Open Lending Reveals Winners of the 2024 Economic Vehicle Accessibility Awards
Open Lending (NASDAQ: LPRO) has announced the winners of its 2nd Annual Economic Vehicle Accessibility Awards (EVAAs), recognizing 15 credit unions and banks for exceptional automotive lending practices for near- and non-prime borrowers.
These financial institutions have successfully provided vehicle financing opportunities to creditworthy but underserved borrowers despite challenging market conditions, including higher vehicle costs, increased interest rates, and negative auto loan growth across the industry.
Through Open Lending's Lenders Protection™ program, these institutions can offer more accurate pricing, loan structuring, automated decisioning, and default insurance for automotive loans to near- and non-prime consumers, helping make vehicle ownership accessible while building portfolios of higher-yielding loans.
The 2024 EVAA winners represent the top 5% of all submitting institutions based on the number of Lenders Protection certified loans booked during the 2024 calendar year. Open Lending will host and recognize credit union winners on March 4, 2025 at America's Credit Unions' Governmental Affairs Conference.
Open Lending (NASDAQ: LPRO) ha annunciato i vincitori dei suoi 2° Annuali Economic Vehicle Accessibility Awards (EVAAs), riconoscendo 15 cooperative di credito e banche per le loro eccezionali pratiche di prestito automobilistico per mutuatari near- e non-prime.
Queste istituzioni finanziarie hanno fornito con successo opportunità di finanziamento per veicoli a mutuatari meritevoli ma sottoserviti, nonostante le difficili condizioni di mercato, tra cui l'aumento dei costi dei veicoli, l'aumento dei tassi di interesse e la crescita negativa dei prestiti auto in tutto il settore.
Attraverso il programma Lenders Protection™ di Open Lending, queste istituzioni possono offrire prezzi più accurati, strutturazione dei prestiti, decisioni automatizzate e assicurazione contro i default per i prestiti automobilistici a consumatori near- e non-prime, contribuendo a rendere l'accesso alla proprietà di veicoli più accessibile mentre costruiscono portafogli di prestiti a rendimento più elevato.
I vincitori del 2024 EVAA rappresentano il 5% migliore di tutte le istituzioni partecipanti, basato sul numero di prestiti certificati Lenders Protection registrati durante l'anno solare 2024. Open Lending ospiterà e riconoscerà i vincitori delle cooperative di credito il 4 marzo 2025 durante la Conferenza sulle Politiche Governative delle Cooperative di Credito Americane.
Open Lending (NASDAQ: LPRO) ha anunciado a los ganadores de sus 2° Premios Anuales de Accesibilidad Económica de Vehículos (EVAAs), reconociendo a 15 uniones de crédito y bancos por sus excepcionales prácticas de préstamos automotrices para prestatarios cercanos y no primarios.
Estas instituciones financieras han proporcionado con éxito oportunidades de financiamiento de vehículos a prestatarios solventes pero desatendidos, a pesar de las desafiantes condiciones del mercado, incluyendo el aumento de los costos de los vehículos, el incremento de las tasas de interés y el crecimiento negativo de los préstamos automotrices en toda la industria.
A través del programa Lenders Protection™ de Open Lending, estas instituciones pueden ofrecer precios más precisos, estructuración de préstamos, decisiones automatizadas y seguro contra incumplimientos para préstamos automotrices a consumidores cercanos y no primarios, ayudando a hacer que la propiedad de vehículos sea más accesible mientras construyen carteras de préstamos de mayor rendimiento.
Los ganadores del EVAA 2024 representan el 5% superior de todas las instituciones que enviaron solicitudes, basado en el número de préstamos certificados por Lenders Protection registrados durante el año calendario 2024. Open Lending organizará y reconocerá a los ganadores de uniones de crédito el 4 de marzo de 2025 en la Conferencia de Asuntos Gubernamentales de las Uniones de Crédito de América.
Open Lending (NASDAQ: LPRO)는 제2회 연례 경제 차량 접근성 상(EVAAs)의 수상자를 발표하며, 15개의 신용조합과 은행이 가까운 및 비우량 차용자를 위한 뛰어난 자동차 대출 관행을 인정받았습니다.
