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CUNA Mutual Group Offers Smartphone Banking at Car Dealerships

Buyers of cars have a new way to finagle auto finance deals, a new car loan smart phone application, the Loanliner.

Designed and offered by CUNA Mutual Group, the app gives car shoppers the power and convenience many shopper already enjoy while buying books, grocery shopping and banking. The Madison, Wisconsin-based company has been giving Loanliner, operable on both Apple and Android operating systems, to credit unions since 2011. In that time, the app has processed close to 35,000 loan applications equaling more than $335 million in loans. So far, users of the app complete loan applications nearly twice as often as other loan application methods.