CUDL Enters into Agreement with GE Capital Fleet Services

EDEN PRAIRIE, MN - CUDL (), which administers the nation’s largest point-of-purchase and indirect auto-lending network for credit unions, announced it has entered into an agreement with GE Capital Fleet Services, one of the largest commercial wholesale remarketers in the country, to assist credit unions with the remarketing of repossessed assets.

GE’s remarketing services extends to credit unions the full benefit of GE’s relationships, expertise and results. By outsourcing the remarketing of repossessed assets to GE, credit unions can often achieve operational efficiencies, faster sales cycles and higher net sale prices for repossessed assets than is possible through their own internal remarketing efforts.

"We’re very pleased to be working with CUDL to deliver remarketing services to credit unions,” said Paul Seger, GE Capital Fleet Services’ vice president of Asset Remarketing, “this is a unique opportunity both for GE and for the credit unions we serve.”

“GE will bring added value to our clients by providing innovative remarketing services that will benefit the entire industry,” said Jerry Neemann, executive vice president of CUDL. “This alliance will provide our credit unions with the unmatched overall industry experience and expertise of GE to help credit unions maximize vehicle values.”