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News Now

CU System
CUDL to represent CUs at NADA convention
RANCHO CUCAMONGA, Calif. (1/19/10)--CUDL, which administers an auto lending network for credit unions, will attend the National Automobile Dealers Association (NADA) Convention Feb. 13-15 in Orlando, representing its 750 partner credit unions. NADA, which averages 20,000 attendees per year, represents roughly 20,000 franchised new car and truck dealers with 43,000 separate franchises. Credit unions continue to provide a reliable lending source for auto dealers, according to CUDL. Credit unions captured nine points of market share from other lenders between 2008 and third quarter 2009, reaching 23% in September. “Our goal is to increase dealers’ awareness of the market power credit unions possess-- representing 86 million potential auto buyers--and to convey the importance and viability of partnerships between credit unions and dealers,” said Tony Boutelle, CUDL president/CEO. CUDL is based in Rancho Cucamonga, Calif.


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