One in four vehicles sold is financed by a credit union – a 20% jump compared to 2015.
The credit union’s 1.4 million members will have access to the CUSO’s nationwide auto dealership network.
WASHINGTON – Banks are getting to “yes” faster when it comes to auto lending, CU Direct’s Tony Boutelle warns.
See a snapshot of millennial car buying data.
Aggressive loan rates, lease payment options, looser underwriting and cash reward incentives line a path to 2016 lending success.
The forecast is bright for auto lending in 2016.
Find out how credit unions are making the most of the subprime auto lending market.
Will 2016 beat last year's historic high for auto sales?
CUNA Mutual Group reports HELOCs, unsecured personal loans and new auto loans drove growth in 2015.
Credit unions looking to capture young members must market themselves as trusted auto loan providers.