이 금융 기관들은 높은 차량 비용, 증가한 이자율, 그리고 업계 전반의 부정적인 자동차 대출 성장이라는 어려운 시장 조건에도 불구하고 신용이 있지만 소외된 차용자에게 차량 금융 기회를 성공적으로 제공했습니다.
Open Lending의 Lenders Protection™ 프로그램을 통해 이러한 기관들은 가까운 및 비우량 소비자에게 더 정확한 가격 책정, 대출 구조화, 자동 결정 및 자동차 대출에 대한 채무 불이행 보험을 제공할 수 있어 차량 소유를 보다 접근 가능하게 하고 더 높은 수익률의 대출 포트폴리오를 구축하는 데 도움을 줍니다.
2024년 EVAA 수상자는 2024 회계 연도 동안 인증된 Lenders Protection 대출의 수를 기준으로 제출 기관의 상위 5%를 대표합니다. Open Lending은 2025년 3월 4일 미국 신용조합 정부 정책 회의에서 신용조합 수상자를 초대하고 인정할 것입니다.
Open Lending (NASDAQ: LPRO) a annoncé les gagnants de ses 2e Prix Annuels d'Accessibilité Économique des Véhicules (EVAAs), reconnaissant 15 coopératives de crédit et banques pour leurs pratiques exceptionnelles de prêt automobile pour les emprunteurs proches et non-prime.
Ces institutions financières ont réussi à offrir des opportunités de financement de véhicules à des emprunteurs solvables mais mal desservis, malgré des conditions de marché difficiles, y compris des coûts de véhicule plus élevés, des taux d'intérêt accrus et une croissance négative des prêts automobiles dans l'industrie.
Grâce au programme Lenders Protection™ d'Open Lending, ces institutions peuvent offrir des prix plus précis, une structuration des prêts, une décision automatisée et une assurance contre le défaut pour les prêts automobiles aux consommateurs proches et non-prime, contribuant ainsi à rendre la possession de véhicules accessible tout en construisant des portefeuilles de prêts à rendement plus élevé.
Les gagnants des EVAA 2024 représentent les 5 % supérieurs de toutes les institutions soumettrices, basés sur le nombre de prêts certifiés Lenders Protection enregistrés au cours de l'année civile 2024. Open Lending accueillera et reconnaîtra les gagnants des coopératives de crédit le 4 mars 2025 lors de la Conférence sur les affaires gouvernementales des coopératives de crédit américaines.
Open Lending (NASDAQ: LPRO) hat die Gewinner der 2. jährlichen Economic Vehicle Accessibility Awards (EVAAs) bekannt gegeben, wobei 15 Kreditgenossenschaften und Banken für ihre außergewöhnlichen Praktiken im Automobilkredit für nahe- und nicht-prime Kreditnehmer ausgezeichnet wurden.
Diese Finanzinstitute haben es erfolgreich geschafft, kreditwürdigen, aber unterversorgten Kreditnehmern trotz schwieriger Marktbedingungen, einschließlich höherer Fahrzeugkosten, gestiegener Zinssätze und negativer Wachstumsraten bei Autokrediten in der gesamten Branche, Fahrzeugfinanzierungsmöglichkeiten anzubieten.
Durch das Lenders Protection™-Programm von Open Lending können diese Institutionen genauere Preisgestaltungen, Kreditstrukturen, automatisierte Entscheidungen und Ausfallversicherungen für Autokredite an nahe- und nicht-prime Verbraucher anbieten, was dazu beiträgt, den Zugang zum Fahrzeugbesitz zu erleichtern und gleichzeitig Portfolios mit höher rentierenden Krediten aufzubauen.
Die Gewinner der EVAA 2024 repräsentieren die besten 5 % aller einreichenden Institutionen, basierend auf der Anzahl der während des Kalenderjahres 2024 gebuchten Lenders Protection-zertifizierten Kredite. Open Lending wird die Gewinner der Kreditgenossenschaften am 4. März 2025 auf der Konferenz für Regierungsangelegenheiten der amerikanischen Kreditgenossenschaften auszeichnen.
