Auto Loan Pass Through Program

Why Your Bank Should Consider BCI

Easy way to add $250,000 to $5,000,000 in high quality loans on a monthly basis to your consumer loan portfolio
Gross yield is 8.15% on 37 month average term
Net yield is 7.02%
BCI loss rate historically is .20 bps
Effective program to help manage interest rate risk
High Quality Loans – Average FICO score is 740
All electronic system – No paper
BCI has a strong referral base with 25 years in business
Diversify your portfolio geographically and by loan type
BCI has been in business since 1998 and does business with Banks in CT, MA, NH, NY and VT.
BCI is a Division of Ion Bank, a 150-year-old $2B Bank

Your bank determines monthly portfolio purchase size
New and Used auto loans with an average FICO score of 740
The Financial Institution reviews the monthly package and has the right of refusal on any loan
All loans generated in Southern New England
Averages
– Loan amount is $26,100
– Term at inception is 68 months
– Term to payout is 37 months
– Three year charge off rate is .21% – 2022 was .18%
90 day cancellation agreement

BCI handles all aspects of loan servicing
– Payments
– Collections
– Customer service
Investor gets month end report and does only 5 GL entries
BCI handles OFAC, Fair Lending, FinCen reporting
Annual SOC-1 from Fiserv, our servicer
BCI is regulated by the CT, MA, RI, ME, NH and VT Departments of Banking

Regulatory

Forms Design/Legal

Internal Control

Annualized

Current Bank Rate 8.15%
(Rate after Dealer Reserve)
Acquisition Fee (Spread over 3 yrs.) -100bps -.33%

Annual Servicing Fee – 80bps -.80%

Net interest earned by investor 7.02% *

Reserve for loss (Investor Determined) -20bps -.20%

ROI BY INVESTOR
w/ potential loss built in 6.82%

… and our loan rates move with the market – as rates go up, you get the advantage!

*Compare us to the 3 Year T Bill Rate at 4.31% or 7 year T Bill at 34.22% (12/1/23)

These are just a few – We will gladly share the names of all the banks we do business with.

Athol Savings Bank – MA
Daniel Zona – CEO
978-249-3200
$420 Million in Assets

Ulster Savings Bank – NY
Joan M. Eck SVP & CCO
845-338-6322
$841 Million in Assets

First County Bank – CT
John Bonora EVP & CFO
203-462-4400
$1.7 Billion in Assets

Newtown Savings Bank – CT
Carl Josephson, SVP – Lending Mgr.
203-270-4427 Ext.3911
$1.1 Billion in Assets

New Haven Bank – CT
Thomas Whitbred, SVP – CLO
203-285-6490
$170 Million in Assets

Dutch Point Credit Union – CT
Octavia Gaines– Vice President-Lending
860-257-5218
$340Million in Assets

Timothy W. Rourke
President
trourke@bcifinancial.com
203-439-9400 Ext 7421

BCI Financial
1520 Highland Avenue (Route 10)
Cheshire, CT 06410
Toll Free at 1-866-BCI-CORP
1-866-224-2677