CarSaver made another inroad into the credit union market this week, landing a relationship with one of the largest credit unions in the United States that has $8.8 billion in assets and more than 420,000 members.

CarSaver announced the latest credit union now using its automotive e-commerce marketplace and fintech platform is Long Island-based Teachers Federal Credit Union.

CarSaver’s e-commerce platform was built to help credit unions and other auto finance companies increase member satisfaction, contract retention and dealer satisfaction, while enabling members to buy, finance, and insure new and used vehicles entirely online.

In January, CUNA Mutual Group and CarSaver entered into both a working relationship as well as a financial commitment.

By implementing CarSaver’s Marketplace and Automated Upgrades, the service provider said Teachers will help make it easier for members to purchase a new vehicle and avoid issues like costly repairs in the later years of a vehicle’s life.

CarSaver’s proprietary automated upgrade platform also can identify members with an installment contract who qualify to upgrade to another vehicle for a lower monthly payment, then links them to a personal portal where they can see their upgrade options.

“Product innovation and partnerships that bring elevated service to our members are critical to Teachers’ guiding principle of being the best place to bank. We are excited to offer CarSaver’s industry-first Marketplace and Automated Upgrade Platform to our members, helping to make their car buying experience more convenient,” said Francis Collins, senior vice president of credit at Teachers Federal Credit Union.

“CarSaver’s proprietary technology combined with Teachers’ low-rates gives members a best-in-class experience for upgrading their vehicle for less than their current monthly payment,” Collins added in a news release.

The marketplace will include new and used vehicles from a variety of brands available at local certified dealer partners. Members eligible for the upgrade will receive a notification via email and instructions to visit their personalized portal to see their upgrade offers.

“We are thrilled to have Teachers Federal Credit Union join our network to offer their members unrivaled benefits for their car purchasing needs. Teachers is one of the largest credit unions in the country and is dedicated to helping their members save money and be on the best financial path,” CarSaver co-founder and chief executive officer Chad Collier said

Now, with CarSaver, it’s easier than ever for qualified Teachers members to upgrade their car to a new one. Not only does our partnership further develop Teachers’ lending technology, it will lead to the ability for our dealer partners to sell more cars and take more trade-ins,” Collier went on to say.

Dealers can enroll or get more information at https://www.carsavercommerce.com/teachersfcu.