News

WASHINGTON - Consumers may be buying more new vehicles, but the characteristics of their loans have changed. According to the Consumer Bankers Association's annual automotive finance study, last year 45% of new vehicle loans had terms of more than 60 months, up from 40% in 2003. In 2000 only a...

AUSTIN, Texas - Teres Solutions has integrated its SAIL indirect lending software solution with DealerTrackT platform's eContracting product, providing credit unions the ability to electronically process and fund auto loan contracts submitted through the DealerTrack network, while reducing loan risk and increasing efficiencies. According to Teres Solutions, one of the...

ST. PAUL, Minn. - The Minnesota Court of Appeals ruled last month that lenders are not required to disclose to retail vehicle loan customers the difference between the annual percentage rate they offer dealerships - know as the buy rate - and the interest rates that dealerships quote to customers....

ORLANDO, Fla. - More than 800 participants were welcomed by CUNA Mutual Group President/CEO Jeff Post to this year's Discovery Conference with the theme "Experience the Power." Post told attendees of his early observations of the credit union industry and the company he was named to lead five months ago....

The Top 10 Credit Unions in Leases Receivable

DENVER - In what they're describing as a unique relationship designed to share indirect loan originations and participations to reduce risk, Aimbridge Indirect Lending and The Credit Union Loan Source LLC have sealed an agreement that not only entails Aimbridge offering indirect lending services to CULS credit unions, but for...