In this Q&A, CRIF Select President Jeremy Engbrecht explains how credit unions are navigating the competitive indirect auto loan industry.
Third quarter 2019 data shows that indirect loans still dominate the credit union industry’s auto portfolio, though momentum appears to have stalled in recent quarters.
Auto market share and penetration rates increased at U.S. credit unions in the third quarter of 2018 even as indirect lending growth slowed.
Five can’t-miss data points featured this week on CreditUnions.com.
How a hybrid indirect business model helps a Palmetto State credit union earn auto loan referrals and new member face time.
Indirect lending helps the credit union industry build market share amid booming auto sales.
These five areas of focus can help you better deal with dealers and win more business for your credit union.
At the end of 2008 Northeast Credit Union ($643M in Portsmouth, NH) posted 29.8% loan growth, 19.6% share growth and 20.5% member growth. A conversation with their President and CEO, Peter Kavalauskas, revealed the dedication to the cooperative’s success through new initiatives, solid execution, and an excellent market.
A car. An education. A home. Wright-Patt helps its members live their lives.
North Dakota credit union members might travel the map to find the perfect car, but they don’t want the runaround in financing it.
A midyear look back at how credit unions are lifting up their communities in ways that go beyond just banking.
Revisiting some of the unique strategies financial cooperatives are using to drive long-term success and sustainable organic growth.
From innovative training strategies to change management and more, here’s a look back at how credit unions are empowering their staff to serve members and live their mission.
From access to education and beyond, credit unions are putting members first in a way that’s not just about banking – it’s about financial empowerment.
Consumers are adjusting their financing habits to the new economy, and as economic realities shift, members are rethinking how — and where — they access credit.
Six data points showcase key dynamics shaping the U.S. economy that could direct credit union decision-making in the year to come.
Risk might or might not impact your organization, but you must be ready regardless.
Delinquency and charge-offs have largely plateaued from last year. Encouragingly, many products improved compared to the previous quarter.
Members are changing the way they deposit their money, saving more and opting for lower-yielding, more liquid account types.
Quarterly performance reports from Callahan & Associates highlight important metrics from across the credit union industry. Comparing top-level performance and digging into the financial statement has never been easier.