Case Study: U-First Community Federal Credit Union adds $450K in auto loans with Spireon GoldStar

U-First Community Federal Credit Union - Customer Case Study

U-First Community Federal Credit Union, a small New Mexico credit union serving about 1,000 members, wanted to do more for members with challenged credit histories. Before working with Spireon, many of these borrowers could not qualify for auto financing because of lingering issues on their credit reports.

Spireon’s GoldStar GPS solution gave U-First Community FCU a way to secure collateral and confidently lend to subprime borrowers. As a result, the credit union added about $450,000 in loans that would not otherwise have existed, with roughly 38% of its portfolio now made up of subprime credit holders and stronger member retention as borrowers returned for additional loans.

U-First Community Federal Credit Union

Theresa Quinonez

Manager