Open Lending Honored to be a Supporter at PendFed Foundation's Night of Heroes Gala

AUSTIN, TEXAS – May 2, 2018 – Open Lending, LLC, is honored to announce it will be supporting the Pentagon Federal Credit Union (PenFed) Foundations’ 14th Annual Night of Heroes Gala alongside countless sponsoring companies and individuals. The 2018 Night of Heroes Gala will be held Wednesday, May 2, 2018, at the Mandarin Oriental Hotel in Washington, D.C.


The event celebrates those who have served. In addition, the event recognizes outstanding individuals and organizations for their contributions to veterans, military personnel, and related causes.


“The PenFed Gala is a remarkable event. We are honored to participate with the other sponsors in support of our nation’s defenders who work selflessly to ensure our freedom. It is incredible to witness the stories from honorees and to see such an outpouring of support for these heroes,” stated John Flynn, President, Chief Executive Officer, and Co-Founder of Open Lending, LLC.


Open Lending has committed its support for the third consecutive year, joining at the “FREEDOM FIGHTER” sponsorship level for 2018. The PenFed Foundation’s Night of Heroes Gala raises on average well over $1 Million in a single evening from the countless companies and individuals who contribute. All proceeds go towards supporting more than 35,000 veterans each year.


The 2018 PenFed Night of Heroes Honorees include the following individuals. The Community Honoree is Tony La Russa with Animal Rescue Foundation, Pets and Vets. The Corporate Honorees are Pete Hilger, CEO of Allied Solutions, and Debbie Hilger. The Military Honoree is U.S. Army Master Sgt. (Ret.) Cedric King.


The PenFed Foundation is affiliated with PenFed Credit Union (PFCU). PFCU has been a part of Open Lending’s Lenders Protection Program for the past three years. Through the Lenders Protection Program, financial institutions leverage powerful tools and customized analytics to underwrite direct and/or indirect automotive loan approval decisions in seconds. For more information about the 2018 Night of Heroes Gala, please visit www.pentagonfoundation.org


ABOUT OPEN LENDING, LLC

Founded in 2000, Open Lending, LLC works exclusively with automotive lenders by providing loan analytics, risk-based pricing, risk modeling and automated decision technology. Based in Austin, Texas, the company services over 365 financial institutions nationwide. Through its proprietary technology, the Lenders Protection Program, financial institutions leverage powerful tools and customized analytics to underwrite direct and/or indirect loan approval decisions in seconds. Lenders are empowered to increase near and non-prime automotive loan volumes and yields with the protection of “A” rated insurance carriers, preventing additional risk to their loan portfolio. Lenders Protection, LLC is a wholly owned subsidiary of Open Lending, LLC.


ABOUT PENFED FOUNDATION

Founded in 2001, the PenFed Foundation is a national nonprofit organization committed to helping members of our military community secure their financial future. It provides service members, veterans, their families and support networks with the skills and resources they need to improve their lives through programs on financial education, credit-building, home ownership, and short-term assistance. Affiliated with PenFed Credit Union, the foundation has the resources to effectively reach military communities across the nation, build strong partnerships, and engage a dedicated corps of volunteers in its mission. To learn more about the PenFed Foundation and see a short video about its mission, please visit www.pentagonfoundation.com

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