CULA footprint for vehicle leasing at credit unions grows to 35 states
Credit Union Leasing of America (CULA) president Ken Sopp. Images courtesy of the company.
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Credit Union Leasing of America (CULA) now supports vehicle leasing in 35 states through more than 40 credit union partners thanks to the newest partnership announced on Wednesday.
CULA is now working with Frontier Community Credit Union, a Kansas-based credit union serving more than 18,000 members and managing more than $204 million in assets.
This marks CULA’s entry into Kansas, further extending the company’s growing national footprint.
Earlier this year, CULA built a relationship with One Credit Union, which is headquartered in Vermont, serves more than 18,000 members and manages more than $259 million in assets, as well as with Pennsylvania State Employees Credit Union (PSECU), one of the largest credit unions in the Keystone State with more than 545,000 members.
“Vehicle affordability is reshaping how consumers approach the car-buying decision, and leasing is one of the most effective answers for consumers concerned about their monthly payments. CULA president Ken Sopp said in a news release.
“We are proud to enter the Kansas market with Frontier Community Credit Union, and appreciate their dedication to helping their members find the best financial solutions for their needs,” Sopp continued. “We look forward to helping Kansans experience the flexibility and savings vehicle leasing delivers.”
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Kevin Joyce is vice president of lending and operations at Frontier Community Credit Union
“Our members are navigating one of the most challenging vehicle markets in recent memory, and we’re always looking for ways to help them into the car they need, at a payment they can manage,” Joyce said in the news release. “CULA’s turnkey leasing program does exactly that, while also providing the analytics, operational infrastructure and compliance expertise needed to seamlessly integrate leasing into our portfolio.”
In 2025, CULA said credit union members saved an average of $169 per month, compared to financing a similarly priced vehicle at the prevailing average loan rate, translating to an estimated $94.6 million in annual savings across credit union members.
“Leasing delivers a structurally lower monthly payment and, for members of Frontier, that difference can be real and immediate,” Sopp said. “We are proud to welcome Kansas to the growing list of states where credit unions are benefiting from CULA’s program.”
“With the assistance of our partners at Origence, we are excited to expand into Kansas and offer Frontier Community Credit Union’s leasing program through their CUDL dealer network,” Sopp added.
For more details about CULA, go to www.cula.com.