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.
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