1st Community Federal Credit Union First To Adopt RouteOne's New DiscountOne eContracting Tool

FARMINGTON HILLS, Mich., May 29, 2014 /PRNewswire/ -- Today, RouteOne announced that 1^st Community Federal Credit Union, serving 21,000 members nationwide, has integrated to RouteOne's eContracting platform using its new DiscountOne tool.   

DiscountOne allows finance sources to realize many of the benefits of eContracting without a full IT or resource commitment. It includes the ability to receive contract packages and stipulations in real-time in a secure and reliable manner. DiscountOne also allows interaction with dealers using messaging capabilities that expedite the eContracting process, which reduces contract errors and speeds funding.

DiscountOne uses Reynolds and Reynolds LAW® Retail Installment Contracts, which can be immediately deployed for any state. And because DiscountOne requires no changes to the dealers' existing eContracting process, no additional training is required within the dealership.

"Knowing that eContracting usage among our dealers is growing, we've been looking for a way to support them and grow our own indirect business at the same time," said George Sweet, Executive Vice President, Lending, 1^st Community Federal Credit Union. "DiscountOne provided us a cost-effective option for integrating to eContracting that was also quick to implement."

"We look forward to supporting 1^st Community Federal Credit Union as they roll out DiscountOne," said Mike Jurecki, RouteOne CEO. "eContracting is really gaining momentum with dealers, and DiscountOne helps the finance source community onboard quickly in a way that makes sense for their business."

Finance sources may contact RouteOne at 866.768.8301, extension 4 for further information.

ABOUT ROUTEONE
RouteOne was formed in 2002 by Ally Financial, Ford Motor Credit Company, TD Auto Finance, and

Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing access to thousands of dealers in North America, RouteOne's web-based system allows automotive dealers to submit credit applications to the largest indirect lenders, request credit reports, and increase profitability with RouteOne's free Dealer Reporting Suite. RouteOne's open integration business model also allows the dealer to integrate with their choice of a wide variety of best in class providers, including DSPs, CRM systems, F&I modules and menu providers. RouteOne offers dealers a common platform for all their credit application financing needs. More information is available at www.routeone.com.

ABOUT 1^st COMMUNITY FEDERAL CREDIT UNION
1^st Community Federal Credit Union is a full-service financial cooperative providing services to more than 21,000 members worldwide. 1st Community Federal Credit Union was chartered June 8, 1953, with its first office located on Goodfellow Air Force Base in San Angelo, Texas.  It has grown to seven offices, with three in San Angelo and one each in Ballinger, Eldorado, Fort Stockton, and Midland Texas.  1st Community has been voted "Favorite Credit Union" by the readers of the San Angelo Standard Times for the 15th year in a row.  The driving force for the establishment and continued growth of 1st Community FCU has been to make credit union services available to everyone.  Because 1^st Community is a "member- owned," democratically run, not-for-profit cooperative, it is able to give back earnings to each member in the way of lower rates on loans, higher dividends, low-cost services, and 24/7 access to accounts worldwide.  More information is available at www.1cfcu.org.

CONTACT: SUZI STRAFFON
RouteOne LLC
248.862.7074
[email protected]

SOURCE RouteOne