Critical Shifts:
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CULA’s Market Expansion: This partnership marks Credit Union Leasing of America’s official entry into the Kansas market. With this addition, CULA now supports vehicle leasing in 35 states through a network of more than 40 credit union partners.
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Addressing Vehicle Affordability: The collaboration is specifically designed to combat the rising costs of vehicle ownership. By offering indirect leasing solutions, Frontier Community Credit Union can provide its 18,000+ members with lower monthly payment options compared to traditional financing in a challenging market.
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Turnkey Integration: Frontier Community Credit Union will utilize CULA’s full-service leasing program, which includes necessary infrastructure such as analytics, compliance expertise, and operational support. This allows the credit union to seamlessly add leasing to its portfolio while maintaining its focus on member financial education.
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Credit Union Leasing of America (CULA), a national provider of indirect vehicle leasing solutions, announced a partnership with Frontier Community Credit Union, a Kansas-based credit union serving more than 18,000 members and managing over $204 million in assets. This marks CULA’s entry into Kansas, further extending the company’s growing national footprint. CULA now supports vehicle leasing in 35 states through more than 40 credit union partners.
“Vehicle affordability is reshaping how consumers approach the car-buying decision, and leasing is one of the most effective answers for consumers concerned about their monthly payments. We are proud to enter the Kansas market with Frontier Community Credit Union and appreciate their dedication to helping their members find the best financial solutions for their needs,” said Ken Sopp, President of CULA. “We look forward to helping Kansans experience the flexibility and savings vehicle leasing delivers.”
Frontier Community Credit Union has built a strong reputation for providing members with accessible, cost-effective financial products and the education to make the most of them. The addition of vehicle leasing through CULA gives Frontier a competitive new tool to address one of its members’ most pressing needs – the rising cost of vehicle ownership.
“Our members are navigating one of the most challenging vehicle markets in recent memory, and we’re always looking for ways to help them into the car they need, at a payment they can manage,” said Kevin Joyce, vice president of lending and operations at Frontier Community Credit Union. “CULA’s turnkey leasing program does exactly that, while also providing the analytics, operational infrastructure and compliance expertise needed to seamlessly integrate leasing into our portfolio.”
