News

CUDL (CU Direct Corporation), the nation's largest point-of-sale and indirect lending network for credit unions reported high penetration numbers for its AutoSMART program and Web site www.cudlautosmart.com. CUDL announced that AutoSMART reached a record number 453 credit unions and 3,959 auto dealer participants representing some 15 million members.

Baxter Credit Union is the 2007 recipient of CUNA Mutual Group's Roy F. Bergengren Award for High Achievement.

Credit Union Lending Direct Corp. announced today that it has reached an agreement with Manheim Automotive Financial Services, to handle CU due diligence services for its 12,000 independent dealers.

Citing the downturn in auto lending in a now difficult market, the outgoing chairman of Credit Union Direct Lending Corp., Henry Wirz, appealed today for greater CU collaboration through the CUDL network as a means to halt the slide.

A very optimistic Larry Kudlow of CNBC told attendees of CUNA Mutual's Discovery Conference this morning that terrorists have no chance to derail America's economic might and change the way Americans live.

The NCUA Board showed its unanimous support for the Prompt Corrective Action proposal currently included in the Credit Union Regulatory Improvements Act (H.R. 1537) at today's meeting.