Nearly 70% of auto lenders polled by CU Direct said increasing dealer network relationships was their number one goal in 2014.
Security Service FCU's chief lending officer shares the risks and rewards of indirect auto lending.
Indirect auto lending CUSO said 2013 numbers represent a 25% increase over 2012.
Colorado-based indirect lending CUSO's member credit unions increased market share last year, while most competitors experienced the opposite.
More than half of all lenders using the indirect lending platform are credit unions.
Texas-based Security Service earns plaudits from J.D. Power.
NEW YORK — Indirect auto lending and the growth it brings isn’t a new topic, but a July 1 breakout session at CUNA’s America’s Credit Union Conference utilized relatively new technology that allowed audience members to voice their opinions. The debate, which was moderated by CUNA Mutual’s David Polet, included...
NEW YORK — Good or bad for members? Audience shift detected by technology at ACUC breakout debate.
Bulletin stresses auto dealers who participate in indirect lending agreements must comply with the ECOA when marking up interest rates.
Las Vegas gathering in May to feature economists, consultants and lending marketplace expertise.