Exhibit 99.1

 

 

 
 

KPMG LLP
Suite 700
20 Pacifica
Irvine, CA 92618-3391

 

Independent Accountants’ Agreed-Upon Procedures Report

 

Space Coast Credit Union (the “Company”)

J.P. Morgan Securities LLC
BofA Securities, Inc.

(together, the “Specified Parties”)

 

Re: SCCU Auto Receivables Trust 2026-1 – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled “ABS 2026-1 Eligible Loans Jan 2026_vendor file.xlsx,” provided by the Company on February 18, 2026, containing information on 15,138 motor vehicle retail installment sale contracts (the “Receivables”) as of January 31, 2026 (the “Data File”), which we were informed are intended to be included as collateral in the offering by SCCU Auto Receivables Trust 2026-1. The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

·The term “compared” means compared to the information shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences were within the reporting threshold.
·The term “recomputed” means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the reporting threshold.
·The term “reporting threshold” means that dollar amounts, percentages, and Remaining Term to Maturity were within $1.00, 0.1%, and 1 month, respectively.
·The term “Cutoff Date” means January 31, 2026.
·The term “Fiserv DNA System” means the Company’s core servicing system, which contains a “Transaction History” screen and a “Relationship Profile” screen.
·The term “Insurance Document” means a scanned image of one of the insurance documents listed in Exhibit B which the Company informed us are acceptable forms of insurance document.
·The term “Title Document” means a scanned image of one of the title documents listed in Exhibit B which the Company informed us are acceptable forms of title document.

 

 

  KPMG LLP, a Delaware limited liability partnership and a member firm of
the KPMG global organization of independent member firms affiliated with
KPMG International Limited, a private English company limited by guarantee.		  

 

  

 

 

 

 

·The term “Acceptable Company Names” means the company names listed in Exhibit B, which the Company informed us are acceptable names for the Company that can appear in the Title Document as the lien holder, owner, security interest holder, or secured party.
·The term “Instructions” means the instructions provided by the Company pertaining to a procedure, attribute, or methodology, as described in the procedures below.
·The term “Receivable File” means the following documents provided by the Company for the Selected Receivables (defined below) as applicable:
–“Transaction History” screen in the Fiserv DNA System
–“Relationship Profile” screen in the Fiserva DNA System
–Credit Application
–Credit Report
–Installment Sale Contract
–Insurance Document
–Redisclosure Letter
–Title Document
–Electronic mail correspondence from the Company on July 15, 2025, containing the mapping for vehicle makes and vehicle models (the “Vehicle Make and Model Mapping”)

We make no representation regarding the validity or accuracy of these documents or the execution of these documents by the obligor or the Company.

·The term “Provided Information” means the Cutoff Date, Acceptable Company Names, Instructions and Receivable File.

The procedures we were instructed by the Company to perform are as follows:

A.We randomly selected a sample of 150 Receivables from the Data File (the “Selected Receivables”) using a random sampling tool. A listing of the Selected Receivables is attached hereto as Exhibit A. For purposes of this procedure, the Company did not inform us of the basis they used to determine the number of Receivables we were instructed to randomly select from the Data File.
B.For each Selected Receivable, we compared or recomputed the specified attributes in the Data File listed below to or using the corresponding information included in the Receivable File, utilizing the Instructions, as applicable. The Company indicated that the absence of any of the information in the Receivable File or the inability to agree the indicated information from the Data File to the Receivable File for each of the attributes identified, utilizing the Instructions, as applicable, constituted an exception. The Receivable File documents are listed in the order of priority.

 

  Attribute Receivable File/Instructions
  Account Number “Transaction History” screen in the Fiserva DNA System
  Vehicle Identification Number (VIN) Installment Sale Contract
  Origination Date “Transaction History” screen in the Fiserva DNA System
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  Attribute   Receivable File/Instructions
  Monthly P&I Payment   Installment Sale Contract, Redisclosure Letter
  Original Amount Financed   Installment Sale Contract
  Original Term To Maturity   Installment Sale Contract
  Annual Percentage Rate (APR)   Installment Sale Contract, Redisclosure Letter
  Model Type (New/Used)   Installment Sale Contract
  Vehicle Model Year   Installment Sale Contract
  Vehicle Make   Installment Sale Contract, Vehicle Make and Model Mapping
  Vehicle Model (Excluding Trim Or Engine Type)   Installment Sale Contract, Vehicle Make and Model Mapping
  Borrower State (Current)   Installment Sale Contract, “Relationship Profile” screen in the Fiserva DNA System
  First Payment Date   Installment Sale Contract
  Remaining Term to Maturity   Recompute as (i) the Original Term to Maturity appearing in the Installment Sale Contract minus (ii) the number of scheduled monthly payments from the First Payment Date appearing in the Installment Sale Contract to the Cutoff Date
  Loan credit score (used for decision)   Credit Report

We found such information to be in agreement without exception.

