Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
CU Direct Corp. OKs 3 dividend
ONTARIO, Calif. (3/7/11)--CU Direct Corp., parent for the CUDL Lending Insights and new Lending 360 and CUDL Retail brands, announced its board of directors has approved a 3% dividend on the current share price of $1,000, totaling $1.4 million, to its 91 member credit union shareholders for 2010. This is the sixth consecutive year that the credit union service organization has paid dividends to its credit union shareholders. CU Direct, which has 10 regional offices throughout the U.S., signed new agreements with 160 credit unions in 2010. As a result, at the year's end more than 930 credit unions serving 27.5 million members were incorporating the CUSO's lending solutions and services to enhance their lineup of member products and services, and to maximize their process and cost efficiencies. In a year where the continuing economic downturn once again took center stage, CU Direct's CUDL lending platform generated more than 419,000 auto loans at dealerships nationwide, while CUDL credit unions were the seventh largest vehicle lender in 2010. The CUSO also reported that 34% of the loans its system generated in 2010 went to existing credit union members at the point of purchase (in the dealership).


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
12 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
17 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
18 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
20 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
20 hours ago