X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA – Credit Union Direct Lending and Manheim, the largest and highest volume wholesale automobile auction company, are in the early stages of working together to develop a package for CUDL-credit union members to provide CUs a simplified source for remarketing vehicles. Jon Schrock, national accounts director for Manheim said he’s been talking with CUDL since early April, although he had some earlier informal discussions with CUDL officials at credit union conferences. Schrock said CUDL was interested in learning about the remarketing side of the business, and Manheim wanted to learn more about CUDL CUs “to find areas to enhance the remarketing value for their credit unions.” Schrock emphasized that the discussion between Manheim and CUDL are still in the early phases. “We have an overall vision what we want to put together, and we’ll be working diligently to put something together,” he said adding there’s no target date at this point. “These things always take some time,” he said. Manheim sold 5.2 million vehicles at Manheim auctions in 2003; approximately 18,000 of those were credit union vehicles.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.