auto lending

• CU Auto Lending May Bring IRR Gods’ Wrath

  By Michelle A. Samaad  |  May 20, 2013

  That two-door hatchback with the spiffy, cushy interior bought back in 2003 may be on its last wheels.

• Filene Report Reveals How to Predict Member’s Choice of Auto Lender

  By Michelle A. Samaad  |  May 16, 2013

  Interest rates may not be as important as response to potential borrower. (Check out the graphic at the bottom!)

• Autoland CUSO Reports 17% First Quarter Sales Increase

  By Michelle A. Samaad  |  May 10, 2013

  The Chatsworth, Calif.-based CUSO said its first quarter profitability increased 29% over the same period last year.

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  DuTrac Community CU Debuts Car Buying App

  By Michelle A. Samaad  |  May 1, 2013

  The $565 million credit union in Dubuque, Iowa, has introduced the AskAuto app, designed to make shopping for a car and applying for a loan easier.

• SEC Charges Capital One with Understating Auto Loan Losses

  By Michelle A. Samaad  |  April 25, 2013

  Company settles for $3.5 million; two senior executives agree to pay $135,000.

• CU Direct Expands into Canada, Partners with Desjardins Group

  By Michelle A. Samaad  |  April 22, 2013

  Partners launch new member auto research and buying website for Canadian market.

• No Signs of Losing Steam With Auto Loan Growth: CU Trends Report

  By Michelle A. Samaad  |  April 15, 2013

  Vehicle loan portfolio expansion continues to be the driving force behind credit union loan growth, CUNA Mutual Group says.

• Lenders Eye Auto Loans with 65- 75- and 97-Month Terms: WSJ

  By Michelle A. Samaad  |  April 10, 2013

  Average new car cost is now $31,000.

• CUDL: Indirect Auto Loan Approvals Driven by Relationships

  By Michelle A. Samaad  |  April 10, 2013

  For some credit unions, the recipe for high auto loan volumes is a mix of strong relationships with dealers, fast response times and a dedicated staff.

• Auto Loan Growth a Top Priority for Some CUs: TransUnion

  By Michelle A. Samaad  |  March 27, 2013

  Survey at GAC finds more than half of respondents saying auto presents greatest loan growth potential.