IMAC announces a new partnership with National Auto Loan Network (NALN). NALN has proven systems and processes for identifying and converting suitable participating auto loan refinancing opportunities at scale.
Here’s a quick look at the programs available for select credit unions:
Liquidity
If you are near or at capacity on loans-to-assets, we will buy a 90% participation in your auto loan portfolio (minimum $50 million / no maximum). This provides you quick and robust liquidity on your balance sheet.
Forward Flow
Here, NALN produces near-prime auto refinancing at a very attractive yield. From the broad market, we identify consumers to refinance participating loans. We do all the work. You receive new loans and new members for your credit union. We even board the loans onto your loan system. You provide the capital and earn a high yield (estimated at 6-7%) as part of this diversified national auto portfolio.
Participation
For state or regional credit unions that cannot take a national portfolio, you would invest in an auto portfolio with a sponsoring credit union that would buy the extra flow. Under this arrangement, you would keep 90% of the flow and correspondingly 90% of the income. This program requires a minimum of $1 million per month.
Helping provide the right program for your credit union
IMAC provides a high level of expertise with insurance and other financial service programs. Our goal is not to sell you any program, but that you choose the program that is right for you.
Contact us today to learn more details about these programs!