X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RANCHO CUCAMONGA, Calif. — Credit unions are pricing their auto loans too low, and may be missing out on an opportunity to earn interest income in a tough yield environment.

That was the most surprising statistic uncovered by CUDL’s 2007 Business Intelligence Report, said CUDL Executive Vice President Jerry Neemann. The new report, which CUDL intends to produce annually, was complied from data collected by the CUSO from member credit unions and third-party sources like Experian and J.D. Power and Associates. “The one piece that stuck out to me was the rate differential between credit unions and captive and bank sources. Credit unions talk about how difficult it is with the yields being the way they are, but when you look at national averages, it appears that credit unions are leaving some rate opportunities on the table,” Neemann said.

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
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.