Seven-year terms becoming more of the norm and leasing also at new high.
Experian report says customers of finance companies driving hike, while total dollar volume in auto lending at record high.
Eight credit unions were recently recognized for their lending practices in 2013 by CU Direct.
Auto loan balances up in every state in past year, according to TransUnion.
CUNA Mutual economist cites stronger employment, income growth, recovery in new light vehicle sales and less financing subsidies.
CU Solutions Group teams with wireless carrier Sprint and mobile resource management provider Spireon's Automotive Solutions Group.
Between 50% and 70% of all new vehicle sales are leases. Learn how credit unions are tapping this market.
Three percent cash dividend is the CUSO's ninth consecutive annual payout.
Credit unions get creative in their efforts woo car shoppers away from their direct competitors, namely dealerships.
Read the latest trends and statistics on consumer lending.