CUDL Pays Dividend
In 2008, CUDL signed 120 credit unions and 651 dealers and by year-end CUDL had 704 participating credit unions, representing 20 million members and 9,894 participating dealers.
Over the past year, CUDL generated more than 560,000 auto loans at dealerships nationwide and reported that 32% of the loans generated went to existing credit union members that were identified at the point-of-sale in the dealership.
"We are pleased to be able to once again provide a return on investment to our shareholders," said Tony Boutelle, president/CEO of CUDL. "Our goal is to provide credit unions with a member centric delivery channel and financial services tools that added value to credit unions' relationships with their members and also helps them grow their auto loan portfolios."
BASKING RIDGE, N.J. -- Affinity Federal Credit Union is helping members reduce their impact on the environment by offering a GreenSmart home equity loan. The loan offers a 25 basis point APR reduction and a fixed monthly payment plan. Terms for the loan vary between five, 10, 15 and 20 years.
To qualify for the loan, members must provide an Affinity home finance consultant with documentation of eligible home improvements through a written estimate or contractor proposal. Affinity will also help members put together their own green plans.
"Protecting and sustaining our environment is important to Affinity. We developed the GreenSmart home equity loan to encourage members to go green with home improvements," said Bob Birkhahn, executive vice president, chief member relationship officer.