Octane Partners with Georgia's Own Credit Union for Enhanced Powersports Financing Solutions
In an exciting development for powersports enthusiasts, Octane Lending, Inc. has announced a forward-flow partnership with Georgia's Own Credit Union. This collaboration aims to streamline the financing experience for customers looking to purchase powersports vehicles. The fintech company, known for revolutionizing recreational buying processes, has positioned itself as a key player in the financial services sector.
Under the terms of this partnership, Georgia's Own will purchase high-quality, fixed-rate installment loans originated by Octane's in-house lender, Roadrunner Financial, provided these are in line with their established risk criteria. Borrowers enjoy the benefit of becoming members of Georgia's Own at the time they secure financing, ensuring a smooth and secure digital process powered by Octane's advanced technology.
Steven Fernald, President and Chief Financial Officer at Octane, expressed enthusiasm about the partnership. He highlighted how this collaboration can significantly enhance the financing experience for consumers, particularly those deeply passionate about powersports. By utilizing cutting-edge technology, Octane aims to simplify the borrowing process, making it not only efficient but also timely and straightforward.
As Octane continues to expand its footprint, the partnership with Georgia's Own is crucial for diversifying its capital base and boosting overall growth. In fact, Octane's swift progress led to surpassing $5 billion in aggregate loan originations just last September, marking a significant milestone in their ongoing growth trajectory.
Christin Hewitt, Chief Financial Officer at Georgia's Own, echoed this sentiment, remarking on the seamless nature of their partnership with Octane. Serving over 240,000 members throughout Georgia, the credit union now has the opportunity to enhance its financial portfolio with these quality assets while simultaneously welcoming new members. This unique synergy not only strengthens Georgia's Own’s offerings but also allows them to provide a comprehensive suite of personal and business financial services to their members.
Founded in 2014, Octane has transformed the landscape for recreational purchases, empowering consumers to engage with their passions through seamless financing solutions. The company integrates advanced digital tools and innovative risk management strategies, which enable customers to easily secure loans for lifestyle products such as RVs, boats, personal watercraft, and outdoor equipment. Lending transparency and customer support are at the forefront of Octane's ethos, as seen in its commitment to delivering exceptional service through Roadrunner Account Services.
This partnership signifies the latest chapter in Octane's efforts to connect customers with their dream purchases while continued focus on fostering strong credit performance. By collaborating with respected institutions like Georgia's Own, both companies are setting a new standard for consumer financing in the powersports industry.
To learn more about Octane and to explore their services, visit their official website at www.octane.co. Here, potential borrowers can find comprehensive information about how Octane is reshaping the world of recreational financing, offering simplified solutions that put the consumer's needs front and center. Both companies look forward to a fruitful partnership that exemplifies commitment to customer satisfaction and financial accessibility.
Under the terms of this partnership, Georgia's Own will purchase high-quality, fixed-rate installment loans originated by Octane's in-house lender, Roadrunner Financial, provided these are in line with their established risk criteria. Borrowers enjoy the benefit of becoming members of Georgia's Own at the time they secure financing, ensuring a smooth and secure digital process powered by Octane's advanced technology.
Steven Fernald, President and Chief Financial Officer at Octane, expressed enthusiasm about the partnership. He highlighted how this collaboration can significantly enhance the financing experience for consumers, particularly those deeply passionate about powersports. By utilizing cutting-edge technology, Octane aims to simplify the borrowing process, making it not only efficient but also timely and straightforward.
As Octane continues to expand its footprint, the partnership with Georgia's Own is crucial for diversifying its capital base and boosting overall growth. In fact, Octane's swift progress led to surpassing $5 billion in aggregate loan originations just last September, marking a significant milestone in their ongoing growth trajectory.
Christin Hewitt, Chief Financial Officer at Georgia's Own, echoed this sentiment, remarking on the seamless nature of their partnership with Octane. Serving over 240,000 members throughout Georgia, the credit union now has the opportunity to enhance its financial portfolio with these quality assets while simultaneously welcoming new members. This unique synergy not only strengthens Georgia's Own’s offerings but also allows them to provide a comprehensive suite of personal and business financial services to their members.
Founded in 2014, Octane has transformed the landscape for recreational purchases, empowering consumers to engage with their passions through seamless financing solutions. The company integrates advanced digital tools and innovative risk management strategies, which enable customers to easily secure loans for lifestyle products such as RVs, boats, personal watercraft, and outdoor equipment. Lending transparency and customer support are at the forefront of Octane's ethos, as seen in its commitment to delivering exceptional service through Roadrunner Account Services.
This partnership signifies the latest chapter in Octane's efforts to connect customers with their dream purchases while continued focus on fostering strong credit performance. By collaborating with respected institutions like Georgia's Own, both companies are setting a new standard for consumer financing in the powersports industry.
To learn more about Octane and to explore their services, visit their official website at www.octane.co. Here, potential borrowers can find comprehensive information about how Octane is reshaping the world of recreational financing, offering simplified solutions that put the consumer's needs front and center. Both companies look forward to a fruitful partnership that exemplifies commitment to customer satisfaction and financial accessibility.
Topics Financial Services & Investing）
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