LAS VEGAS — With surprising results so far, three promising areas for indirect growth are motorcycles, RV and boats, CU executives at a breakout session at the annual CU Direct Auto Lending Symposium were told.

"Yes, we do have that high 15% net loan growth goal to work toward," declared Anne Nelson, manager of indirect lending at Digital FCU, Marlboro, Mass., in explaining motivation and success in Digital's cycle campaigns.

The CU currently has a whopping 18,000 loans in a $236 million portfolio with the average loan at $12,000. There are 58 loans totaling $309,000 in delinquency and the average balance on good loans is $5,400, said Nelson.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical 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 and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.