You're likely to see auto lending pick up in 2011. Many of those loans will be for practical rather than high-end vehicles.
Pioneer West Virginia Federal Credit Union announced that is has appointed a new CEO.
The Cadillac division of General Motors Corp. has left Invest in America, the auto discount program run by the Michigan Credit Union League now in its second year.
Total vehicle sales were down from May to June, continuing their bumpy ride through 2010.
The industry-backed Invest in America auto discount program has lost one of its partners-the Cadillac Division of General Motors Corp.
CUcorp, the Michigan Credit Union League subsidiary that heads the Invest in America program, announced that incentives on Chrysler vehicles have been temporarily suspended for the month of April.
A NAFCU Data Flash report showed that vehicles sales in March demonstrated the strongest sales pace since last August.
Credit unions enjoyed being the last ones standing in the auto lending market over the past year, but the competition has started to come back full force.
Credit union members in specific professions will be able to take advantage of an additional incentive offer through Invest in America.
The Invest in America program has added two new benefit partners and released 2009 numbers that CUcorp CEO David Adams said make him optimistic about the program in 2010.