“We selected ACTion based on its flexibility and powerful rules,” said Brian Sherrick, CEO of Postal Credit Union. “The system will be key in helping us streamline our lending process for faster turn times in delivering a high level of service."
Woodbury MN (PRWEB) January 30, 2013
Postal Credit Union (PCU) in Minnesota is pleased to announce they have partnered with CRIF Lending Solutions to provide members with immediate decisioning on their loan requests. PCU is known for great vehicle loan rates and the ability to apply online 24/7. This partnership with CRIF will enable the majority of members who apply for a loan to receive a decision on their request in as little as 60 seconds.
PCU selected CRIF Action because of its ability to help organization’s streamline and grow their lending and account opening processes. CRIF ACTion offers users end-to-end, automated processing of loans and accounts, while also connecting with a wide variety of core, document, appraisal, electronic signature and other essential lending systems.
“We selected ACTion largely based on its flexibility and powerful rules,” said Brian Sherrick, President and CEO of Postal Credit Union. “The system will be key in helping us streamline our lending process for faster turn times in delivering an outstanding member experience.”
In addition to 24/7 lending and automated loan decisions, PCU also offers Guaranteed Asset Protection (GAP) Advantage at a very affordable price and an extensive online Auto Resource Center to help consumers make an informed purchasing decision.
Vehicle values decline rapidly and for that reason, in the event of an accident, insurance settlements may not cover the entire loan balance. Through its partnership with Allied Solutions, PCU is pleased to be able to offer GAP Advantage to alleviate that potential loss. GAP Advantage is designed to eliminate unpaid auto loan balances in the event a vehicle is stolen or damaged beyond repair (totaled). GAP Advantage supplements primary auto insurance coverage.
PCU’s Online Resource Center
Whether a member is buying, selling or trading-in, it's important to do research. PCU’s Auto Resource Center provides links to two respected sources, NADA and Edmunds, to find pricing information on new and used cars, side-by-side price comparisons, tips for buying and selling, current manufacturer incentives, customer reviews and more. In addition, PCU has also created a number of videos designed to help members as they consider Buying A Car.
There also find a host of other vehicle resources and links:
Annual Credit Report - Obtain a free copy of your credit report from the major credit reporting agencies.
Loan calculator – Figure out how long it will take to pay off a vehicle in addition to determining how much a monthly payment will be and more.
National Highway Traffic Safety Administration – Learn about vehicle safety, recalls and more.
Consumer Reports – Review vehicle pricing, ratings, road tests and safety information for new and used vehicles.
Fueleconomy.gov – Learn which vehicles are the most and least fuel efficient. Check the miles per gallon usage for vehicles, their EPA pollution scores and more.
Carfax – For a nominal fee individuals can check the history of used automobiles when they search by Vehicle Identification Number (VIN).
Visit http://www.postalcu.org for an informative video on buying a vehicle.
Founded in 1926, Postal Credit Union is a member owned financial institution that specializes in providing excellent member service, great rates and convenience. PCU offers a complete range of services, including 24/7 loan approval, mortgages, online banking, online deposits, checking, business services, investment services and more. PCU is proud to serve Anoka, Chisago, Dakota, Hennepin, Ramsey and Washington counties, with office locations in Eagan, Hugo, North St. Paul, West St. Paul and Woodbury. For more information, contact PCU at 651-770-7000, 800-247-0857 or visit http://www.postalcu.org.
About CRIF Lending Solutions
By bringing together the automated lending technology and services of Aimbridge, APPRO, Cypress, FLS, Magnum and Teres, CRIF Lending Solutions provides loan and account origination, business process outsourcing, credit decisioning, data access and analytics solutions to over 650 of the U.S.’s most successful financial institutions including banks, credit unions, finance companies, retailers and credit card processors. CRIF Lending Solutions is organized into four dedicated divisions: CRIF ACTion includes APPRO, Cypress and Teres products; CRIF Select includes Aimbridge and FLS services; CRIF Synergy features Magnum products; and CRIF Achieve offers cost-effective, analytic decision management solutions. With over $106 million dollars in equity, CRIF Lending Solutions is a part of CRIF, a global company specializing in the development and management of decision support systems worldwide. For more information, visit http://www.criflendingsolutions.com.
About Allied Solutions
Allied Solutions, LLC is one of the largest providers of insurance, lending, and marketing products to financial institutions in the US. Allied Solutions uses technology based products and services customized to meet the needs of 4,000 clients along with a portfolio of innovative products and services from a wide variety of providers and maintains more than 20 regional offices and service centers around the country. Allied Solutions is a subsidiary of Securian Financial Group, Inc.