Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
VINtek reaches 1000th customer milestone
PHILADELPHIA (6/29/10)--VINtek has signed its 1,000th customer, said the provider of automotive collateral management and electronic lien and title (ELT) services for automotive finance lenders, including credit unions. VINtek continues to add multiple clients a day across all its lines of businesses, the Philadelphia-based company said. Driving the growth is its ELT solution, VintekTIME. The solution enables lienholders to receive electronic titles, instead of paper titles, from a state Department of Motor Vehicles. The use of electronic vehicle titles is expanding in the U.S. Fifteen states have implemented an ELT program, with four state legislatures mandating that lenders use the electronic title process. VINtek customers range from small credit unions and buy-here-pay-here dealerships, to to-tier banks. Four of the top five U.S. banks and the world's largest credit union use VINtek for automotive collateral needs. "VINtek's ELT solution has taken market share because it is easy to use, reliable and incorporates the latest in data security and maintenance standards," said VINtek President Larry Highbloom. "We have never lost an ELT record or had to resend previously sent data files. We continually enhance products to keep our customers on the leading edge of lending technology so that they remind the number one vehicle financing source for their customers and members."


RSS





print
News Now LiveWire
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
11 hours ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
12 hours ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
14 hours ago
Who's most adept at saving these days? The middle class, says @Bankrate http://t.co/zVi7typdVU
15 hours ago
.@OregonCCU donates $20K in Sprint program monies to @CMNHospitals @CU4Kids via @NWCUA http://t.co/0wTAH5NTNI
15 hours ago