The addition of these two credit unions brings a combined $1.07 billion in assets to the network, extending the program’s availability to over 2 million potential members across two states. Wauna Credit Union CEO Robert Blumberg noted that the partnership allows the institution to offer its new Drive & Save program, aimed at lowering monthly costs for members who might otherwise be forced into extended, high-interest loan terms.

Auto Financial Group CEO Richard Epley emphasized that current market conditions, characterized by 84-month loan terms and record-high payments, are driving financial institutions toward residual-based financing. Unlike traditional long-term loans, the balloon lending model provides members the flexibility to surrender the vehicle at the end of the term rather than settling a final payment. The company continues to position these products as a way to maintain higher loan yields for lenders while providing a more manageable path to vehicle ownership for buyers.