- LPRO recognized 15 financial institutions for excellence in near- and non-prime auto lending
- Company's Lenders Protection program enables lenders to serve underserved borrowers profitably
- Program helps financial institutions build portfolios of higher-yielding loans
- LPRO has maintained its market position with 20+ years supporting financial institutions
- Industry experiencing negative auto loan growth for first time in over 10 years
- Lenders facing concerns over poorer performing auto loans
- Challenging market conditions including higher vehicle costs and borrowing rates
15 credit unions and banks recognized for exhibiting exceptional automotive lending practices in the near- and non-prime category
“Many deserving borrowers face barriers to vehicle ownership, including historically high costs to buy and own an auto, significantly higher interest rates, and complex automotive lending processes,” said Kevin Filan, senior vice president of marketing at Open Lending. “The EVAAs are about recognizing and celebrating our partners who are transforming auto lending inclusivity through their commitment to look beyond traditional credit scores and extend the possibility of vehicle ownership to deserving, underserved borrowers.”
The industry has notably seen lenders with negative auto loan growth over several consecutive quarters for the first time in over 10 years. Despite a variety of unfavorable market dynamics, including lender concerns over poorer performing auto loans as well as consumers who are facing higher vehicle costs and higher costs of borrowing, the winning lenders have found a way to continue to make the dream of vehicle ownership a reality with Open Lending’s Lenders Protection™ program.
For over 20 years, Open Lending has been supporting financial institutions in providing more accurate pricing, loan structuring, automated decisioning, and default insurance for automotive loans for near- and non-prime consumers. Through this partnership, banks, credit unions, and captive finance companies can offer increased vehicle access for more deserving borrowers while building an expanded portfolio of higher-yielding loans from applications that would otherwise be overlooked.
The winners of the 2024 Economic Vehicle Accessibility Awards are:
-
Amarillo National Bank (
Amarillo, TX ) -
America First Credit Union (
Ogden, UT ) -
Crescent Bank (
New Orleans, LA ) -
First Nebraska Credit Union (
Omaha, NE ) -
Idaho Central Credit Union (
Chubbuck, ID ) -
Independent Bank (
Memphis, TN ) -
Keesler Federal Credit Union (
Biloxi, MS ) -
Kemba Credit Union (
West Chester, OH ) -
Meritrust Credit Union (
Wichita, KS ) -
My Community Credit Union (
Midland, TX ) -
Patelco Credit Union (
Dublin, CA ) -
Security First Federal Credit Union (
McAllen, TX ) -
Sound Credit Union (
Tacoma, WA ) -
Space Coast Credit Union (
Melbourne, FL ) -
VyStar Credit Union (
Jacksonville, FL )
Open Lending will host and recognize credit union EVAA winners on March 4, 2025 at America’s Credit Unions’ Governmental Affairs Conference. To download Open Lending’s 2025 Vehicle Accessibility Report, click here.
Methodology
Awards are based on categories defined by the asset size of the financial institution and judged by the number of Lenders Protection certified loans booked during the 2024 calendar year. The bank and credit union winners for the 2024 EVAAs are among the top
To learn more about Open Lending, visit openlending.com.
About Open Lending
Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders throughout
View source version on businesswire.com: https://www.businesswire.com/news/home/20250225312308/en/
Open Lending Media Inquiries
press@openlending.com
Open Lending Investor Relations Inquiries
InvestorRelations@openlending.com
Source: Open Lending Corporation
FAQ
What are Open Lending's Economic Vehicle Accessibility Awards (EVAAs)?
How many financial institutions received LPRO's 2024 Economic Vehicle Accessibility Awards?
What criteria were used to select the winners of Open Lending's 2024 EVAAs?
What is Open Lending's Lenders Protection program that EVAA winners utilize?
When will Open Lending (LPRO) recognize the 2024 EVAA credit union winners?
How has LPRO's Lenders Protection program helped financial institutions during the current challenging auto loan market?
