RANCHO CUCAMONGA, Calif. -- CUDL (www.cudl.com), which administers the nation's largest point-of-sale and indirect auto lending network for credit unions announced that three credit unions in Alabama have chosen its CUDL Complete program for their indirect lending needs.
Alabama Credit Union, Coosa Pines Credit Union, and Jefferson County Teachers Credit Union have implemented the Complete solution to help facilitate and expand their auto lending programs, said CUDL.
The CUDL Complete program provides a full service, turnkey solution that allows for outsourcing of indirect or point-of-sale (POS) auto lending loan processing while also providing the capability of using the CU's own underwriting guidelines to maintain control over exceptions.
"The CUDL Complete program provides the operational flexibility, dependable and simple-to-use technology, and aggressive marketing we needed for our indirect lending program," said Kayce Bell, chief operating officer, Alabama Credit Union. "It's important to work with a provider that understands the indirect program has to work for our credit union or it doesn't work for the provider."
"We're excited to be providing each of these credit unions with a platform solution that will enable them to leverage a faster, more efficient auto lending process," said Mike James, vice president of product management at CUDL. "Our goal is to provide our credit unions with a total solution that not only greatly enhances their funding process but helps drive overall auto lending program success."
The CUDL Complete program is currently active in 16 states nationwide and has funded over $71.7 million in credit union auto loans year to date.