While the past year has been great for credit union auto lending business, it can't always be just about the party.
Both Lee Domingue, CEO of indirect lending at Wolters Kluwer Financial Services and Larry Highbloom, president of VINtek said credit unions need to be more diligent than ever now when it comes to managing risk and compliance.
"Credit unions need to focus as much as possible on title perfection and getting liens from the dealerships. The Cash for Clunkers hangover is going to hit dealerships like the morning after," Highbloom said.
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