Open Lending Joins CUNA as Associate Business Member to Champion the Credit Union Movement and Near-Prime Consumers
09 Noviembre 2023 - 7:00AM
Business Wire
Lending enablement provider joins forces with
CUNA to advocate for credit unions and their members and provide
strategic advisory on serving the near- and non-prime credit
segments
Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the
“Company”), an industry trailblazer in automotive lending
enablement and risk analytics solutions for financial institutions,
today announced it has joined the Credit Union National Association
(CUNA) as an Associate Business Member.
“At Open Lending, we fully support the credit union industry’s
mission to provide opportunities to consumers underserved by
traditional financial institutions,” Kevin Filan, senior vice
president of marketing at Open Lending said. “We launched Lenders
Protection™ in the credit union marketplace to make automotive
loans fair, accessible and more affordable. Using alternative data
to determine borrower potential, our solution empowers credit
unions to offer competitive loan terms to qualified near- and
non-prime borrowers who may not be able to access loans otherwise.
Through this partnership with CUNA, we will aim to build on our
support for credit unions and their members and contribute to a
future where the industry can thrive.”
As a CUNA member, Open Lending will elevate the credit union
movement through industry advocacy, and thought leadership on how
to provide critical services for the underserved near- and
non-prime credit segments. The company will also show its support
on speaking panels at CUNA events, such as the CUNA Lending Council
Conference November 12-15 in Denver, Colorado.
“CUNA is proud to partner with an organization so committed to
expanding automobile access to deserving, yet often underserved
borrowers,” said Karin Sand, vice president of sales for CUNA
System Provider Relations. “Open Lending’s 20-plus years of
expertise in AI-powered decisioning and cutting-edge technology
will be a valuable asset to our community of like-minded credit
union professionals.”
Learn more about Open Lending at openlending.com.
About Open Lending
Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based
pricing, risk modeling, and default insurance to auto lenders
throughout the United States. For over 20 years we have been
empowering financial institutions to create profitable auto loan
portfolios in excess of $20 billion with less risk and more reward.
For more information, please visit www.openlending.com.
About CUNA
Credit Union National Association (CUNA) advocates on behalf of
America’s credit unions, which are owned by more than 137 million
consumer members. CUNA, along with its network of affiliated state
credit union leagues, delivers unwavering advocacy, continuous
professional growth and operational confidence to protect the best
interests of all credit unions. For more information about CUNA,
visit cuna.org. Learn more about the merger to form America’s
Credit Unions. To find your nearest credit union, visit
YourMoneyFurther.com.
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Alison Smith for Open Lending openlending@ink-co.com Investor
Relations Inquiries openlending@icrinc.com
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