Led by several key drivers, second-quarter profits for auto buying service CUSO Autoland Inc. were 76% ahead of forecasted earnings.
More than a year after co-parent Telesis Community Credit Union’s financial woes pushed it into conservatorship, auto buying CUSO Autoland Inc. said it is looking forward to a fresh start.
Credit unions executives located in or near Rep. Gary Miller’s (R-Calif.) district in Southern California voiced their approval of a bill introduced by the House Financial Committee leader on June 28.
“This allows us to stay in the credit union family as a CUSO, with a strong strategic credit union as the majority owner."
Purchase ends CUSO's management by NCUA since failure of Telesis Community Credit Union.
Thirty credit unions now among users, company says, with traffic evenly split between mortgage and auto loans.
Three credit union CEOs have been elected to 2012-2015 terms in the NAFCU Board of Directors balloting that closed Tuesday.
When Jeffry Martin took the helm of Autoland Inc. 18 months ago, some hard decisions had to be made if the company wanted to expand on its 35-year reputation of vehicle purchasing and financing