For members not looking to be saddled with car loan payments that stretch to infinity, some credit unions are discovering that leasing contracts are meeting their needs and boosting the bottom line.

“(It’s) a very popular product in the New York area,” said Nancy Orlando, senior vice president of lending, at the $4.8 billion Teachers Federal Credit Union in Hauppauge, N.Y. “It’s a great opportunity to assist in loan growth with good quality loans.”

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