{"id":6496,"date":"2025-01-28T09:15:17","date_gmt":"2025-01-28T09:15:17","guid":{"rendered":"https:\/\/octane.co\/o\/?p=6496"},"modified":"2025-01-29T20:57:27","modified_gmt":"2025-01-29T20:57:27","slug":"press-octane-announces-forward-flow-deal-with-georgias-own-credit-union","status":"publish","type":"post","link":"https:\/\/octane.co\/o\/press-octane-announces-forward-flow-deal-with-georgias-own-credit-union\/","title":{"rendered":"Octane Announces Forward-Flow Deal with Georgia\u2019s Own Credit Union"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6496\" class=\"elementor elementor-6496\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7579d55 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7579d55\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c706589\" data-id=\"c706589\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5518d9c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5518d9c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3542a34\" data-id=\"3542a34\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-49dd763 elementor-widget elementor-widget-image\" data-id=\"49dd763\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-1024x1024.png\" class=\"attachment-large size-large wp-image-6497\" alt=\"\" srcset=\"http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-1024x1024.png 1024w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-300x300.png 300w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-150x150.png 150w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-768x768.png 768w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-1536x1536.png 1536w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-2048x2048.png 2048w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-700x700.png 700w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-1160x1160.png 1160w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-50x50.png 50w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-650x650.png 650w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B-1000x1000.png 1000w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-013f90c\" data-id=\"013f90c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-054b466 elementor-widget elementor-widget-text-editor\" data-id=\"054b466\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><i><span style=\"font-weight: 400;\">Partnership Connects Powersports Enthusiasts with a Seamless, Digital Financing Experience<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3c09a88 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3c09a88\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7856871\" data-id=\"7856871\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-94a02db elementor-widget elementor-widget-text-editor\" data-id=\"94a02db\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">NEW YORK, January 28, 2025 \u2014 <\/span><a href=\"http:\/\/www.octane.co\"><span style=\"font-weight: 400;\">Octane<\/span><\/a><span style=\"font-weight: 400;\">\u00ae<\/span><span style=\"font-weight: 400;\"> (Octane Lending, Inc.<\/span><span style=\"font-weight: 400;\">\u00ae<\/span><span style=\"font-weight: 400;\">), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has executed a forward-flow partnership with Georgia\u2019s Own Credit Union (Georgia\u2019s Own), <\/span><span style=\"font-weight: 400;\">which was facilitated by <\/span><a href=\"http:\/\/www.loan-street.com\"><span style=\"font-weight: 400;\">LoanStreet Inc<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">Under the agreement\u2019s terms, Georgia\u2019s Own has agreed to purchase high-quality, fixed-rate installment powersports loans originated by Octane\u2019s in-house lender, <\/span><a href=\"https:\/\/www.roadrunnerfinancial.com\/\"><span style=\"font-weight: 400;\">Roadrunner Financial<\/span><\/a><span style=\"font-weight: 400;\">\u00ae<\/span><span style=\"font-weight: 400;\">, Inc. that are aligned with Georgia\u2019s Own\u2019s risk criteria. Borrowers will become members of Georgia\u2019s Own at the time of contracting in a secure, seamless, digital process powered by Octane. Roadrunner Account Services, LLC, Octane\u2019s in-house loan servicer, will service the loans.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cWe\u2019re excited to partner with Georgia\u2019s Own to support its members with an incredibly efficient, timely, and simple financing experience that connects powersports enthusiasts with their passions,\u201d said Steven Fernald, President and Chief Financial Officer at Octane. \u201cAs we continue to grow our business, we\u2019re constantly enhancing how we use technology to support our partners and customers while providing full-spectrum financing and delivering strong credit performance.\u201d<\/span><\/p><p><span style=\"font-weight: 400;\">This transaction continues to diversify Octane\u2019s <\/span><a href=\"https:\/\/octane.co\/o\/ab-carval-and-octane-close-200-million-whole-loan-sale\/\"><span style=\"font-weight: 400;\">large existing base of capital providers<\/span><\/a><span style=\"font-weight: 400;\"> and further fuels the company\u2019s significant momentum and growth; Octane <\/span><a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7237846595529023488\/?