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The California CUSO known for its CUDL indirect auto lending platform handled 32% more in credit union loan originations last year.

CU Direct, which does business as Origence, reported Tuesday that credit unions produced a record $57.4 billion in auto and other loans in 2021 through its Origence Lending 360 and CUDL lending platforms, up from 2020’s record $43.5 billion. With 2.2 million loans last year, the average amount was about $26,100. In 2017, credit unions employing its platforms funded 1.8 million loans worth $39 billion.

Jim DuPlessis

A journalist for decades.

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