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CUDL Manheim roll out MAFS Advantage program

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RANCHO CUCAMONGA, Calif. (11/24/08)--CUDL, which provides a point-of-sale and indirect lending network for credit unions, announced that it has partnered with Manheim Automotive Financial Services (MAFS) to offer the MAFS Advantage program. The program, developed specifically for credit unions, connects them with 15,000 independent dealers that MAFS serves nationwide. It provides real-time access to dealers’ financial performance at vehicle auctions and offers services such as inventory financing, wholesalers and rental dealers, insurance services and a receivables funding program. MAFS Advantage already has been rolled out in California, North Carolina, Utah, Washington and Oregon. CUDL plans to expand the program through 2009. Manheim is a provider of vehicle remarketing services.