Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CU Direct Connect named as AutoNation preferred lender
CENTENNIAL, Colo. (11/2/12)--CU Direct Connect LLC, a credit union service organization, has signed an agreement with AutoNation Inc. that names CU Direct Connect as a preferred lender for all AutoNation dealerships in Colorado.

CU Direct Connect, through its 34 member credit unions, is collectively the largest auto lender in Colorado while AutoNation, with its 17 Go dealerships, is the largest volume auto dealer in the state.

"It makes sense for the Colorado automotive market's largest lender group and largest dealer group to cooperate for mutual growth and benefit," said Tom Helmers, CU Direct Connect chief operating officer. "We've enjoyed a positive relationship for many years, and this new preferred lender agreement will help us move that relationship to an even higher level going forward."

The parties expect the agreement to lead to mutually beneficial increases in automotive loan and lease volume and revenues, the companies said. Through three quarters in 2012, CU Direct Connect has experienced a 43% increase year over year in loan volume and a 67% increase in lease volume.


RSS print
News Now LiveWire
Learn how to stay competitive with new research blog from @CUNA's econ/statistics dept in Wed's #NewsNow
9 hours ago
#FOMC meeting watch: Change in forward guidance expected #Market #NewsNow http://t.co/PH41VN1j9l
11 hours ago
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
12 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
13 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
14 hours ago