LANSING, Mich. — The "Invest in America" auto financing program now recording 10,000 vehicle sales since its December debut and promoted by CUNA and a state league consortium expanded its reach by including the California-based CUSO, Credit Union Direct Corp.
In a news media conference call, David Adams, president/CEO of the Michigan Credit Union League, the prime mover in "Invest" and Jerry Neeman, executive vice president, of CUDL, the acronym for the CU-based lending network, forecast gains in loan volume for the 700 CUs in CUDL as a result of the General Motors/Chrysler linkup.
So far 600 CUs across the U.S. have signed on to the discount-based "Invest" program debuted Dec. 8 first with GM dealers and later with Chrysler and since expanded nationwide.
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