HOUSTON –

Auto Financial Group — an online provider of innovative financing products including CarMark Auto Finance for credit unions and banks — has signed 14 new credit unions to their program since the start of the year, resulting in a reach increase of nearly 300,000 new consumers.

These new organizations include:

—WestStar Credit Union
—Dayton Firefighters FCU
—Horizons FCU
—Great Erie FCU
—Finger Lakes FCU
—St. Pius X Church FCU
—UNO FCU
—GHS FCU
—Alps FCU
—Sun Credit Union
—Bridgeton Onized FCU
—Members 1st of NJ CU
—Sound CU
—Park City CU

“The company is thrilled to partner with these credit unions, representing combined assets of over $2 billion across 10 states, from Alaska to Wisconsin,” AFG officials said.

Through program such as CarMark Auto Finance, AFG can provides institutions with a fully insured, residual-based, walk-away, balloon loan program.

Because of AFG’s software, financial institutions are able to secure higher-yielding loans with lower monthly payments for their consumers, mitigate residual value risk, and position themselves to take advantage of the record market increases in residual-value-based financing.