Earn New Revenue And New Auto Loans

By allowing members to conduct their own auto auctions on the credit union's Web site, you can earn new revenue and generate new auto loans, all while offering a value-added benefit of membership.

TitleAuctions collects the posting fees from your members via secure credit card transaction, and you earn revenue from every member vehicle posted.

As importantly, at each step in the registration and bidding process you can direct both sellers and buyers to your online auto loan application, incrementally boosting new auto loan revenue, as well.

Finally, experience shows that your vehicle auction page will quickly become the second-highest trafficked page on your credit union's Web site, boosting your ability to communicate with members, and reinforcing member loyalty to your credit union.

Credit unions using member-to-member auctions enjoy the following benefits:

  • New product revenue
  • New auto loan revenue
  • Reinforced member loyalty
  • Increased Web site traffic
  • Additional opportunities to communicate with members

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"So far our membership seems to like Member Auctions, and we're writing some new loans as a result."

Woody Woodruff
University of Utah Federal Credit Union

"Member response has been very good."

Dora Vogel
NSWC Federal Credit Union