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's dealer network hits 11,000
ONTARIO, Calif. (4/28/14)--CU Direct, administrators of an auto-lending service network for credit unions, has expanded its lending network to include 11,000 dealers.
 
"The increase in dealership participation we have experienced over the last few years further underscores the value dealers see in partnering with credit unions and using our expanding lending network," said Jerry Neemann, CU Direct's executive vice president of automotive solutions. "Our goal is to provide leading products and services to dealers and credit unions that add value to their relationships, grow sales opportunities for dealers and generate loan growth for credit unions." 
 
The company's CUDL auto lending network reached the record mark after hitting the 10,000-dealer milestone less than a year ago. The CUDL network includes dealers in all 50 states.
 
The auto lending network also includes more than 1,100 credit unions, representing 38 million members nationwide. 
 
CU Direct credit unions generated a record $16.3 billion in auto loans through the CUDL network in 2013, while experiencing 21% growth in funded loans thus far in 2014.


RSS





print
News Now LiveWire
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
1 hour ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
2 hours ago
#creditunions, members share #databreach stories with media http://t.co/hGsnpkov8R
2 hours ago
.@CUCB #Creditunion #CherryBlossom Run registration transfer period is 2/1 - 2/28. Read more here: http://t.co/wup6XPWtcC 2of2
4 hours ago
.@CUCB CU Cherry Blossom Run organizers say accepted runners who can't race can transfer registratrion to runners who didn't get in. 1of2
4 hours ago