{"id":387125,"date":"2020-11-23T16:08:10","date_gmt":"2020-11-23T21:08:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387125"},"modified":"2020-11-23T16:08:10","modified_gmt":"2020-11-23T21:08:10","slug":"open-lending-signs-oe-federal-credit-union-to-lenders-protection-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-oe-federal-credit-union-to-lenders-protection-program\/","title":{"rendered":"Open Lending Signs OE Federal Credit Union to Lenders Protection\u2122 Program"},"content":{"rendered":"<h2>\nOE Federal Credit Union of California signs with Open Lending<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>AUSTIN, Texas, Nov.  23, 2020  (GLOBE NEWSWIRE) &#8212; Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. They announced today that OE Federal Credit Union, a $1.2 billion institution based in Livermore, CA, has signed with Open Lending to implement their Lenders Protection\u2122 program.<\/p>\n<p>OE Federal Credit Union is the country\u2019s largest labor-based credit union, serving union members in the construction trades.\u00a0 Gabriel Ybarrolaza, Vice President of Lending, explains, \u201cOur members work long hours and are subject to seasonal work. OE Federal\u2019s mission is to provide services to these members and their families. Open Lending allows us to expand auto lending that has historically been a challenge.\u201d<\/p>\n<p>Open Lending\u2019s flagship product, Lenders Protection\u2122, is a unique auto lending enablement platform. It utilizes proprietary data and advanced decisioning analytics to provide lenders with a powerful way to increase near and non-prime auto loan volumes, without adding significant risk to their auto loan portfolio. Lenders Protection\u2122 allows auto lenders to model their specific overhead and funding costs and set a target ROA for their insured portfolio. The result is a profitable auto loan portfolio with carefully managed pricing and risk characteristics.<\/p>\n<p>Matt Roe, Chief Revenue Officer at Open Lending, says, \u201cWe are honored to partner with OE Federal Credit Union. We know that the Lenders Protection\u2122 program will help expand their auto lending offerings, ultimately supporting them in their mission to serve more members.\u201d<\/p>\n<p>\n        <strong>About Open Lending<br \/><\/strong>Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. For 20 years they have been empowering financial institutions to create profitable auto loan portfolios by saying \u201cyes\u201d to more automotive loans. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0j8lwEqb0Q5C8_b7VN2-Jp-5oQH-f2ZiQwpDtkQ1VfuU6RzAc4nuGcheFqMngSlxqH26eSaLVujZCDGkvjvn-iAkK7UA7TMn2ycs-04lHg4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.openlending.com<\/a>.<\/p>\n<p>\n        <strong>OE<\/strong><br \/>\n        <strong> Federal <\/strong><br \/>\n        <strong>Credit Union<\/strong><br \/>\n        <br \/>OE Federal was founded in 1964 in the union hall of Operating Engineers Local #3 with one simple goal: to provided union members a better alternative to banks. The union members needed a financial institution that understood the challenges of the construction trade. Today OE Federal serves over 125 union groups with more than 85,000 members nationwide. \u201cOE Federal is here to help because we are union family, and our family deserves the best.\u201d<\/p>\n<p>\n        <strong>Media Contact<\/strong><br \/>\n        <br \/>Ginny Goertz | ggoertz@openlending.com<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDkwMiMzODQwMzQ5IzIxOTcwMjU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/450c2905-1d42-461b-940e-06f40e41284d\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>OE Federal Credit Union of California signs with Open Lending AUSTIN, Texas, Nov. 23, 2020 (GLOBE NEWSWIRE) &#8212; Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. They announced today that OE Federal Credit Union, a $1.2 billion institution based in Livermore, CA, has signed with Open Lending to implement their Lenders Protection\u2122 program. OE Federal Credit Union is the country\u2019s largest labor-based credit union, serving union members in the construction trades.\u00a0 Gabriel Ybarrolaza, Vice President of Lending, explains, \u201cOur members work long hours and are subject to seasonal work. OE Federal\u2019s mission is to provide services to these members and their families. Open Lending allows us to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-oe-federal-credit-union-to-lenders-protection-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Open Lending Signs OE Federal Credit Union to Lenders Protection\u2122 Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-387125","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Open Lending Signs OE Federal Credit Union to Lenders Protection\u2122 Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-oe-federal-credit-union-to-lenders-protection-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Open Lending Signs OE Federal Credit Union to Lenders Protection\u2122 Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"OE Federal Credit Union of California signs with Open Lending AUSTIN, Texas, Nov. 23, 2020 (GLOBE NEWSWIRE) &#8212; Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. They announced today that OE Federal Credit Union, a $1.2 billion institution based in Livermore, CA, has signed with Open Lending to implement their Lenders Protection\u2122 program. OE Federal Credit Union is the country\u2019s largest labor-based credit union, serving union members in the construction trades.\u00a0 Gabriel Ybarrolaza, Vice President of Lending, explains, \u201cOur members work long hours and are subject to seasonal work. OE Federal\u2019s mission is to provide services to these members and their families. 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They announced today that OE Federal Credit Union, a $1.2 billion institution based in Livermore, CA, has signed with Open Lending to implement their Lenders Protection\u2122 program. OE Federal Credit Union is the country\u2019s largest labor-based credit union, serving union members in the construction trades.\u00a0 Gabriel Ybarrolaza, Vice President of Lending, explains, \u201cOur members work long hours and are subject to seasonal work. OE Federal\u2019s mission is to provide services to these members and their families. Open Lending allows us to &hellip; Continue reading \"Open Lending Signs OE Federal Credit Union to Lenders Protection\u2122 Program\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-oe-federal-credit-union-to-lenders-protection-program\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-23T21:08:10+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDkwMiMzODQwMzQ5IzIxOTcwMjU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-oe-federal-credit-union-to-lenders-protection-program\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-oe-federal-credit-union-to-lenders-protection-program\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Open Lending Signs OE Federal Credit Union to Lenders Protection\u2122 Program","datePublished":"2020-11-23T21:08:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-oe-federal-credit-union-to-lenders-protection-program\/"},"wordCount":399,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-oe-federal-credit-union-to-lenders-protection-program\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDkwMiMzODQwMzQ5IzIxOTcwMjU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-oe-federal-credit-union-to-lenders-protection-program\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/open-lending-signs-oe-federal-credit-union-to-lenders-protection-program\/","name":"Open Lending Signs OE Federal Credit Union to Lenders Protection\u2122 Program - 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