Lending

Merit-based auto lending–or risk-based lending–has been around for a while. But with the economy pounding many members’ credit scores, what’s been happening lately? Credit Union Times checked with a couple credit unions to find out.

One of the inspirations behind creating a statewide lending brand that would be easily recognized by small business owners in Michigan evolved from conversations with local trade groups.

Rates for five-year indirect, new auto loans are nearly identical at credit unions and banks, according to one rate tracking firm.

Rates for five-year indirect, new auto loans are nearly identical at credit unions and banks, according to one rate tracking firm.

Aite Group says a new survey shows that about one-fifth of credit unions are better positioned now than a year ago to penetrate the small business space.

Aite Group says a new survey shows that about one-fifth of credit unions are better positioned now than a year ago to penetrate the small business space.