CARMEL, Ind. — On Monday, ADESA announced that its subsidiary, PAR North America, has teamed up with SWBC to bring credit unions a suite of automotive asset risk and account management services.

SWBC is one of the nation's largest privately held financial services and insurance companies.

"As auto loan defaults continue to rise due to a tough economy and an increase in consumer debt and personal bankruptcies, it's extremely important that credit unions have a turn-key resource they can rely on. That is exactly what our partnership with SWBC provides, " explained Jerry Kroshus, PAR North America president.

Basically, SWBC's proprietary AutoPilot software program is designed as a comprehensive system that allows users to work from their desktops to consign, track, communicate and resolve the recovery and disposal of automotive assets, officials highlighted.

Meanwhile, PAR expertise includes complete vehicle remarketing, covering repossessions, titling, auction logistics and end-of-term lease services.

By working together, these two companies can help credit unions benefit from the knowledge, skills and nationwide network of resources.

Beginning in May, PAR and SWBC will host free seminars for credit union personnel on auto remarketing and repossession processes.

The first of the seminars will be held at ADESA Charlotte, at 11600 Fruehauf Drive, Charlotte, N.C. 28273.

The seminar is slated for 8 a.m. to 3:30 p.m. (EST).

Those interested can register at http://adesaconnect.com/registration/par/2010.

Other seminar dates and locations include:

—May 26 at ADESA Seattle

—June 9 at ADESA Los Angeles

—June 11 at ADESA Golden Gate

—June 16 at ADESA Dallas

—June 17 at ADESA Kansas City

—June 23 at ADESA Boston