MCLEAN, Va.–Rate Reset, a provider of Loan Reset, Acquisition and Retention Software, said that UniWyo Federal Credit Union has agreed to license its LoanGEN and Rate Reset software for auto loans. UniWyo Federal Credit Union in Laramie, Wyo., has more than 24,000 members and $275 million in assets. The agreement with Rate Reset provides UniWyo Federal Credit Union with a simple, easy and attractive digital solution to generate and retain more loans, the company said.
According to Rate Reset, LoanGEN is a web‐based automated loan acquisition tool that allows credit unions to acquire existing auto loans from other financial institutions. “The opportunity for the credit union is to generate auto loan leads with a powerful tool designed to increase the credit union’s loan portfolio,” the company said. “For credit union members, the partnership provides a simple and convenient way to shop, switch, and save on their auto loans, online or mobile. Rate Reset for Auto loans enables a member to reset their loan without the cost and hassle of refinancing. For the credit union, Rate Reset automates loan retention so the credit union can focus on generating new business.”
“UniWyo Federal Credit Union strives to be a trusted financial advisor to our members.” said Larry Knopp, President and CEO of UniWyo Federal Credit Union. “A product that allows our members to customize an auto loan to meet their individual financial need contributes to building that trust. We are pleased to offer the Rate Reset products to our members.”