Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CU Direct processed $16M auto loans in 2013
ONTARIO, Calif. (2/18/14)--CU Direct processed a record $16 billion in funded auto loans in 2013, an increase of 25% compared with 2012, the company announced last week.
 
During 2013, CU Direct supported 1,072 credit unions, helping them process more than 2.8 million auto loan applications--a 10% increase in applications compared with 2012.
 
The credit union service organization processed 268,000 auto loan applications in December, a 43% increase over December 2012. The increase was made possible by offering partner credit unions access to more than 60% of the auto dealerships in the U.S, said Bob Child, CU Direct's chief of staff.
 
"Credit unions gained significant momentum in auto lending during 2013," Child said. "Credit union's on the CUDL lending platform during 2013 delivered growth rates double the auto lending market, demonstrating that credit unions can compete with banks and win in the auto lending marketplace."


RSS print
News Now LiveWire
.@NCUA just releases 3 segments of new online series to help CU managers, volunteers detect/deter fraud http://t.co/JgyRHcfgit
5 minutes ago
.@USDA recognizes Royal #creditunion's $5M rural mortgage lending effort http://t.co/VMsvV0Mpbf
10 minutes ago
Plattsburgh, NY, paper lauds @DannemoraFCU, @TiconderogaFCU for shred event, ID theft protection See #NewsNow http://t.co/VqWO986j9i
1 hours ago
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
12 hours ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
15 hours ago