FI CONNECT FUNDS $1 BILLION IN LOANS ITS INAUGURAL YEAR

Irvine, California, April 02, 2025 (GLOBE NEWSWIRE) -- Origence, the leading credit union lending technology company in the U.S., announced its subsidiary, FI Connect, funded $1 billion in Tesla purchases in its first year of operations. FI Connect offers credit union financing options to national retailers, providing borrowers with affordable solutions with embedded financing. In its inaugural year, the company enabled embedded financing opportunities for 34 credit unions, processing 24,839 total loans and creating 23,833 new credit union members.

FI Connect initially launched in partnership with Tesla, providing credit union financing to EV buyers directly through the Tesla website, and has plans for expansion to other retailers in 2025. By providing financing at the point of purchase, buyers gain easy access to competitive rates and flexible terms. This collaboration allows credit unions to take advantage of a fast-growing market, offering loans to their existing members while expanding their reach to new members. The retailer benefits from working with a single partner, FI Connect, which manages the purchase and placement of retail contracts with credit unions nationwide, ensuring a seamless, frictionless car-buying experience. FI Connect is currently ...

https://www.benzinga.com/pressreleases/25/04/g44602378/fi-connect-funds-1-billion-in-loans-its-inaugural-year