As real estate lending slows, credit unions gain more lending ground with cars, credit cards and businesses.
A new report from the New York Fed highlights the decline of mortgage debt and rise of student loan debt.
One expert says credit unions should look to an indirect auto lending program to grow their lending services.
Credit unions employing CU Direct represent the nation's third-largest auto lender based on originations.
Despite a net loss of 288 credit unions, the industry gains nearly 250,000 new memberships in 2015.
Credit unions anticipate robust loan growth in 2015. Auto and home equity lending drum up the most demand.
The $414 million City County CU sells 40 to 50 cars a month through its used car lot.
The lead generator website is open to new credit union partners, but recognizes FOM could be a barrier.
Agency alleged First Investors Financial Group sent false consumer information to credit reporting agencies.
Learn tips to build new indirect alliances and support current dealer partnerships.