CU Direct Connect Marks 43% Funding Volume Auto Loan Growth
Vehicle lending CUSO CU Direct Connect said its funding volume and unit/share book value have been on an upswing this year.
According to the Centennial, Colo.-based CUSO, funding volume was up 43% year over year through Sept. 30 and unit/share book value increased by 9.8% year to date.
CU Direct Connect said it also recently added two new owners: the $44 million Rio Grande Federal Credit Union in Grand Junction, Colo., and the $236 million UNIWYO Federal Credit Union in Laramie, Wyo.
Formed in late 2002, CU Direct Connect said it currently serves approximately 34 credit unions for vehicle lending in Colorado.
Blair Korschun, CUDC president/CEO, said 2012 has been a year of focus, increased communication and service with its member credit unions and dealers.
“We are excited about the future and expect to continue to bring new, improving value to our partner credit unions and dealers,” Korschun said.