the implementation into the ongoing marketing campaigns. We have met several times to review the results and make adjustments to ensure the program is as successful as possible. As a result, we have seen applications submitted through multiple channels including our Call Center, walk-in applications at our branches, and via the Stellar Application Portal. To date, Stellar has produced $30,748,681 in funded auto loans. The program has been a great compliment to our marketing efforts.

Stellar has been a great strategic partner for our institution, its unique strategy provides an opportunity to capture current performing loans. Since the program allows direct communication with the potential members, stronger underwriting capabilities are more easily maintained and the ability to cultivate deeper relationships with borrowers is accelerated. Most credit unions are looking for loan growth, but fear the risky nature of the indirect lending arena. Stellar has found a way to drive loan volume with borrowers that have demonstrated ability to service the credit being extended. I often joke with their Founding Partner, George Monnier, that our Stellar Auto Loan relationship helps us to obtain LIFERS instead of just LOANERS.