Credit unions report larger maximum amounts, longer terms and more flexibility.
New endorsement covers credit unions financing cars for Uber and Lyft driver members.
The $28.6B State Employees’ says higher-priced 100%-financed mortgages could look like unfair lending in HMDA data.
The $414 million City County CU sells 40 to 50 cars a month through its used car lot.
WPCU helped over 2,500 members with more than $300 million in financing last year.
In its publication of Rule 701.19 (April 2003), the NCUA recognized the need for credit unions to attract and retain key value creators in order to succeed, and their need for competitive options in financing such attraction and retention programs.