Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUs banks overtake captives in auto financing
MADISON, Wis. (3/15/10)--Credit unions and banks have emerged as some of the winners in auto financing, according to Experian Automotive’s AutoCount ranking. Lenders in credit union categories increased their share of outstanding auto loans. Credit unions’ portfolios jumped 1.2% to $149 billion in 2009 (Automotive News March 11). Credit unions and banks received the “upper hand” because of frozen credit markets, and they had better liquidity than some captives and independent finance companies, the newspaper said. The top auto lenders in the U.S. and their market share in 2009 were:
* Chase Auto Finance, 6.75% market share; * Toyota Financial Services, 6.14%; * Wachovia Dealer Services, 4.3%; * American Honda Financial Services, 4.26%; * GMAC Financial Services, 3.7%; * Ford Motor Credit Co., 3.46%; * Nissan Infiniti Financial Services, 2.29%; * Bank of America, 1.99%; * BMW Financial Services, 1.84%; and * Capital One Auto Finance, 1.76%.
Other Resources

RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
6 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
7 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
8 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
8 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
8 hours ago