News

ATLANTA - Credit Union Direct Lending and Manheim, the largest and highest volume wholesale automobile auction company, are in the early stages of working together to develop a package for CUDL-credit union members to provide CUs a simplified source for remarketing vehicles. Jon Schrock, national accounts director for Manheim said...

LAS VEGAS - Loan participation can be a critical part of a growth solution for credit unions and provide CUs with an attractive investment alternative, but a lack of pricing standardization in the maturing auto loan participation market makes pricing "the wild card" for both sellers and buyers. "Loan participation...

TIGARD, Ore. - NW Preferred Federal Credit Union is helping members trim their rates while fitting in some time for summer fun with a new low carb promotion. Playing off the popularity of low carb diets, this credit union's CARB stands for Certified Annual Rate Benefit. "We are simply repositioning...

LAS VEGAS - It takes two parties to facilitate an indirect lending relationship - the credit union and auto dealer - and while CUs are well-aware of what they need and expect from dealers to make this service work, attendees at CUDL's 2004 Symposium held at the Venetian Hotel and...

LAS VEGAS - Credit Union Direct Lending announced the winners of its 2004 Best Practices Awards during its Sixth Annual Auto Lending Symposium here. The CUs were honored for their overall indirect lending practices in the areas of dealer relations, member awareness, portfolio management, and program innovation. The winners were...

ATLANTA - For the first time, dealers looking to buy credit union repossessed vehicles at a Manheim auto auction found vehicles to bid on in a credit union-dedicated lane. The auction was held June 15 at Imperial Auto Auction in Lakeland, Fla. Jon Schrock, national accounts director for Manheim, the...