CU FastPass® provides franchise auto dealerships and progressive credit unions with what they need work as a team. At no cost, dealers receive a stream of pre-qualified credit union buyers, plus instant payment through our proprietary closed-loop payment network. Credit unions are, in turn, assured their loans will not be "flipped" by the dealer, resulting in significantly more direct auto loans. Most importantly, your members enjoy the most frictionless auto buying experience available anywhere.
Members enjoy a faster, simplified auto buying experience using the FastPass mobile app.
Participating dealerships receive qualified referrals and get paid in near real time.
The FastPass app is connected to the FastPass network, a proprietary closed-loop payment network.
"Funding as a Service" means that you do not have to change any of your auto lending procedures.
Funding as a Service– the process that allows credit unions to pay franchise auto dealerships faster to achieve the objective of booking the majority of approved automobile loans direct.
CU LIFT Fund, LLC – the CUSO that operates the business enabled by the exclusive FastPass FaaS platform, the first-ever platform of its type in the auto lending space.
FastPass – the consumer mobile app and the LIFT consumer-facing brand. For example, dealers will place a FastPass Accepted Here sticker on their front window much like they would a sticker for a particular credit card brand.
FastPass network – The closed-loop payment network that has been developed to move loan proceeds from credit unions to auto dealers instantly.
Thank you for contacting LIFT.
Our Team will get back with you shortly.