PassTime Announces Webinar is Response to Just-Released Trans Union Survey

For Immediate Release

LITTLETON, CO – August 7, 2012 –  Approximately two in three credit union executives see loan growth as the critical business issue facing their industry in 2013, according to a new survey from TransUnion. Auto loans may be the main focus of that growth.

The survey found that more than half of credit union respondents believe auto loans are their biggest opportunity.

TransUnion administered the survey to 104 credit union executives at the CUNA Governmental Affairs Conference in Washington, D.C., in late February. Nearly all respondents from across the U.S. were board members, executives or in managerial roles at their credit union.

In response, PassTime, a Littleton, Colorado provider of GPS-based Automated Collections Technology has announced a webinar to help credit unions learn more about ways to grow their auto loan portfolios. The webinar will be held on April 30, 2013 at 11am EDT.

The cornerstone of managing auto lending risk—both prime and subprime—is protecting collateral. Using GPS-enabled devices signals when payments are due.  These reminders have helped credit unions grow their loan portfolios and reduced delinquencies and charge-offs for credit unions using them. The device also makes it easier to find and repossess vehicles if necessary.

During the webinar credit unions managers can expect to learn:

• What is Automated Collections Technology and who is using it?
• First Time Buyer Programs – New members and new loans
• Fresh Start Loans – Helping members and creating opportunities
• Using GPS Technology for Loan Modifications

CEOS, Lending Vice Presidents and Collections Manager should all attend.

For more information about PassTime and attending the webinar, please call Paulette Rodriguez at 303-623-5339 or email prodriguez@passtimeusa.com or visit www.passtimeusa.com.

About PassTime