Credit Union Leasing Of America

Credit Union Leasing of America (CULA) has been a pioneer in the indirect vehicle leasing industry for credit unions for over three decades. With our extensive experience and unparalleled expertise, we have been able to establish ourselves as a leading provider of indirect vehicle leasing services.

Our team comprises highly skilled professionals with a profound understanding of the credit union financial model. This knowledge has enabled us to foster long-term business relationships with top-tier credit unions. Our partners have consistently reported our program as not only a solid risk profile diversification but also as accretive to their overall ROI.

At CULA, we firmly believe that a company's success is largely dependent on its people. That is why we have assembled an extremely experienced and competent team. Our team's innovative mindset, growth-oriented approach, and customer-centric philosophy have been instrumental in driving our business forward.

Our History

CULA was established in 1988 with a clear vision to revolutionize the indirect vehicle leasing landscape for credit unions. Over the years, we have achieved numerous milestones that have helped us grow and expand our services.

In 1994, we developed the first indirect vehicle leasing program specifically designed for credit unions. This program was a groundbreaking initiative that opened up new opportunities for credit unions to improve their yield, diversify their portfolio, and deliver positive member experiences.

In 2000, we assisted the National Credit Union Administration (NCUA) in outlining the first credit union leasing standards. This collaboration was a testament to our commitment to compliance and our dedication to ensuring that our services align with the regulatory requirements of the industry.

In 2003, we launched the Seamless Leasing Connection technology, which significantly enhanced our ability to manage leases efficiently and effectively. This technology has been instrumental in streamlining our operations and providing our partners with real-time data and insights.

In 2013, we achieved a major milestone by originating 75,000 cumulative leases. This achievement was a reflection of our hard work, dedication, and commitment to delivering exceptional services to our partners.

In 2017, Westlake Financial Services acquired CULA, further strengthening our capabilities and expanding our reach in the market. This acquisition has enabled us to leverage Westlake's resources and expertise to enhance our services and better serve our partners.

In 2018, we achieved another significant milestone by originating 150,000 cumulative leases. This accomplishment is a testament to our continued growth and success in the indirect vehicle leasing industry.

Our Services

At CULA, we offer a comprehensive indirect vehicle leasing program that is designed to help credit unions improve their yield, diversify their portfolio, and deliver positive member experiences. Our program is built on a foundation of compliance, risk management, and expert analytics.

We manage the details from operations to remarketing, giving our partners' members a great experience and allowing them to focus on what they do best. Our team of quantitative analysts has over 60 years of combined experience in setting residual values, ensuring that our partners receive the best possible returns on their investments.

Our best-in-class support and comprehensive program make indirect vehicle leasing a win for credit unions, auto dealers, and credit union members alike. We believe in fostering long-term relationships with our partners and are committed to delivering exceptional services that meet their unique needs and goals.

Our Team

At CULA, we understand that our people are our greatest asset. That is why we have assembled a team of highly skilled professionals who share our vision and values. Our team comprises experts in various fields, including finance, risk management, analytics, and customer service.

We believe in innovation, growth, and customer orientation, and these principles guide our actions and decisions every day. Our team is dedicated to delivering exceptional services to our partners and ensuring that they receive the best possible experience.

If you have any questions about indirect vehicle leasing or would like to learn more about our services, please do not hesitate to contact us. We look forward to working with you and helping you achieve your goals.