News

What's behind credit unions' increasing auto leasing activity? Find that out and more in the special report on pages 21-27.

WEST PALM BEACH, Fla. - May seems to have been a hot month for credit unions to host car sales. In Daleville, Ala., over $9 million and nearly 500 units changed hands at Army Aviation Center FCU's two-day 21st Annual New Car/Recreational Vehicle/Boat Show and Sale May 6 and 7...

MCLEAN, Va. - A new national survey from Capital One indicates that in the current rising interest rate market when dealer purchase incentives are declining, car buyers are focusing their attention more closely toward the financing arrangements for their vehicle purchases, compared to last year's buyers. They're also doing more...

ORLANDO, Fla. - CUNA Mutual Group recently recognized Dupaco Community Credit Union with its 2005 Roy F. Bergengren Award for High Achievement. CUNA Mutual has bestowed the Bergengren Award on individuals and credit unions since 1990. It recognizes their commitment to the self-help ideals and philosophy espoused by Roy F....

LOS ANGELES - CarsDirect, a leading Internet car-shopping service, has acquired 1-800 Communications, a top provider of special financial auto leads to dealers. The company says the acquisition makes CarsDirect the largest special finance lead service in the U.S. and provides a new tool for consumers with special financing needs...

NEW YORK - Consumers who own or lease a vehicle don't expect prices of gas at the pump to stop rising any time soon, and this has prompted 40% of U.S. adults who own or lease a vehicle to cut back on their spending on other goods or services. According...