Annual vehicle loan portfolio growth rose to 10.4% in July, which was the strongest growth since September 2005, CUNA economist says.
CU Direct Connect has signed an agreement that names the CUSO as the preferred lender at Sonic Automotive’s dealerships in Colorado.
Members in Alaska, Michigan and Oregon may have an edge over others when it comes to shopping for a vehicle.
Experian Automotive says subprime lending helping to drive financing to record share of consumer choice.
During the first six months of 2013, Enterprise Car Sales said it generated $224 million in loan volume to more than 12,000 credit union members.
According to the J.D. Power 2013 U.S. Dealer Financing Satisfaction Study, Security Service Federal Credit Union is ranked fifth among prime retail credit lenders in the country.
Texas-based Security Service earns plaudits from J.D. Power.
National delinquency rate at 0.8% in second quarter, credit bureau says.
Four more credit unions have signed on with GrooveCar Inc., an auto services provider.
Second quarter repos drop almost 15%, credit bureau says.