News

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...

SACRAMENTO, Calif. - The California Senate Judiciary Committee has joined the State Assembly, car dealers and consumers groups in support of a bill - AB 68 - described as being the first in the U.S. that creates a "Car Buyer's Bill of Rights" and includes protections for consumers during the...

ORLANDO, Fla. - With the number of new investment options available to members, credit unions have more options to penetrate their membership. "Whether it's Exchange Traded Funds, Index Annuities, Lifestyle Mutual Funds or Living Benefits in Variable Annuities, each have advantages and disadvantages," said Mark Warshauer, Financial Services Solutions Development...

DENVER - Indirect lending is undisputedly accounting for a larger portion of credit unions' auto loan portfolios, which makes successfully managing a program all the more important. Key to that, says Aimbridge COO Ann Schmitt, is managing dealer relations. "It's incumbent on the credit union to be comfortable with the...

ORLANDO, Fla. - The non-prime lending landscape is fertile with opportunities for credit unions to grow loans and improve yields, a lending expert told attendees. "The bottom line is non-prime lending can be a tremendous opportunity to grow loans and improve yields," said Steve Martin, CUNA Mutual vice president of...