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CUDL signs agreement with Capital Fleet Services
ONTARIO, Calif. (11/25/09)--CUDL has partnered with GE Capital Fleet Services to help credit unions remarket repossessed assets. Under the agreement, credit unions can access the Remarketing by GE program, which helps credit unions manage their repossessed vehicles, streamline asset recovery and improve returns on vehicles at auto auctions. Outsourcing the remarketing of repossessed assets can help credit unions improve operational efficiency, have a faster sales cycle and receive higher net sale prices for repossessed vehicles than with their own internal marketing, the companies said in a release. GE Capital Fleet is a commercial wholesale remarketer based in Eden Prairie, Minn. CUDL, based in Ontario, Calif., provides auto lending services for the credit union industry.


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