Way.com's Recapture Program Revolutionizes Auto Loan Savings for Credit Union Members

Transforming Auto Loan Refinancing for Credit Union Members

In a landscape where car ownership often comes with heavy financial burdens, Way.com has introduced a game-changing solution for credit union members through its Recapture Program. This initiative goes beyond traditional refinancing options by offering a seamless experience that ensures significant savings for drivers.

Streamlined Process for Maximum Savings

Unlike conventional refinance programs requiring customers to navigate through a daunting array of documentation, Way.com's Recapture Program operates differently. By leveraging real-time credit data, the platform removes the hassle of collecting personal loan details, conducting all necessary tasks automatically. As a result, credit unions' members can enjoy a smooth transition, utilizing Way's platform to receive competitive credit offers directly. This innovation enables members to save an average of $1,850 per year on their auto loans, substantially easing the financial strain of car ownership.

Enhanced Savings with Way+ Bundle

As an integral part of the Recapture Program, Way.com offers the Way+ bundle, introducing an exciting array of benefits for auto loan refinancers. Members can access cashbacks on essential expenses like gas, electric vehicle charging, parking, car washes, and maintenance services. This translates to an average annual cashback of $531, enabling members to enjoy more economical car ownership while maintaining their vehicles efficiently.

The advantages don't stop at cashback. Way+ also ensures that members are well-protected with features like glass breakage protection, digital roadside assistance, a complimentary mechanics hotline for immediate advice, free 100-point vehicle inspections, and layoff protection in turbulent times. This comprehensive support exemplifies Way.com’s commitment to not only improving loan rates but also enhancing overall consumer experience.

A Strategic Partnership for Credit Unions

Michael Williams, SVP of Lending and Member Experience at American First Credit Union, emphasizes the strategic benefits that come from partnering with Way.com, stating, "Way.com's Recapture Program is a game-changer for credit unions looking to better serve members and increase auto loan retention. It presents a unique and tangible solution that directly benefits our clients."

This collaboration fosters mutual growth; by attracting loans that may have otherwise remained with other lenders, credit unions can enhance service offerings while fulfilling their mission to provide financial relief and support to members.

Steven Gordon, Executive Director of Financial Partnerships at Way.com, shares the sentiment, stating, "Extending our offerings through partnerships with credit unions like American First is a simple decision. We believe in providing members with relevant, effective solutions that cater to their needs."

Way.com: Leading the Charge in Fintech

As a leading fintech platform dedicated to simplifying car ownership experiences, Way.com has successfully grown its reach by assisting 9 million drivers with various vehicle services. By emphasizing affordability through technology, Way.com saved millions in 2024 with its advanced approach, allowing customers to access top-notch services for auto insurance, parking rates, and more—all consolidated in a user-friendly app.

The platform hosts a marketplace that connects users to thousands of parking facilities, car washes, and insurance carriers from coast to coast, thereby enriching users' car ownership experiences.

American First Credit Union: A Commitment to Members

Established over 65 years ago, American First Credit Union has consistently centered its mission on the financial wellness of members. The credit union strives to deliver competitive products with personal assistance and remains devoted to facilitating member access to essential services, including low-interest loans on vehicles, residences, and personal needs.

In summary, Way.com's Recapture Program epitomizes progress in lending and financial services for credit union members, enhancing auto loan experiences while emphasizing savings, protection, and overall member satisfaction. As this partnership deepens, members can expect continual improvements in their financial journeys and comfort in car ownership, showcasing the innovative spirit of both innovators in the automotive finance sector.