C.For each Selected Receivable, we observed the presence of the following in the Receivables File:
•Title Document. We were instructed by the Company to observe one of the Acceptable Company Names on the Title Document as the legal owner, lien holder, owner, security interest holder, or secured party.
•Proof of Insurance
•Signed Credit Application. We make no representation regarding the authenticity of the signature(s).
•Truth-in-Lending Disclosure Statement in Installment Sale Contract
•Signed Installment Sale Contract. We make no representation regarding the authenticity of the signature(s).

We found such information to be present.

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We were engaged by the Company to perform this agreed-upon procedures engagement. We conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Receivables, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Receivables to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Receivables being securitized, (iii) the compliance of the originator of the Receivables with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Receivables that would be material to the likelihood that the issuer of the asset-backed security will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations (“NRSROs”).

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

 

 

Irvine, California
March 6, 2026

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Exhibit A

The Selected Receivables

 

Selected

Receivable #

Receivable

Number1

Selected

Receivable #

Receivable

Number1

Selected

Receivable #

Receivable

Number1

1

20261001

 51

20261051

 101

20261101

2 20261002 52 20261052 102 20261102
3 20261003 53 20261053 103 20261103
4 20261004 54 20261054 104 20261104
5 20261005 55 20261055 105 20261105
6 20261006 56 20261056 106 20261106
7 20261007 57 20261057 107 20261107
8 20261008 58 20261058 108 20261108
9 20261009 59 20261059 109 20261109
10 20261010 60 20261060 110 20261110
11 20261011 61 20261061 111 20261111
12 20261012 62 20261062 112 20261112
13 20261013 63 20261063 113 20261113
14 20261014 64 20261064 114 20261114
15 20261015 65 20261065 115 20261115
16 20261016 66 20261066 116 20261116
17 20261017 67 20261067 117 20261117
18 20261018 68 20261068 118 20261118
19 20261019 69 20261069 119 20261119
20 20261020 70 20261070 120 20261120
21 20261021 71 20261071 121 20261121
22 20261022 72 20261072 122 20261122
23 20261023 73 20261073 123 20261123
24 20261024 74 20261074 124 20261124
25 20261025 75 20261075 125 20261125
26 20261026 76 20261076 126 20261126
27 20261027 77 20261077 127 20261127
28 20261028 78 20261078 128 20261128
29 20261029 79 20261079 129 20261129
30 20261030 80 20261080 130 20261130
31 20261031 81 20261081 131 20261131
32 20261032 82 20261082 132 20261132
33 20261033 83 20261083 133 20261133
34 20261034 84 20261084 134 20261134
35 20261035 85 20261085 135 20261135
36 20261036 86 20261086 136 20261136
37 20261037 87 20261087 137 20261137
38 20261038 88 20261088 138 20261138
39 20261039 89 20261089 139 20261139
40 20261040 90 20261090 140 20261140
41 20261041 91 20261091 141 20261141
42 20261042 92 20261092 142 20261142
43 20261043 93 20261093 143 20261143
44 20261044 94 20261094 144 20261144
45 20261045 95 20261095 145 20261145
46 20261046 96 20261096 146 20261146
47 20261047 97 20261097 147 20261147
48 20261048 98 20261098 148 20261148
49 20261049 99 20261099 149 20261149
50 20261050 100 20261100 150 20261150
(1)The Company has assigned a unique eight-digit Account Number to each Receivable in the Data File. The Receivable Numbers referred to in this Exhibit are not the Company’s actual account numbers.
  

 

Exhibit B

 

Insurance Document

 

•Agreement for Purchaser to Provide Accidental Physical Damage Coverage
•Agreement to Furnish Insurance Policy
•Agreement to Maintain Physical Damage Insurance
•Agreement to Provide Accidental Physical Damage Insurance
•Agreement to Provide Insurance
•Application for Coverage
•Auto Insurance Policy Declarations
•Auto Insurance Confirmation
•Automobile Insurance Coverage
•Confirmation Of Accidental Physical Damage Insurance
•Florida Automobile Insurance Identification Card
•Insurance Binder
•Insurance Card
•Insurance Coverage Acknowledgment
•Insurance Document
•Insurance Renewal Document
•Insurance Verification
•Letter of Coverage
•Personal Auto Declaration
•Verification of Insurance
•Verification of Coverage

 

 

Title Document

•Application for Certificate of Motor Vehicle Title
•Application for Certificate of Title With/Without Registration
•Electronic Title with Electronic Lien
•Service Agreement and Registration Application

 

Acceptable Company Names

•Space Coast Credit Union
•Space Coast CU
•SCCU