As Indirect Lending Falls, So Goes Auto Market Share
Credit unions have made the choice to back away from indirect auto lending, but that has come with a substantial opportunity cost.
Credit unions have made the choice to back away from indirect auto lending, but that has come with a substantial opportunity cost.
The veteran leader and Motor City hype man looks back on a career centered on living the “people helping people” philosophy.
From sky-high housing prices to increased credit card spending and beyond, these are the prime factors influencing today’s lending landscape.
In this Q&A, CRIF Select President Jeremy Engbrecht explains how credit unions are navigating the competitive indirect auto loan industry.
Penetration growth is uneven across product lines, with share draft and auto loans blazing a trail in the past decade while other products remain stagnant.
The Federal Reserve is projected to cut rates several times in 2024; however, soaring prices and dwindling savings still leave Americans with little incentive to make a big purchase.
Credit unions are facing unique challenges as economic pressures deter potential buyers who are struggling with affordability.
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More than half of Americans younger than 50 say they would consider purchasing an electric vehicle. That’s an opportunity for credit unions.
A longstanding program that spotlights small businesses and local organizations deepens ties and reinforces the credit union’s commitment to community prosperity.
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For the first time in 15 years, salary growth for loyal employees outpaces those who leap from job to job.
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Recent drops in consumer sentiment indicators reveal a complex mix of financial pessimism, political influence, and generational divides.
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Protection products offer a range of benefits that safeguard a borrower’s peace of mind while simultaneously buckling up their financial security.
Green Lending: What Is Your ‘Why?’