CHICAGO (5/21/12)--CU Direct Corp.--the parent for CUDL, Lending Insights, Lending 360, CUDL Retail and Vero brands--has surpassed 1,000 credit union clients.
CU Direct announced that 1,006 credit unions, representing 28 million members nationwide, are now using the CUSO's lending solutions.
The Ontario, Calif.-based credit union service organization (CUSO) began operations in 1994, serving a small client base of California credit unions. The CUSO offers products and services to help credit unions advance their lending programs and achieve overall portfolio success. In 18 years, CU Direct has grown to include its CUDL auto lending brand and Lending Insights portfolio management brand, and more recently its Lending 360, CUDL Retail and Vero brands.
Earlier this year, CU Direct announced it had signed new agreements with 128 credit unions in 2011 and had paid a 3% cash dividend to credit union shareholders for the seventh consecutive year, totaling nearly $1.4 million for 2011.