Auto Financial Group (AFG), one of the nation's leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q1 2020 today.

In the first quarter of 2020, in spite of the challenges due to the coronavirus lockdown, AFG signed three new credit unions to the AFG Balloon Lending Program: Family Advantage Federal Credit Union, Montana Health FCU and Pasadena Service Federal Credit Union. The three credit unions represent combined assets of over $223 million and a reach increase of over 1.7 million consumers across three states.

“At Montana Health, we were looking for opportunities to build out a product suite that could help our members during the COVID-19 response,” says Dennis R. Wizeman, president and CEO of Montana Health FCU. “We knew that cash flows were going to be tight for our members and that uncertainty would be high, so offering an option that could help members mitigate cash flow demands even while making an essential purchase would be a great fit in our suite of relief products.”