Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Connexus CU Acquires FILO
WAUSAU, Wis. (10/3/13)--Connexus CU, Wausau, Wis., has acquired Mukwonago, Wis.-based, Financial Institution Lending Options (FILO), a company that provides financial institutions with auto loans through pool sales, participation pools or whole loan flow sales.
 
"We plan to leverage the combined talents of FILO and Connexus to expand the FILO program to more credit unions in other states," said J. David Christenson, Connexus CU president/CEO.
 
In its 12-year history, FILO has made more than $1 billion of auto loans, financed from its 400-plus dealer network.
 
Connexus provides FILO a terrific opportunity to further increase and build on our growth in the auto finance market," said Jerry Briggs, FILO president/CEO. "This transaction strengthens our company, which positions us to further benefit our clients."


RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
10 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
10 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
13 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
15 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
16 hours ago