News

VANCOUVER, December 9, 2020 – AFG Canada announced today that Noventis Credit Union Ltd, a financial institution based in Manitoba, has signed on to AFG Canada’s Leasing Program. The partnership with Noventis further reinforces AFG’s mission to expand into new markets in Canada to meet the rising consumer demand for residual based financing, otherwise known as leasing.

AFG’s Program will be available to Noventis’s member base of over 26,000. The AFG program allows Noventis to provide leasing options to their members looking to lease both new and used vehicles. AFG manages the residual value risk and the vehicle turn-in process, making the leasing experience more convenient for members.

“The AFG Leasing Program will provide additional vehicle options to enhance our lending portfolio – it’s an innovative way to expand our offer at Noventis Credit Union,” said Kevin McKnight, CEO at Noventis.

“We welcome Noventis to the AFG Canada family and look forward to contributing to their success and exceeding their expectations with AFG’s superior customer service,” said Richard Epley, CEO of AFG Canada. To learn more about AFG Canada’s Leasing Program, please visit www.afgcanada.ca.

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 About AFG Canada

AFG Canada provides an innovative, turnkey indirect leasing program which is easily understood by credit union staff and members. AFG Canada’s program is designed specifically to help credit unions differentiate themselves in the financial services marketplace and create a new source of revenue. An AFG Canada lease is very consumer friendly and will help participating credit unions retain existing members and attract new ones. The program is customized for each individual credit union regardless of size. For more information about AFG Canada call toll free at 888-486-1278, or visit www.afgcanada.ca.

About Noventis Credit Union

Noventis is a member-owned financial institution committed to providing quality financial services and support to its members and communities in the Interlake and southwestern Manitoba. Noventis takes pride in building relationships with its members to meet their financial goals. The credit union serves over 26,000 members through digital channels and 12 branch locations. To learn more about Noventis, click here: https://noventis.ca/

VANCOUVER, September 17, 2019 – AFG Canada announced today that CUA, a full-service banking institution based in Halifax, Nova Scotia, has signed on to AFG Canada’s Leasing Program. The partnership with CUA further reinforces AFG’s mission to expand into new markets in Canada to meet the rising consumer demand for residual based financing, otherwise known as leasing. AFG’s Program will be available to CUA’s member base of over 20,000.

“We are excited to partner with AFG to provide this new leasing product for Nova Scotians,” said Marie Mullally, CUA’s President and CEO. “It complements our existing range of flexible banking products and services and we’re looking forward to providing members with additional competitive options when they consider a new vehicle.”

The AFG program allows CUA to provide leasing options to their members looking to purchase new and used vehicles. The new product builds on CUA’s 70-year history of helping everyday people get ahead with flexible products, personalized service and quick decisions. AFG manages the residual value risk and the vehicle turn-in process, making the leasing experience more convenient for members.

“We welcome CUA to the AFG Canada family and look forward to contributing to their success and exceeding their expectations with AFG’s superior customer service,” said Richard Epley, CEO of AFG Canada. To learn more about AFG Canada’s Leasing Program, please visit www.afgcanada.ca.

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About AFG Canada

AFG Canada provides an innovative, turnkey indirect leasing program which is easily understood by credit union staff and members. AFG Canada’s program is designed specifically to help credit unions differentiate themselves in the financial services marketplace and create a new source of revenue. An AFG Canada lease is very consumer friendly and will help participating credit unions retain existing members and attract new ones. The program is customized for each individual credit union regardless of size. For more information about AFG Canada call toll free at 888-486-1278, or visit www.afgcanada.ca.

About CUA

Based in Halifax, Nova Scotia, CUA is a full-service banking institution serving 20,000 members with flexible products, personalized service and quick decisions. CUA has eight branches spanning from Tantallon to Cole Harbour, as well as a Wealth Management Services Division, Commercial Banking Centre and a dedicated Customer Contact Centre. For more information, visit cua.com.

HOUSTON, August 9, 2018 – Auto Financial Group announced today that it completed the acquisition of Credit Union Leasing Administration of Canada Ltd. on August 1. CUL Administration of Canada provides a turnkey program to Canadian credit unions to enable them to participate in consumer and commercial automobile leasing. Peter Birks, President of CUL Administration of Canada, will continue to run operations as the company integrates with Auto Financial Group.

AFG’s growth into new markets demonstrates its commitment to financial institutions across the United States and Canada to meet the rising consumer demand for residual based financing.

“We are excited to welcome CUL Administration of Canada to the AFG team and look forward to their contributions,” said Richard Epley, Chief Executive Officer of Auto Financial Group. “The acquisition is perfectly aligned with Auto Financial Group’s mission to provide innovative, revenue producing programs to financial institutions and will position the company for continued growth and success in the future.”

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About Auto Financial Group

Auto Financial Group (AFG), a Houston-based company, provides an online, residual based, walk-away vehicle financing product called AFG Balloon Lending, as well as vehicle leasing and vehicle remarketing to financial institutions across the United States.

AFG’s residual based financing solutions provide the advantages of lower payments, flexible terms, in the case of the balloon loan, actual ownership of the vehicle and several end-of-term options, including the option to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive residual based financing alternative, and AFG manages the entire end-of-term process.

The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest number of buyers.

For more information about AFG call toll free at 877-354-4234, or visit www.autofinancialgroup.com

CONTACT US

Address:
6380 Chelmsford Street
Richmond, BC V7C 5E1

Toll-free Numbers:
Program Information: 888-486-1278
Lease Return Assistance: 877-354-4234, Option #2

Email:
Program Information: info@afgcanada.ca
Lease Return Assistance: caleaseoptions@afgcanada.ca