A combination of less-generous rate incentives from new vehicle sellers and aggressive rate pricing is accelerating the growth of new car loans at credit unions.
Analysis from CUNA Mutual Group’s October Credit Union Trends Report reveals factors that contributed to 4.1% annual new vehicle growth as of August.
Pennsylvania credit union wraps up promotion with gas giveaway and nearly 1,000 new auto loan applications.
Vehicle lending CUSO CU Direct Connect said its funding volume and unit/share book value have been on an upswing this year.
The $3.25 billion Kinecta Federal Credit Union among the latest cooperative in the Golden State to sign on with cuautocoupon Inc.
Equifax economist says average age of cars on road is now the highest ever recorded.
A sustained demand for new cars has helped Autoland Inc. post positive earnings through August, the auto buying CUSO said.
The $890 million credit union in Medford, N.Y., said the new partnership will offer the Enterprise Auto Loan Rate Program to members.
Just a year ago, credit unions were in the midst of a 2.3% contraction within their auto loan portfolios. Not anymore.
Continuing a year-long trend, sales of new cars and trucks showed a strong rebound in August.