indirect lending

• Auto Lending Market Share Inches Up To Pre-Recession Highs

  By Michelle A. Samaad  |  April 1, 2012

  This year may be a turning point for credit union auto loan programs with monthly market shares poised to range from 18% to 24%, which were highs experienced prior to the recession.

• Auto Lending Activity Moving Towards Pre-Recession Highs

  By Michelle A. Samaad  |  March 23, 2012

  After seeing monthly market shares from 18% to 24% just prior to the recession, credit union auto loan programs may be returning to those record levels.

• Banks, CUs Keep Up Indirect Auto Loan Competition

  By Michelle A. Samaad  |  February 10, 2012

  When it comes to five-year, new, indirect auto loans, credit unions and banks are running pretty close with their rates.

• Indirect Loan Averages Close Among CUs, Banks

  By Michelle A. Samaad  |  November 14, 2011

  In at least one case, banks and credit unions are nearly tied when it comes to the average rate on five-year, indirect new auto loans.

• Michigan First Wins Appeal in CUMIS Fidelity Bond Case

  By Michelle A. Samaad  |  May 31, 2011

  A jury has ruled that Michigan First Credit Union was entitled to $5 million in damages from CUMIS Insurance Society Inc. in a case involving a wrongful denial of a fidelity bond claim.

• Michigan First Wins Appeal in CUMIS Fidelity Bond Case

  By Michelle Samaad  |  May 25, 2011

  Detroit court rules credit union is entitled to $5 million in damages and another $2.7 million in interest.