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Nebraska league teams with VINtek on ELT
PHILADELPHIA (7/28/10)--The Nebraska Credit Union League has partnered with VINtek, a provider of automotive collateral management and direct auto finance solutions for credit unions and banks, to provide electronic lien and title (ELT) services to the league’s members. Credit unions in Nebraska are preparing for a Jan. 1 deadline that mandates all automotive lenders in the state to move to the ELT process. ELT is an alternative to paper-based vehicle titles that enables credit unions to receive digital titles from their local department of motor vehicles. “By mandating ELT, the Nebraska state government enables financial institutions in the state to see immediate return on investment by alleviating storage and postage costs, and eliminating the expense of paper titles,” said Larry Highbloom, VINtek president.


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