CU Direct Corporation (CU Direct) signed a technology and marketing agreement with TitleAuctions, a provider of competitive-bid auction tools and training for remarketing vehicles.

TitleAuctions will provide a competitive-bid auction platform for CU Direct's automotive Web site, AutoSMART. In addition, CU Direct will refer to TitleAuctions those member credit unions that elect to conduct their own competitive-bid auctions for repossessed and off-lease collateral.

"We're excited to be providing auction technology to CU Direct and its network of credit unions," said Mark Coleman, CEO of TitleAuctions. "Thousands of vehicles are sold over the Internet every day. CU Direct provides a high-quality, high-value service and world-class training and support to credit unions and auto dealers that wish to participate in online auctions."

http://www.cuAuctions.com