Connexus Credit Union is pleased to announce the release of a new website for their indirect lending partner, Financial Institution Lending Options (FILO).
Mukwonago, Wisconsin-based FILO offers financial institutions the opportunity to grow their interest revenue and diversify their product portfolio with low cost and little risk through a steady flow of audited, ready-to-board auto loans. FILO works directly with a network of over 800 auto dealerships to provide revenue streams tailored to each institution’s risk appetite, geographic location, and underwriting criteria.
In 2020, FILO had a 40% growth trajectory year-over-year, with 24,000 new customer loans and $625 million in loans. They intend to close the books with another record year in 2021, and additional growth is anticipated for 2022.
The new FILO website was created to help support this momentous growth. The site features a full visual and user experience redesign, new content sections specifically tailored to providing information to financial and dealer partners, an enhanced partner testimonial section, and additional key financial and business metrics.
You can see the new website online at www.FiloIndirect.com.