Wednesday, Jul. 11, 2007, 08:00 PM UPDATED 11:59 AMBy Nick Zulovich
ENGLEWOOD, Calif. — Aimbridge Lending Solutions announced that one of its divisions, Denver-based Automotive Avenues, has teamed up with the Colorado State Employees Credit Union. The partnership is designed to continue the expansion of CSECU's auto lending program.
"Automotive Avenues combines the knowledge and experience of two decades in the credit union industry with forward-looking innovative services such as Web-based inventories," explained Doug Schneider, vice president of marketing for CSECU.
"Its automotive offerings and non-commissioned sales team have a top-notch reputation in the industry," he added. "It provides quality vehicles at a very competitive price and superior service. We are proud to offer the dealership to our members and look forward to further increasing our loan offerings through the dealership."
Despite declining loan volume throughout most of Colorado, officials pointed out that CSECU continues to increase its lending through "persistence in marketing and enhanced member services, such as its partnership with Automotive Avenues."
The credit union has a vehicle portfolio of $336 million, which is half of its entire lending volume, executives reported.
"Being selected as the dealership of choice for a thriving credit union such as Colorado State Employees Credit Union is very exciting for us," said Bill Green, president of Automotive Avenues.
"Our controlled loan production and superior member service can play a vital role in continuing to improve already impressive lending returns," he concluded.
For more information on Automotive Avenues and Aimbridge, visit and , respectively.