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RANCHO CUCAMONGA, Calif. — CU Direct Senior Vice President/Chief Operating Officer Jerry Neemann believes indirect lending and subprime lending are being incorrectly and unfairly connected, and opines indirect lending CUSOs should make an effort to bring more information to the credit union industry about the differences between the two.

“When you’re talking about indirect lending, that’s an auto loan origination process that occurs at the dealership, whether it’s a prime, nonprime or subprime loan. If someone is having trouble with the subprime part and blames it on indirect lending, it’s not accurate. That’s not the problem,” said Neemann.

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