WASHINGTON — The credit union auto loan portfolio is down “fractionally” over the last several months, according to CUNA Mutual Group's January CU Trends Report.
No surprise there, as new vehicle sales have slipped for several months. But a marginal slice of the auto loan market–that of sub-prime financing–remains fresh for credit unions that have developed tested business models and best practices that make for successful and profitable programs.
What if a greater number of credit unions had access to those programs? A successful lending strategy might be adapted by others and could help bolster a slumping auto sector.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
