In late December, Origence and Tesla announced a partnership to offer credit union financing to electric-vehicle buyers through the Tesla website.

Origence sees this partnership as provide Tesla buyers who are seeking affordable monthly payments with more options through credit union financing.

By making credit union financing available at the point of purchase, Origence said EV buyers will have easy access to competitive rates and extended financing terms — both important factors in providing consumers with options to lower their monthly payments.

Consumers shopping for Tesla vehicles are provided financing options when reserving or purchasing a Model Y, Model 3, Model X, Model S, or Cybertruck vehicle through Tesla’s website or mobile app.

Origence will leverage its new licensed subsidiary, FI Connect, to purchase and place retail contracts with partner credit unions nationwide.

When a consumer finances their vehicle through FI Connect on the Tesla website, the contract will be purchased and serviced by a credit union.

“Tesla is making their cars more affordable for credit union members with price adjustments,” Origence president and CEO Tony Boutelle said in a news release. “With FI Connect and Tesla coming together, EV buyers can receive affordable financing through credit unions.”

To learn how credit unions can become an FI Connect partner and expand their EV lending channels, visit