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.
Demand for new cars and light trucks pushed auto loan originations to $69.6 billion in January and February, most since 2009.
That two-door hatchback with the spiffy, cushy interior bought back in 2003 may be on its last wheels.