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Recapturing Lost Auto Loans Isn't a Lost Cause, Says LSI

The numbers are intriguing, said Jeff Frantz, senior vice president of Lending Solutions, Inc. here. LSI is a leading provider of around-the-clock consumer lending programs to credit unions (http://www.lendingsolutions.com/) and the numbers have given him an idea.

By Staff Writer | Updated on January 29, 2008

ELGIN, Ill. — The numbers are intriguing, said Jeff Frantz, senior vice president of Lending Solutions, Inc. here. LSI is a leading provider of around-the-clock consumer lending programs to credit unions (http://www.lendingsolutions.com/) and the numbers have given him an idea.

According to Ward-Smith.com, the highest performing credit unions finance just fewer than 20% of their members’auto purchases, Frantz said. “In 2006 those credit unions totaled 464. The remaining credit unions averaged a tad under 15%. That means 80-85% of members are financing elsewhere.”

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