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
CUDL approves 3 dividend totaling 1.3 million
RANCHO CUCAMONGA, Calif. (1/28/08)--CUDL’s board of directors approved a 3% dividend on the current share price of $1,000, totaling $1.3 million, for its 83 member credit union shareholders for 2007. The dividend, which equates to $30 per share, is a 50% increase over the 2% dividend paid to shareholders in 2006 and 2005. CUDL also grew its national auto lending network in 2007, signing 127 credit unions and 1,035 dealers. By year-end, CUDL had 660 credit unions participating, representing 20 million members and 9,263 auto dealers. CUDL member credit unions would collectively rank as the seventh-largest auto lender in the country during 2007, said CUDL. Forty percent of loans generated through the CUDL system went to credit union members. CUDL is a credit union service organization that develops applications, training and marketing programs related to indirect lending for credit unions.
Other Resources

RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
10 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
11 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
13 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
14 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
15 hours ago