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RANCHO CUCAMONGA, Calif. — CU Direct Lending Corp. announced that for the second consecutive year the board of directors approved a $1.3 million dividend payment to its 85 member credit union shareholders.In 2008, CUDL signed 120 credit unions and 651 dealers and by year-end CUDL had 704 participating credit unions, representing 20 million members and 9,894 participating dealers.Over the past year, CUDL generated more than 560,000 auto loans at dealerships nationwide and reported that 32% of the loans generated went to existing credit union members that were identified at the point-of-sale in the dealership.“We are pleased to be able to once again provide a return on investment to our shareholders,” said Tony Boutelle, president/CEO of CUDL. “Our goal is to provide credit unions with a member centric delivery channel and financial services tools that added value to credit unions’ relationships with their members and also helps them grow their auto loan portfolios.”–lsiegriest@cutimes.com

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