Indirect Lending Growth Tails Off Sharply

Q3 2019 data shows indirect loans still dominate the CU industry's auto portfolio, though momentum appears to have stalled in recent quarters.

By Will Hunt | January 17, 2020 at 09:00 AM

At credit unions nationwide, indirect loans – mostly auto loans originated at the dealership and financed by credit unions – grew at their lowest annual growth rate since March 2012, up only 4.6% over the past 12 months.

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