The 102 credit union shareholders of lending services CUSO CUDirect will receive their share of a 3% cash dividend.
|The Ontario, Calif.-based CUSO said this is the ninthconsecutive year that it has paid a dividend to itsshareholders.
|During 2013, CU Direct said it signed new agreements with more than 100credit unions and at year's end, 1,072 credit unions, serving 38million members, were utilizing the CUSO's lending services.
|CU Direct credit unions processed 723,000 loans through thecompany's CUDL lending platform, generating $16.3 billion in creditunion autoloans in 2013, said the CUSO.
|The CUSO also helped its credit unions increase loan growth 19%in 2013 to become the sixth largest auto lender in the nation whenaggregated, according to CU Direct.
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