CarSaver, the leading automotive e-commerce marketplace and fintech platform announced today at the CMFG Ventures Fintech Summit that EECU, a $3.6 billion credit union institution with 16 financial centers across Dallas/Fort Worth (DFW), has joined CarSaver’s industry-first Marketplace and Automated Upgrade Platform. CarSaver’s e-commerce platform is built to help auto lenders increase member satisfaction, loan retention, and dealer satisfaction and enables members to buy, finance, and insure new and used cars entirely online.
EECU members will save time and money on their purchases and have access to new and used vehicles. CarSaver’s Automated Upgrades will make it easy for members to change cars before they change tires, avoiding costly repairs in the later years of the vehicle’s life. CarSaver’s proprietary automated upgrade platform identifies members with an auto loan who qualify to upgrade to a new car for a lower monthly payment and then links them to a personal portal where they can see their upgrade options. With a click of a button, they can complete the entire transaction online and have the car delivered directly to their home or picked up at a local certified dealer.
“We are proud to welcome EECU to our network and provide their members and dealer partners a faster, friendlier personalized car buying experience that will save them time and money. EECU has thousands of members who qualify to upgrade their car to a new one and lower their payment,” said Chad Collier, co-founder, and CEO of CarSaver. “We’ve been impressed with EECU’s commitment to their members, dealer partners, and the DFW community and are excited to partner with them to make car buying fun and easy.”
“Our partnership with CarSaver demonstrates our commitment to delivering a faster, friendlier personalized experience that truly reflects the EECU difference,” said Matt Kaudy, Chief Growth and Strategy Officer of EECU. “CarSaver’s best-in-class technology combined with EECU’s low rates makes the car buying experience fast and easy for our members and saves them time and money while helping our dealer partners sell more cars and take more trade-ins. This is a big win for the DFW community.”
EU’s partnership with CarSaver comes on the heels of another partnership announced earlier this year between the automotive e-commerce platform and CUNA Mutual Group. CMFG Ventures, the venture capital arm of CUNA Mutual Group, also invested substantial funds to fuel CarSaver’s growth as a result of the partnership.
The marketplace will be available on EECU.org and will include all the top brands of new and used cars available from local certified dealer partners. Members eligible for the upgrade will receive a notification via email and instructions to visit their personalized portal to see their upgrade offers.