Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
10 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
11 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
11 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
12 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
13 hours ago