CU Lending Solutions - Frank Mercer - Founder & Managing Member

Frank Mercer - Founder & Managing Member

Co-Founder President & COO for ACC Consumer Finance LLC. Full P&L responsibility for start up and operating this San Diego based automotive finance company that provided third party sub-prime originations to credit union industry. ACC was sold in early 2007 and the new management team made the decision to exit servicing the credit union industry.
Chief Credit Officer and Group Director of Sales and Credit Operations for Household Auto Finance (now HSBC), responsible for originating $5 billion in assets with 635 employees; net after-tax profits of $120 million per year. Frank’s group averaged funding 24,000 contracts per month.
Senior Vice President, Consumer Lending for Imperial Savings Association, responsible for executive management of all consumer lending activities for this 132 branch savings and loan. P&L responsibility for the consumer lending division. Implemented a centralized processing and buying center that reduced expenses and provided more consistency in credit decisions.
Over thirty five years of consumer lending experience of which twenty five years were at the senior and executive management levels. Twenty years experience buying indirect sub-prime and non-prime automobile installment contracts from franchised and independent auto dealers across the United States.

Leadership