To help credit unions decrease loan losses by retailing repos to consumers

Purpose

1. To provide an alternative to selling repos at the auction, to wholesalers or independent car dealers for less than a credit union should receive.
2. To assist with the liquidation of repos from the time of repossession through the sale of the unit.
3. To provide members with a trusted pre-owned sales outlet with a large variety of certified autos for sale.

The Program

Member Auto Sales™ (MAS) is a division of Credit Union Acceptance Company, LLC (CUAC) formed in 2006.

CUAC’s Board recognized a need for an asset liquidation service for credit unions and the business plan for Member Auto Sales was developed in late 2005.

The MAS staff and management understand and embrace the credit union philosophy and are guided by its service principles.

MAS was developed to assist credit unions in reducing loan losses and to provide a retail outlet to sell repos.

Member Auto Sales was developed as a full service repo liquidation program to help credit unions minimize losses from direct and indirect auto loans. The program includes the following:

• Unit Transport and Secure Storage
• Unit Classification
• Unit Reconditioning
• Retail Unit Pricing Methodology
• Wholesale Unit Sales
• Financing and Back-end Products
• Advertising and Marketing