Portland, Oregon -- Sept 26, 2005. TitleAuctions, Inc. announced it has signed service agreements with two billion dollar credit unions for the remarketing of repossessed collateral. Both Texans Credit Union ($1.46 billion, 152,000 members) and VyStar Credit Union ($2.9 billion, 335,000 members) have signed up to remarket portions of their repossessed portfolios on CUAuctions.com.

“The TitleAuctions team has worked to develop an effective Internet venue specifically for the credit union movement. Our tools have been built with input from experienced collections and asset recovery staff. We’re very pleased that these two leading credit unions see value in the tools we’ve built,” said Mark Coleman, C.E.O.

Among the unique features of the CUAuctions.com Internet venue is the ability for credit unions to present their own vehicles for sale to their own members on their own Web site. In addition, inventory is also presented on www.CUAuctions.com, and then marketed to consumers at large through search engines, such as Google, MSN, Yahoo!, and more, delivering even more exposure for subscribing credit unions. Credit unions can also remarket repos to their auto dealer partners in a closed private auction environment.

Jack Stone, Operations Director at VyStar Credit Union in Jacksonville, Florida states, “The program is working well for us. We auction off some of our premium condition repos to our members, and are earning higher prices as a result.”

About TitleAuctions, Inc.
Founded in 2002, TitleAuctions is a privately held company based in Portland, Oregon delivering retail, wholesale and member auction tools plus training and support, designed exclusively for credit unions. The company currently serves 59 credit unions in 19 states. For more information about TitleAuctions, visit www.titleAuctions.com. To browse and bid on credit union vehicles for sale, go to www.cuAuctions.com. For more information email info@titleauctions.com or call 877-223-5806.

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Learn More. E-mail info@titleauctions.com or call 503-344-5001.