1st Community FCU has participated in credit challenged automobile
lending since September 2002. We currently have $23 million in the
loan program.
George Sweet
Executive Vice President Lending

By providing financial institutions a way to confidently approve
borderline loans, lenders now have a powerful way to expand
their loan portfolios while minimizing exposure.
Steve Martin
Former Director Of LP for CUNA Mutual

Lenders Protection

Lenders Protection is a risk management program with default insurance coverage allowing approval for near/non prime automobile loans. Lenders Protection allows credit unions to customize their specific credit union costs and desired ROA while utilizing the Lenders Protection pricing engine.

Over $1.5 Billion in loans originated since 2004

Consistent net yields up to 2% or more

Served over 150 Lenders

- FICO's down to 580
- Extended terms to 72 months
- Loan-To-Value up to 125% plus backend products

Lenders Protection integrates with Teres Solutions SAIL - August 8, 2006

Teres Solutions(TM), Inc., a leading provider of direct and indirect lending software to credit unions and financial institutions, today announced that it has integrated its SAIL(R) Indirect software with Lenders Protection(TM), a service from CUNA Mutual Group that insures credit unions against loan default.