_gl=1*r0qr94*_ga*Nzc3MTQ2MDEyLjE3Mjc0NTg3MjY.*_ga_0FCW95Z7XK*MTczMDIzNDczNS4xOS4xLjE3MzAyMzc0NTUuNTUuMC4w\"><span style=\"font-weight: 400;\">surpassed $5B in aggregate originations<\/span><\/a><span style=\"font-weight: 400;\"> in September.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cOur partnership with Octane has been a seamless experience,\u201d said Christin Hewitt, Chief <\/span><span style=\"font-weight: 400;\">Financial Officer at Georgia\u2019s Own. \u201cWhile we currently serve over 240,000 members <\/span><span style=\"font-weight: 400;\">throughout the State of Georgia, this unique partnership allows us to add high-quality assets to <\/span><span style=\"font-weight: 400;\">our balance sheet while also welcoming new members to the Credit Union, giving those <\/span><span style=\"font-weight: 400;\">members access to our full suite of personal and business financial services.\u201d<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cPartnering progressive credit unions like Georgia\u2019s Own with best-in-class fintech lenders like Octane is critical to the continued success of both credit unions and fintechs,\u201d said Ian Lampl, CEO of LoanStreet, which partners with over 1,300 credit unions to facilitate balance sheet management solutions and increase capital deployment efficiency.<\/span><\/p><p><b>###<\/b><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Partnership Connects Powersports Enthusiasts with a Seamless, Digital Financing Experience NEW YORK, January 28, 2025 \u2014 Octane\u00ae (Octane Lending, Inc.\u00ae), the fintech revolutionizing the buying experience for major recreational purchases,<\/p>\n<div><a href=\"https:\/\/octane.co\/o\/press-octane-announces-forward-flow-deal-with-georgias-own-credit-union\/\" class=\"exp-read-more exp-read-more-underlined\">Read More<\/a><\/div>\n","protected":false},"author":25,"featured_media":6497,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[34],"tags":[69,53,52],"class_list":["post-6496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press","tag-69","tag-investor-relations","tag-recent-press"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v23.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Octane Announces Forward-Flow Deal with Georgia\u2019s Own Credit Union | Octane<\/title>\n<meta name=\"description\" content=\"Octane announced its forward-flow agreement with Georgia&#039;s Own Credit Union. 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Read about the innovative transaction in this press release.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/octane.co\/o\/press-octane-announces-forward-flow-deal-with-georgias-own-credit-union\/\" \/>\n<meta property=\"og:site_name\" content=\"Octane\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-28T09:15:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-29T20:57:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B.png\" \/>\n\t<meta property=\"og:image:width\" content=\"2400\" \/>\n\t<meta property=\"og:image:height\" content=\"2400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Elizabeth Griswold\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Elizabeth Griswold\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/octane.co\/o\/press-octane-announces-forward-flow-deal-with-georgias-own-credit-union\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/octane.co\/o\/press-octane-announces-forward-flow-deal-with-georgias-own-credit-union\/\"},\"author\":{\"name\":\"Elizabeth Griswold\",\"@id\":\"https:\/\/octane.co\/o\/#\/schema\/person\/ee9ed73e468e95f2934e6738e485df45\"},\"headline\":\"Octane Announces Forward-Flow Deal with Georgia\u2019s Own Credit Union\",\"datePublished\":\"2025-01-28T09:15:17+00:00\",\"dateModified\":\"2025-01-29T20:57:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/octane.co\/o\/press-octane-announces-forward-flow-deal-with-georgias-own-credit-union\/\"},\"wordCount\":346,\"publisher\":{\"@id\":\"https:\/\/octane.co\/o\/#organization\"},\"image\":{\"@id\":\"https:\/\/octane.co\/o\/press-octane-announces-forward-flow-deal-with-georgias-own-credit-union\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B.png\",\"keywords\":[\"2025\",\"Investor Relations\",\"Recent Press\"],\"articleSection\":[\"Press\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/octane.co\/o\/press-octane-announces-forward-flow-deal-with-georgias-own-credit-union\/\",\"url\":\"https:\/\/octane.co\/o\/press-octane-announces-forward-flow-deal-with-georgias-own-credit-union\/\",\"name\":\"Octane Announces Forward-Flow Deal with Georgia\u2019s Own Credit Union | Octane\",\"isPartOf\":{\"@id\":\"https:\/\/octane.co\/o\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/octane.co\/o\/press-octane-announces-forward-flow-deal-with-georgias-own-credit-union\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/octane.co\/o\/press-octane-announces-forward-flow-deal-with-georgias-own-credit-union\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/241213_SOC_GeorgiasOwn_B.png\",\"datePublished\":\"2025-01-28T09:15:17+00:00\",\"dateModified\":\"2025-01-29T20:57:27+00:00\",\"description\":\"Octane announced its forward-flow agreement with Georgia's Own Credit Union. 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