Since 2009, auto finance companies have increased their lending by more than 47%.
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.
While many credit unions still have some of the best auto loan rates, banks are still competing in the indirect space.
With the exception of auto loans, credit unions and banks are competing closely in nearly all loans.
Credit unions will have access to mystery shopping services and other member satisfaction solutions through a new vendor partnership from CUNA Strategic Services.