Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, signed up four new credit unions to its program during the first quarter.

Now using its Walk-Away Balloon Lending Program are Advantage Federal Credit Union, Ancorum Credit Union, Gulf Coast Federal Credit Union, and Pacific Streamliner Federal Credit Union.

AFG highlighted the four credit unions represent combined assets of nearly $950 million, increasing its potential customer portfolio by more than 2 million consumers across four states.

Auto Financial Group CEO Richard Epley said in a news release, “With nearly one in five borrowers now facing monthly vehicle payments above $1,000 and negative equity continuing to impact a significant portion of the market, credit unions are playing an increasingly important role in helping members access vehicles with payments that better fit their budgets, and AFG is proud to support that effort with each new partnership.”

Leslie Brown is branch manager at Gulf Coast FCU.

“At Gulf Coast Federal Credit Union, our focus is on empowering members to make sound financial choices,” Brown said in the news release. “Through our partnership with AFG and their residual based financing program, we can offer an affordable, flexible option that helps members obtain the vehicles they need.

“This program reduces the burden of traditional financing and supports our members as they contend with rising vehicle costs and interest rates. It’s a forward-thinking solution built around real member needs,” Brown went on to say.

To learn more about AFG’s programs, go to https://www.autofinancialgroup.com/products.