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 to distribute 3% dividend
ONTARIO, Calif. (3/7/14)--For the ninth consecutive year CU Direct, a provider of lending solutions to credit unions, will distribute a dividend to its shareholders. The credit union service organization's board of directors this week approved a 3% cash dividend for its 102 credit union shareholders.
 
"We continue to deliver innovative lending solutions that help credit unions improve member auto buying and lending experiences, and grow their loan portfolios," said Tony Boutelle, CU Direct president/CEO.  
 
In 2013, CU Direct signed new agreements with more than 100 credit unions.  At year's end, 1,072 credit unions serving 38 million members were using the CU Direct lending solutions.
 
CU Direct credit unions processed 723,000 loans through the company's CUDL lending platform, generating a company record $16.3 billion in credit union auto loans in 2013.  The CUSO helped its credit unions increase loan growth 19% in 2013 to become the sixth-largest auto lender in the nation.


RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
14 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
15 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
16 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
17 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
18 hours ago