DENVER, July 22, 2009 — Access Capital Investment Group (ACIG) has released AXS|RDS, an online system that promises to bring credit unions the highest-quality Auto Loan Participation product yet. In late 2008, ACIG began the process by structuring an $80 million loan participation transaction between Security Service Federal Credit Union (SSFCU) and three purchasing credit unions. The transaction marked the beginning of a venture created to provide market-efficient pricing coupled with tools to organize due diligence and ease the burden of ongoing participation-portfolio management.
“A number of brokers have approached SSFCU with the promise of providing the best price for our auto loan portfolios,” says Keith Sultemeier, CFO of Security Service. “We feel that their process can provide greater transparency for both buyers and sellers. ACIG’s platform is an excellent tool for enabling market efficiency and better transactions.”
Lewis Cohen, VP of Finance from American Airlines Federal Credit Union, one of three buyers in the transaction, noted, “Working with ACIG provided us with a simple transaction and access to a portfolio from one of the premier auto lending credit unions in the country.”
The system will enable credit unions of all sizes to safely access and manage Loan Participations offered by the industry’s elite institutions. To learn more about AXS|RDS or register for a free tour, prospective users can go to .
Access Capital Investment Group (ACIG) was formed in 2000, and in early 2003 the firm was reorganized to specialize in creating secondary-market opportunities for credit unions and other middle-market financial institutions. ACIG targets financial institutions that require portfolio management services for their prime and non-prime auto finance portfolios. Through its course, ACIG successfully facilitated over $1 billion in portfolio sales and acquisitions among hundreds of financial institutions throughout the country.
For information, please contact:
Matt Gregarek
1423 South Pearl Street
Denver, CO 80210
720.961.4073
http://www.acinvest.com
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