News

AUSTIN, Texas - Stanford FCU is continuing is reputation as being a pioneer in e-commerce. The $680-million, Palo Alto, Calif. credit union has offered online services to its members since 1993. Now it has selected Teres Solutions' Software Application for Integrated Lending (SAIL) solution to manage and automate its direct...

DETROIT - Although November U.S. auto sales were up from a dismal showing in October, industry analysts were still expecting the fall selling season to be down in 2005 compared to the previous year despite marketing efforts and special promotions offered by the Big 3 auto manufacturers. In mid-November after...

WESTLAKE VILLAGE, Calif. - J.D. Power and Associates last month released its 2005 Consumer Financing Satisfaction StudyT, and among the findings the study showed the proportion of leases to loans has increased for the first time in five years. According to the study data, the proportion of luxury buyers who...

RANCHO CUCAMONGA, Calif. - The Northern California Business Unit of CU Direct recently held their 4th Annual Golf Tournament for their credit union and auto dealer partners. The day-long event was held at Chardonnay Golf Course in Napa, Calif. For the second consecutive year, the golf tournament's fundraiser benefited Shriners...

New and used auto lending continued to be a strong activity for credit unions through the third quarter 2005, as these charts from Callahan and Associates show. As of September, the dollar volume of auto loans generated by credit unions was more than in the past five years. In addition,...

RANCHO CUCAMONGA, Calif. - CU Direct has named Phil Maniaci as vice president of sales and operations for the CUSO's new Eastern Division. Maniaci has been with CU Direct since November 2003 working as regional director, managing the CUSO's market development in the northeastern U.S. The Eastern Division includes CU...