ATLANTA–CRIF Select, a division of CRIF Lending Solutions, has acquired the operations of the Credit Union Auto Loan Network (CUALN).
CUALN is a collaboration of 17 local credit unions and hundreds of local auto dealerships in Maryland and Virginia providing point-of-sale financing at those dealerships.
"CRIF Select has been an excellent partner for CUALN for many years, and we are pleased to have them now serve our member credit unions directly," said Chris Conway, president/CEO of Greenbelt, Md.-based Educational Systems Federal Credit Union.
CRIF Select specializes in indirect auto lending partner programs.
"Indirect lending competition in the Maryland and Virginia markets continues to be very strong," said Jeremy Engbrecht, president of CRIF Select. “With this acquisition, we look forward to helping CUALN’s member institutions leverage our expertise, services and technology to further enhance their successful programs.”