CU Lending Solutions LLC Appoints New VP of Business Development

CU Lending Solutions new New VP of Business Development eager to embark on company vision to become a highly respected lending solutions company to the credit union industry that assists in developing professionals with the personal dedication, ethics, and capabilities needed to succeed in non-prime auto dealer finance.

Irvine, CA, May 18, 2007 --( CU Lending Solutions LLC announced today that Debra Seabern, a skilled professional in indirect auto lending and dealer marketing, has joined the firm as Vice President of Business Development. With more than 12 years of credit operations, dealer marketing and hands-on lending experience, Ms. Seabern will use her indirect lending and marketing background to implement marketing strategies and programs to our credit unions.

“Debra’s extensive experience and understanding of the indirect auto lending market in credit operations and marketing solutions, are vital to the firm’s success in serving the credit union industry,” said Frank Mercer, President at CU Lending Solutions. “Her demonstrated ability to implement profitable marketing for indirect lending will further strengthen our ability to provide a wide spectrum of services to our clients.”

“Becoming part of such an innovative team of professionals whose primary focus is to serve is important to me, and I am confident that my ability to implement profitable marketing programs will be an asset to CU Lending Solutions and its credit union client base,” said Ms. Seabern.

Debra has a proven track record of credit operations and dealer marketing within the indirect auto lending industry. Most recently, Debra was a Credit Officer at ACC Consumer Finance, where she was instrumental in developing indirect sub-prime loans for credit unions. Prior to her tenure at ACC Consumer Finance, Debra was with Household Auto Finance (now HSBC Auto Finance) where she was the Marketing Manager with responsibility for developing and implementing new marketing programs for HAF’s 10,000 plus franchised dealers. Through her inside sales techniques, Debra was directly responsible for the purchase of more than $5 M of new monthly indirect non-prime auto installment contracts.

CU Lending Solutions provides a proprietary prime and non-prime indirect lending program to credit unions nationally to rapidly solve their desire to grow their membership base by providing financing for the underserved auto loan customer in their respective areas. The company's goal is to educate and train credit union consumer lending employees to better understand the non-prime indirect auto loan process with the emphasis on quality and not quantity. Bringing together a management team, with more than 75 years of combined consumer lending experience of which more than 50 years is at the senior and executive management levels, CU Lending Solutions indirect lending program will provide each credit union partner with loan originations, collections and risk management training.

CU Lending Solutions LLC
Frank Mercer