A new service from Equifax allows credit unions to see what happened to auto loans they denied or otherwise failed to book.
Tool tracks applicants who did not receive credit union loans to find out where they financed.
Delinquencies at all-time low representing less than 1% of total outstanding balances.
A couple of key stats offer a glimpse of where credit unions may need to continue to look when targeting car shoppers.
Credit reporting agency credits lenders' risk assessment, portfolio management and credit availability for record numbers of auto loan originations.
Both numbers of cards and amounts charged are higher.
Credit union industry executives agree with new research that suggests young adults carry less credit card risk than their elders.
A new study finds that cardholders between the ages of 40 and 44 are 12% more likely to go seriously delinquent on a credit card than a cardholder age 19.
More loans. It’s the battle cry of almost every credit union in America, if not all of them.
The credit union industry continues to focus on two generations that have little lending potential: boomers and Gen Y.