ST. LOUIS–Enterprise Car Sales reported it generated close to $500 million in loan volume to nearly 28,000 credit union members during 2015.
Enterprise Car Sales is a service of Enterprise Rent-A-Car, the largest car rental brand in North America, and has a strong track record of collaborating with credit unions of all sizes to increase auto loans.
According to the company, credit union members appreciate Enterprise's car-buying experience, which includes haggle-free pricing. That approach allows the Enterprise sales team to focus on the customer experience and the exceptional service that is a hallmark of the Enterprise brand. The company said.
"Enterprise's integrity in sales and service has made them a great partner for us," said Darin Woinarowicz, CEO of Arrowhead Credit Union in Southern California. "Our team looks forward to referring our members to Enterprise because we know they are going to have a great experience – it's a great way to do business."
Enterprise Car Sales said it is further supporting growth by CUs in auto lending through tailored used-vehicle buying programs that create opportunities for credit unions to increase their used-auto loan portfolio and optimize member loyalty. In fact, Enterprise Car Sales said it has helped generate almost $10 billion in loan volume during the last 30 years with more than a thousand credit union partners nationwide.
"We are very appreciative of the mutually beneficial relationships we have built with credit unions in our local communities," said Beth Wheeler, Corporate Director of Business Development at Enterprise Car Sales. "We gain increased exposure to new customers through their referrals, and in return, we refer their members back to them for financing. With more consumers turning to credit unions for their auto loans, we expect these partnerships to continue to flourish in the coming year."