Auto loan portfolios accounted for nearly half of all credit union loan growth in 2013.
CUNA Mutual Trends Reports cites favorable conditions for credit union members in loan growth.
The $212 million credit union in Totowa, N.J., will work with CU Xpress Lease.
Credit unions continue to bask in the glow of their record auto lending growth, but an increase in subprime repossessions may be a cause for pause.
Nearly half of all credit union loan growth this year can be traced back to auto loans, setting the stage for record expansion across the industry for 2013.
Total up $103 billion from year-ago third quarter, credit bureau data shows.
Nine more credit unions have signed partnership agreements with CU Direct Corp.
CUNA Mutual economist: "We are running out of superlatives, but don't need any."
From shopping for a car to offering small businesses the capability to accept payments on the go.
Rental firm says its used car sales through credit unions up nearly 20% year-over-year.