RANCHO CUCAMONGA, Calif. — CUDL President & CEO Tony Boutelle he's noticed some credit unions have curtailed their indirect lending programs lately, offering the service only to existing members in an attempt to control increasing delinquencies and loan losses.
However, it hasn't hurt CUDL's business any.
"Ironically, our business is actually quite good," Boutelle said. "We've experienced record revenue the last few months, not because things are all that good out there, but rather because we have a few things happening."
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