News

DENVER - After having a referral relationship with Automotive Avenue for more than six years, Credit Union of the Rockies has officially named the company its exclusive partner to provide its members with vehicle purchasing options. Until last month, Automotive Avenue-a division of Aimbridge-was one of three companies Credit Union...

RANCHO CUCAMONGA, Calif. - Security Service FCU, the largest indirect lending credit union in the country, has gone live with CU Direct's indirect lending platform DecisionApp. SSFCU, with $3.5 billion in assets and 550,000 members, is the eleventh largest CU in the U.S. It averages more than $100 million in...

HOUSTON - Credit Union Acceptance Corp., an indirect lending CUSO founded by eight Houston-based credit unions, reports it has achieved significant growth and increased its indirect lending portfolio through the use of APPRO Systems' loan automation and credit risk decisioning system LoanCenter ConsumerT. Prior to using LoanCenter Consumer, CUAC said...

DETROIT - The U.S. economy may be showing signs of slowly recovering, but based on experts' estimates that's not reaching U.S. automakers' projections for 2005. Facing increased and aggressive competition from automakers in Asia and Europe, experts say U.S. automakers overall sales will continue their downward trend in 2005 from...

GREAT BARRINGTON, Mass. - The average American spends more than a quarter million dollars on automobiles over the course of their driving lifetime. That figure, reported by the American Institute for Economic Research (AIER) and which includes vehicles, fuel, insurance, maintenance, repairs, and license and registration fees, is twice what...

MCLEAN, Va. - A recently released survey from the National Automobile Dealers Association's Industry Analysis Division shows 94% of new car and light truck dealerships have Web sites - up slightly from 93% in 2003 and 74% in 1999. Of these sites, 98% are interactive with most allowing consumers to...