PALO ALTO, Calif. – Addison Avenue FCU is the latest credit union to sign on to CU Direct Connect's indirect lending CUSO. Addison Avenue FCU, formerly known as Hewlett-Packard FCU, has $1.8 billion in assets and approximately 135,000 members. It just completed its first month of participation in CU Direct Connect and did almost $1 million in loan volume. The CU says it expects to do higher volumes in the future as dealers become aware of their presence in Colorado where Addison Avenue FCU has five branches. The CUSO, based in Denver, Colo., is owned by 38 Colorado credit unions, and it has 22 additional CU clients in Colorado and Wyoming. It has relationships with 468 dealerships in Colorado.
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