Serving America's Community Bankers Since 2003
We make prime quality loans to highly qualified borrowers for the purchase of classic and collector cars. We package these loans for delivery to our partner banks in convenient, weekly, whole loan pools – steadily growing at a pace that aligns with each bank’s target Woodside portfolio.
Contact: Mitch Shatzen, President and COO
“What we like about this [collectible] portfolio is the value of the car really doesn’t depreciate and in some cases even increases.”
Steve Lundgren, President and CEO of Denali State Bank, ABA Banking Journal
It Starts with Commonsense Underwriting
Our veteran loan officers thoroughly analyze every applicant’s creditworthiness, stability, and ability to pay along with a thorough collateral valuation and inspection to ensure we meet our banks’ goals of:
Diversification
Class A borrowers in all 50 states
Efficient Loan Growth
Predictable weekly whole loan volume of $500,000 to $1,000,000+ (average loan is $100,000)
Excellent Performance
0.0018 30+ Day Delinquency and 0.0002 Annual Net Losses
Profitable Returns
A 40-month portfolio rollover with a profitable return and zero underwriting costs for the bank
“Every week they send us a package of loans — the applications, their underwriting, everything you need to write a consumer loan.”
Bruce Lowry, President and CEO of Ireland Bank, ABA Banking Journal
Supporting Bankers Associations Nationwide
“[Woodside Credit] does a very good job of bank-like underwriting, because that’s who their partners are…“
Joe Kiley, President and CEO of First Financial Northwest Bank, ABA Banking Journal
Built on Sound Underwriting
The Woodside program starts with quality, taking a commonsense approach to the underwriting of credit applications that has consistently produced a high-performing portfolio for partner banks.
- Credit Score: 762
- Time on Job: 12 Years
- Time in Bureau: 21 Years
- Homeowner: 90%
- Age: 49
- Average Income: $543k
- Debt Ratio: 26%
- Down Payment: 24%
- Average Loan: $103k
Our 21 partner banks are a strong testament to Woodside Credit’s impeccable reputation within the banking community:
- Bank of Stockton 2013*
- Bank of the Pacific 2013*
- Banc of California 2014*
- Central Valley Community Bank 2015*
- Community Commerce Bank 2015*
- First Fed Bank 2017*
- Bank of Marin 2018*
- Denali State Bank 2018*
- CommerceWest Bank 2019*
- Commercial Bank of California 2019*
- Exchange Bank 2019*
- First Financial Northwest Bank 2019*
- First National Bank 2020*
- Frandsen Bank & Trust 2021*
- Infinity Bank 2022*
- Ireland Bank 2022*
- Lexicon Bank 2022*
- Pacific West Bank 2022*
- Plains State Bank 2024*
- Frontier Bank of Texas 2024*
- Mega Bank 2024*
*Starting year of partnering.
Speak with Our President
Learn How Woodside Credit Can Serve Your Bank
Pebble Beach Concours d'Elegance 2024 Recap
Explore the unforgettable highlights of Pebble Beach, from iconic displays to the prestigious Best in Show and Most Elegant awards. Woodside Credit is a proud sponsor of the Pebble Beach Concours d’Elegance.
Woodside Credit Returns to The Amelia, The Premier East Coast Concours d'Elegance
Complementing the distinguished display of vehicles, Woodside will feature a booth on the show field to highlight its flagship loan program, designed to offer the lowest payments in America.
Join Us:
Leadership Through Adversity
Managing a successful bank requires dynamic and effective leadership that is characterized by sound judgement while building trust amongst clients, investors, employees, and peers. Join us to see two extraordinary individuals to address the topic of “Leadership Through Adversity.”
Thursday, November 16th (5:30-8:00 PM)
Monday, December 4th (5:30-8:00 PM)
